Ameriprise Financial Inc. lessened its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 30.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 44,359 shares of the semiconductor company’s stock after selling 19,220 shares during the period. Ameriprise Financial Inc.’s holdings in Ultra Clean were worth $1,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UCTT. Schwab Charles Investment Management Inc. raised its holdings in Ultra Clean by 97.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 109,440 shares of the semiconductor company’s stock worth $2,052,000 after acquiring an additional 53,940 shares in the last quarter. Legal & General Group Plc raised its holdings in Ultra Clean by 4.2% during the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 314 shares in the last quarter. Prudential Financial Inc. raised its holdings in Ultra Clean by 1.7% during the second quarter. Prudential Financial Inc. now owns 313,110 shares of the semiconductor company’s stock worth $5,871,000 after acquiring an additional 5,150 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Ultra Clean during the second quarter worth approximately $228,000. Finally, Pacad Investment Ltd. acquired a new position in Ultra Clean during the second quarter worth approximately $173,000. Institutional investors and hedge funds own 75.48% of the company’s stock.

In other news, insider Deborah E. Hayward sold 13,872 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $32.48, for a total value of $450,562.56. Following the transaction, the insider now owns 61,702 shares of the company’s stock, valued at $2,004,080.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ronald D’ercole sold 5,202 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $24.49, for a total value of $127,396.98. Following the completion of the transaction, the senior vice president now directly owns 60,900 shares in the company, valued at approximately $1,491,441. The disclosure for this sale can be found here. Insiders sold 39,785 shares of company stock worth $1,037,188 in the last ninety days. 2.60% of the stock is owned by company insiders.

Ultra Clean Holdings Inc (NASDAQ:UCTT) opened at $22.54 on Wednesday. The firm has a market capitalization of $757.96, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 0.62 and a beta of 1.02. 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 12-month low of $11.42 and a 12-month high of $34.59.

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

UCTT has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target on Ultra Clean from $30.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 13th. Dougherty & Co boosted their price target on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Cowen boosted their price target on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Zacks Investment Research downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Ultra Clean has a consensus rating of “Buy” and a consensus target price of $31.50.

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Ultra Clean 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.

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

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