Intech Investment Management LLC Takes Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Intech Investment Management LLC bought a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,762 shares of the semiconductor company’s stock, valued at approximately $550,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 213 shares during the period. Signaturefd LLC boosted its position in shares of Ultra Clean by 465.5% in the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 661 shares in the last quarter. CWM LLC boosted its position in shares of Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 253 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Ultra Clean in the 2nd quarter worth approximately $41,000. Finally, nVerses Capital LLC bought a new position in Ultra Clean during the 2nd quarter valued at approximately $64,000. 96.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UCTT has been the topic of several analyst reports. TD Cowen dropped their target price on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC dropped their price target on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Oppenheimer started coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price objective for the company. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $57.75.

Ultra Clean Stock Up 2.7 %

Ultra Clean stock opened at $38.43 on Monday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 480.44 and a beta of 2.08. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 12 month low of $26.50 and a 12 month high of $56.47. The stock has a fifty day simple moving average of $37.00 and a two-hundred day simple moving average of $41.08.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $540.40 million during the quarter, compared to the consensus estimate of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. Ultra Clean’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the company earned ($0.03) EPS. Equities analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insider Activity

In other Ultra Clean news, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total value of $130,720.40. Following the completion of the sale, the insider now owns 18,805 shares of the company’s stock, valued at approximately $718,351. The trade was a 15.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Harjinder Bajwa bought 2,500 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were bought at an average price of $33.33 per share, with a total value of $83,325.00. Following the completion of the purchase, the chief operating officer now owns 29,291 shares in the company, valued at approximately $976,269.03. The trade was a 9.33 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 27,500 shares of company stock valued at $943,275 over the last three months. Insiders own 2.20% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.