EAM Investors LLC lessened its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 17.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 167,414 shares of the semiconductor company’s stock after selling 35,917 shares during the quarter. Ultra Clean Holdings makes up approximately 0.7% of EAM Investors LLC’s investment portfolio, making the stock its 25th largest holding. EAM Investors LLC owned approximately 0.50% of Ultra Clean Holdings worth $5,126,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new stake in Ultra Clean Holdings during the 2nd quarter valued at approximately $2,993,000. Teachers Advisors LLC increased its position in Ultra Clean Holdings by 50.6% during the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock valued at $1,255,000 after purchasing an additional 25,004 shares during the period. Chicago Equity Partners LLC acquired a new stake in Ultra Clean Holdings during the 2nd quarter valued at approximately $1,860,000. Quantbot Technologies LP increased its position in Ultra Clean Holdings by 1,226.4% during the 2nd quarter. Quantbot Technologies LP now owns 20,944 shares of the semiconductor company’s stock valued at $392,000 after purchasing an additional 19,365 shares during the period. Finally, AHL Partners LLP acquired a new stake in shares of Ultra Clean Holdings during the 2nd quarter worth approximately $290,000. 74.84% of the stock is owned by institutional investors and hedge funds.
In other Ultra Clean Holdings news, Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total transaction of $229,500.00. Following the transaction, the director now directly owns 76,000 shares in the company, valued at approximately $1,744,200. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ronald D’ercole sold 1,457 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the transaction, the senior vice president now owns 69,233 shares in the company, valued at $2,109,529.51. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,560 shares of company stock worth $1,309,311. 2.60% of the stock is owned by company insiders.
Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). Ultra Clean Holdings had a return on equity of 29.77% and a net margin of 8.13%. The firm had revenue of $242.60 million during the quarter, compared to the consensus estimate of $239.11 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. Ultra Clean Holdings’s revenue for the quarter was up 65.9% on a year-over-year basis. analysts anticipate that Ultra Clean Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.
UCTT has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Needham & Company LLC raised their price objective on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. ValuEngine downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Craig Hallum raised their price objective on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company raised their price objective on shares of Ultra Clean Holdings from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.67.
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Ultra Clean Holdings Company Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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