Ultra Clean Holdings Inc. (UCTT) Position Held by Nationwide Fund Advisors
Nationwide Fund Advisors held its stake in shares of Ultra Clean Holdings Inc. (NASDAQ:UCTT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,118 shares of the company’s stock at the end of the third quarter. Nationwide Fund Advisors owned 0.61% of Ultra Clean Holdings worth $1,475,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the company. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Ultra Clean Holdings by 3.0% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,128,691 shares of the company’s stock valued at $8,364,000 after buying an additional 32,800 shares during the period. Algert Global LLC acquired a new stake in shares of Ultra Clean Holdings during the third quarter valued at $139,000. A.R.T. Advisors LLC acquired a new stake in shares of Ultra Clean Holdings during the second quarter valued at $131,000. Citadel Advisors LLC acquired a new stake in shares of Ultra Clean Holdings during the second quarter valued at $103,000. Finally, S Squared Technology LLC boosted its stake in shares of Ultra Clean Holdings by 19.5% in the second quarter. S Squared Technology LLC now owns 541,930 shares of the company’s stock valued at $3,084,000 after buying an additional 88,595 shares during the period. Institutional investors and hedge funds own 66.11% of the company’s stock.
Shares of Ultra Clean Holdings Inc. (NASDAQ:UCTT) traded down 0.59% during midday trading on Monday, hitting $10.16. 490,298 shares of the company traded hands. The stock has a 50 day moving average of $8.71 and a 200-day moving average of $6.92. The stock’s market capitalization is $332.82 million. Ultra Clean Holdings Inc. has a 52 week low of $4.50 and a 52 week high of $10.56.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The company earned $146.15 million during the quarter, compared to analyst estimates of $134.89 million. Ultra Clean Holdings had a negative net margin of 3.19% and a positive return on equity of 3.10%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. Equities analysts forecast that Ultra Clean Holdings Inc. will post $0.46 earnings per share for the current fiscal year.
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Several equities analysts have recently commented on UCTT shares. Standpoint Research cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Needham & Company LLC dropped their target price on shares of Ultra Clean Holdings from $10.00 to $8.50 and set a “buy” rating for the company in a research report on Thursday, October 27th. Dougherty & Co boosted their target price on shares of Ultra Clean Holdings from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Tuesday, October 25th. Finally, Zacks Investment Research upgraded shares of Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $8.00 target price for the company in a research report on Thursday, September 29th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ultra Clean Holdings has an average rating of “Buy” and a consensus target price of $8.25.
About Ultra Clean Holdings
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems. 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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