Ameriprise Financial Inc. purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 114,564 shares of the semiconductor company’s stock, valued at approximately $1,933,000. Ameriprise Financial Inc. owned 0.35% of Ultra Clean Holdings as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UCTT. State Board of Administration of Florida Retirement System increased its position in shares of Ultra Clean Holdings by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after buying an additional 69 shares during the period. Teachers Advisors LLC increased its position in shares of Ultra Clean Holdings by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock worth $479,000 after buying an additional 2,409 shares during the period. CAPROCK Group Inc. increased its position in shares of Ultra Clean Holdings by 48.7% in the first quarter. CAPROCK Group Inc. now owns 15,345 shares of the semiconductor company’s stock worth $259,000 after buying an additional 5,025 shares during the period. Allianz Asset Management AG acquired a new position in shares of Ultra Clean Holdings during the fourth quarter worth about $100,000. Finally, LSV Asset Management acquired a new position in shares of Ultra Clean Holdings during the first quarter worth about $293,000. 83.33% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Holdings, Inc. (UCTT) traded up 5.36% during midday trading on Monday, hitting $22.00. The stock had a trading volume of 1,225,371 shares. The company has a 50-day moving average price of $21.59 and a 200-day moving average price of $17.96. Ultra Clean Holdings, Inc. has a 12-month low of $5.94 and a 12-month high of $26.21. The company has a market cap of $735.50 million, a price-to-earnings ratio of 15.92 and a beta of 1.19.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to analyst estimates of $213.92 million. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. The business’s revenue was up 75.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS. Equities analysts anticipate that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current year.

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A number of brokerages recently issued reports on UCTT. Stifel Nicolaus upped their price target on Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, April 28th. Needham & Company LLC upped their price target on Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, April 27th. Zacks Investment Research raised Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, April 27th. ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Finally, BidaskClub raised Ultra Clean Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.83.

In other news, Director Leonid Mezhvinsky sold 6,800 shares of Ultra Clean Holdings stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $23.26, for a total value of $158,168.00. Following the completion of the transaction, the director now owns 33,500 shares in the company, valued at approximately $779,210. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Deborah E. Hayward sold 19,883 shares of Ultra Clean Holdings stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $20.76, for a total value of $412,771.08. Following the completion of the transaction, the insider now owns 68,574 shares of the company’s stock, valued at approximately $1,423,596.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,484 shares of company stock valued at $2,119,172. Insiders own 2.60% of the company’s stock.

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.

Institutional Ownership by Quarter for Ultra Clean Holdings (NASDAQ:UCTT)

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