Icon Advisers Inc. Co. purchased a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 69,900 shares of the semiconductor company’s stock, valued at approximately $1,311,000. Icon Advisers Inc. Co. owned about 0.21% of Ultra Clean Holdings at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UCTT. Dimensional Fund Advisors LP boosted its position in shares of Ultra Clean Holdings by 21.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,779,331 shares of the semiconductor company’s stock valued at $46,886,000 after purchasing an additional 488,054 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ultra Clean Holdings by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,237,230 shares of the semiconductor company’s stock valued at $20,872,000 after purchasing an additional 20,987 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of Ultra Clean Holdings by 1,231.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock valued at $8,982,000 after purchasing an additional 443,115 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Ultra Clean Holdings by 97,560.0% during the 2nd quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock valued at $8,295,000 after purchasing an additional 441,947 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in shares of Ultra Clean Holdings during the 1st quarter valued at about $6,748,000. Hedge funds and other institutional investors own 77.68% of the company’s stock.

Several equities research analysts recently commented on the company. BidaskClub lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Dougherty & Co upped their target price on Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Craig Hallum upped their target price on Ultra Clean Holdings from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Needham & Company LLC upped their target price on Ultra Clean Holdings from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Four 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 stock. Ultra Clean Holdings presently has a consensus rating of “Buy” and an average price target of $27.83.

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In related news, SVP David Speirs sold 19,029 shares of the business’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the transaction, the senior vice president now owns 100,879 shares in the company, valued at approximately $2,425,131.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Roy Henderson sold 10,425 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $21.00, for a total value of $218,925.00. Following the transaction, the senior vice president now owns 43,272 shares in the company, valued at approximately $908,712. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,087 shares of company stock worth $1,377,609. 2.60% of the stock is owned by company insiders.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) opened at 26.96 on Friday. Ultra Clean Holdings, Inc. has a 12 month low of $6.79 and a 12 month high of $26.98. The company has a market cap of $901.33 million, a price-to-earnings ratio of 19.51 and a beta of 1.22. The company’s 50 day moving average price is $23.03 and its 200 day moving average price is $20.21.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. The company had revenue of $228.26 million for the quarter, compared to the consensus estimate of $213.92 million. During the same quarter in the previous year, the business earned $0.10 EPS. Ultra Clean Holdings’s revenue was up 75.8% compared to the same quarter last year. On average, equities analysts expect that Ultra Clean Holdings, Inc. will post $2.29 EPS for the current fiscal year.

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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