Alpine Woods Capital Investors LLC purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 14,000 shares of the semiconductor company’s stock, valued at approximately $263,000.

Other institutional investors have also modified their holdings of the company. Greenwood Capital Associates LLC raised its position in shares of Ultra Clean Holdings by 3.1% in the first quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock valued at $187,000 after buying an additional 334 shares during the period. Nordea Investment Management AB acquired a new position in shares of Ultra Clean Holdings during the first quarter valued at about $204,000. NN Investment Partners Holdings N.V. acquired a new position in shares of Ultra Clean Holdings during the second quarter valued at about $236,000. State Board of Administration of Florida Retirement System raised 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 valued at $213,000 after buying an additional 69 shares during the period. Finally, CAPROCK Group Inc. raised 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 valued at $259,000 after buying an additional 5,025 shares during the period. 83.09% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Holdings, Inc. (UCTT) opened at 23.25 on Friday. Ultra Clean Holdings, Inc. has a 12 month low of $6.58 and a 12 month high of $26.21. The stock’s 50 day moving average price is $22.21 and its 200-day moving average price is $18.75. The firm has a market capitalization of $777.29 million, a price-to-earnings ratio of 16.82 and a beta of 1.19.

Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. The firm’s revenue for the quarter was up 75.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS. Equities analysts anticipate that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current fiscal year.

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UCTT has been the topic of a number of research reports. BidaskClub lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC upped their target price on Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Cowen and Company set a $26.00 target price on Ultra Clean Holdings and gave the stock a “hold” rating in a research report on Friday, July 28th. Dougherty & Co upped their target price on Ultra Clean Holdings from $29.50 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Craig Hallum upped their target price on Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Four analysts have rated the stock with a hold rating, four have issued 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 an average price target of $27.83.

In other Ultra Clean Holdings news, SVP Mark Bingaman sold 36,743 shares of Ultra Clean Holdings stock in a transaction on Monday, June 5th. The stock was sold at an average price of $23.34, for a total transaction of $857,581.62. Following the completion of the transaction, the senior vice president now owns 76,670 shares in the company, valued at $1,789,477.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the transaction, the chief financial officer now owns 170,939 shares of the company’s stock, valued at approximately $3,905,956.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,484 shares of company stock valued at $2,119,172. 2.60% of the stock is currently owned by company insiders.

About Ultra Clean Holdings

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

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