Parametric Portfolio Associates LLC raised its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 87.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 95,622 shares of the semiconductor company’s stock after buying an additional 44,573 shares during the period. Parametric Portfolio Associates LLC owned 0.29% of Ultra Clean Holdings worth $1,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in Ultra Clean Holdings by 23.2% in the first quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock valued at $3,309,000 after buying an additional 36,964 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Ultra Clean Holdings during the first quarter valued at about $3,656,000. CAPROCK Group Inc. raised its stake in Ultra Clean Holdings by 48.7% in the first quarter. CAPROCK Group Inc. now owns 15,345 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 5,025 shares in the last quarter. Navellier & Associates Inc purchased a new stake in Ultra Clean Holdings during the first quarter valued at about $629,000. Finally, Highbridge Capital Management LLC purchased a new stake in Ultra Clean Holdings during the fourth quarter valued at about $269,000. 83.33% of the stock is currently owned by institutional investors.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded up 5.80% during mid-day trading on Friday, reaching $22.08. 1,009,204 shares of the company’s stock were exchanged. Ultra Clean Holdings, Inc. has a 52-week low of $6.24 and a 52-week high of $26.21. The firm has a market cap of $738.18 million, a P/E ratio of 15.98 and a beta of 1.19. The company has a 50 day moving average price of $21.67 and a 200 day moving average price of $18.30.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 25.19%. The firm had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. During the same period last year, the company posted $0.10 EPS. The company’s quarterly revenue was up 75.8% compared to the same quarter last year. Analysts forecast that Ultra Clean Holdings, Inc. will post $2.28 earnings per share for the current fiscal year.

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Several analysts recently issued reports on UCTT shares. Zacks Investment Research lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Needham & Company LLC increased their price target 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. BidaskClub upgraded shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Craig Hallum increased their price target 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, ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ultra Clean Holdings has a consensus rating of “Buy” and a consensus target price of $27.83.

In related news, Director Leonid Mezhvinsky sold 6,800 shares of the stock in a transaction dated Thursday, May 25th. The shares were 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 directly owns 33,500 shares in the company, valued at approximately $779,210. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sheri Brumm sold 20,512 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total transaction of $468,699.20. Following the completion of the transaction, the chief financial officer now owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,484 shares of company stock valued at $2,119,172. Corporate 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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