State Board of Administration of Florida Retirement System bought a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,712 shares of the semiconductor company’s stock, valued at approximately $420,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Ultra Clean Holdings by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,818,688 shares of the semiconductor company’s stock worth $52,850,000 after purchasing an additional 39,357 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Ultra Clean Holdings by 32.3% during the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares in the last quarter. State Street Corp increased its stake in shares of Ultra Clean Holdings by 14.0% during the second quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock worth $11,285,000 after purchasing an additional 74,084 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of Ultra Clean Holdings by 1,231.9% during the second quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock worth $8,982,000 after purchasing an additional 443,115 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Ultra Clean Holdings by 97,560.0% during the second quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock worth $8,295,000 after purchasing an additional 441,947 shares in the last quarter. 74.84% of the stock is owned by institutional investors and hedge funds.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) opened at $25.01 on Tuesday. Ultra Clean Holdings, Inc. has a one year low of $9.25 and a one year high of $34.59. The stock has a market cap of $841.02, a PE ratio of 11.73, a P/E/G ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.02). Ultra Clean Holdings had a net margin of 8.13% and a return on equity of 29.77%. The business had revenue of $242.60 million for the quarter, compared to analysts’ expectations of $239.11 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s revenue was up 65.9% on a year-over-year basis. equities analysts expect that Ultra Clean Holdings, Inc. will post 2.34 earnings per share for the current year.

A number of analysts have recently commented on the stock. Dougherty & Co boosted their target price on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Needham & Company LLC cut their target price on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. BidaskClub cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Cowen and Company set a $26.00 target price on shares of Ultra Clean Holdings and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $30.67.

In other news, Director David T. Ibnale sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the sale, the director now owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ronald D’ercole sold 1,457 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $30.47, for a total transaction of $44,394.79. Following the completion of the sale, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,560 shares of company stock valued at $1,309,311. 2.60% of the stock is owned by corporate insiders.

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Ultra Clean Holdings 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.

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

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