RMR Wealth Builders acquired a new position in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,400 shares of the semiconductor company’s stock, valued at approximately $54,000.
A number of other hedge funds have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its holdings in Ultra Clean by 1,153.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,141 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 1,050 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Ultra Clean during the first quarter valued at approximately $27,000. Cullen Frost Bankers Inc. acquired a new stake in Ultra Clean during the second quarter worth approximately $45,000. Truvestments Capital LLC acquired a new stake in Ultra Clean during the first quarter worth approximately $28,000. Finally, Private Capital Group LLC purchased a new stake in Ultra Clean in the 2nd quarter worth approximately $53,000. 84.11% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Sheri Savage sold 26,785 shares of Ultra Clean stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $30.05, for a total transaction of $804,889.25. Following the completion of the transaction, the chief financial officer now directly owns 117,459 shares of the company’s stock, valued at approximately $3,529,642.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joan Sterling sold 13,838 shares of Ultra Clean stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $30.22, for a total transaction of $418,184.36. Following the transaction, the senior vice president now directly owns 37,701 shares of the company’s stock, valued at $1,139,324.22. The disclosure for this sale can be found here. Insiders have sold 65,153 shares of company stock worth $1,961,394 over the last ninety days. Company insiders own 2.20% of the company’s stock.
Several research firms have recently issued reports on UCTT. ValuEngine cut Ultra Clean from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 9th. Stifel Nicolaus lifted their price target on Ultra Clean from $23.00 to $26.00 and gave the company a “hold” rating in a report on Thursday, July 30th. Craig Hallum lifted their price target on Ultra Clean from $35.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, July 30th. BidaskClub downgraded Ultra Clean from a “hold” rating to a “sell” rating in a report on Friday, September 11th. Finally, Zacks Investment Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Friday, July 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.00.
Shares of Ultra Clean stock traded up $1.34 on Wednesday, hitting $20.93. 53,233 shares of the company traded hands, compared to its average volume of 557,874. The company has a 50-day moving average price of $25.57 and a 200 day moving average price of $20.87. The company has a quick ratio of 1.64, a current ratio of 2.49 and a debt-to-equity ratio of 0.66. Ultra Clean Holdings Inc has a 12-month low of $11.79 and a 12-month high of $31.10. The company has a market cap of $791.44 million, a PE ratio of 41.64, a PEG ratio of 1.12 and a beta of 1.57.
Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.34. Ultra Clean had a return on equity of 14.79% and a net margin of 1.74%. The firm had revenue of $344.70 million during the quarter, compared to the consensus estimate of $265.90 million. During the same quarter in the prior year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. Equities research analysts anticipate that Ultra Clean Holdings Inc will post 2.14 EPS for the current year.
About Ultra Clean
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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