Sigma Planning Corp acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,750 shares of the semiconductor company’s stock, valued at approximately $299,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanctuary Wealth Advisors LLC bought a new stake in shares of Ultra Clean Holdings during the 3rd quarter worth $3,843,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Ultra Clean Holdings during the 3rd quarter worth $613,000. Paradigm Capital Management Inc. NY boosted its position in shares of Ultra Clean Holdings by 35.7% in the third quarter. Paradigm Capital Management Inc. NY now owns 342,100 shares of the semiconductor company’s stock worth $10,475,000 after buying an additional 89,985 shares during the period. Sei Investments Co. acquired a new stake in shares of Ultra Clean Holdings in the third quarter worth $354,000. Finally, Alps Advisors Inc. acquired a new stake in shares of Ultra Clean Holdings in the third quarter worth $600,000. 75.67% of the stock is owned by institutional investors and hedge funds.

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Several analysts have recently commented on UCTT shares. 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. Needham & Company LLC raised 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. Craig Hallum raised 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. Dougherty & Co raised 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, ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.67.

In related news, SVP Ronald D’ercole sold 5,202 shares of Ultra Clean Holdings stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $24.49, for a total transaction of $127,396.98. Following the completion of the sale, the senior vice president now owns 60,900 shares of the company’s stock, valued at $1,491,441. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David Speirs sold 19,029 shares of Ultra Clean Holdings stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $24.04, for a total value of $457,457.16. Following the sale, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at approximately $2,425,131.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,560 shares of company stock valued at $1,309,311. Insiders own 2.60% of the company’s stock.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded down $0.29 during trading on Friday, hitting $24.29. The stock had a trading volume of 976,484 shares, compared to its average volume of 982,691. The firm has a market capitalization of $826.56, a PE ratio of 11.57, a PEG ratio of 0.68 and a beta of 1.11. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15. Ultra Clean Holdings, Inc. has a 1-year low of $9.25 and a 1-year high of $34.59.

Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The firm had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean Holdings had a net margin of 7.55% and a return on equity of 28.77%. Ultra Clean Holdings’s revenue for the quarter was up 65.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. research analysts anticipate that Ultra Clean Holdings, Inc. will post 2.34 earnings per share 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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