Globeflex Capital L P lifted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,290 shares of the semiconductor company’s stock after purchasing an additional 2,674 shares during the period. Globeflex Capital L P owned 0.12% of Ultra Clean worth $1,058,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Pathstone Family Office LLC grew its stake in Ultra Clean by 19,785.7% in the 3rd quarter. Pathstone Family Office LLC now owns 2,784 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 2,770 shares in the last quarter. FCA Corp TX purchased a new stake in Ultra Clean during the 3rd quarter worth about $1,040,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Ultra Clean during the 3rd quarter worth about $4,853,000. Navellier & Associates Inc increased its position in Ultra Clean by 15.1% during the 3rd quarter. Navellier & Associates Inc now owns 59,700 shares of the semiconductor company’s stock worth $1,281,000 after purchasing an additional 7,842 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in Ultra Clean during the 3rd quarter worth about $836,000. Institutional investors and hedge funds own 84.11% of the company’s stock.
Shares of UCTT stock opened at $30.85 on Monday. The stock has a 50 day moving average of $25.18 and a two-hundred day moving average of $23.52. The company has a current ratio of 2.49, a quick ratio of 1.64 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 $31.68. The company has a market capitalization of $1.25 billion, a P/E ratio of 61.70, a P/E/G ratio of 1.41 and a beta of 1.57.
Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 28th. The semiconductor company reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.15. The business had revenue of $363.28 million during the quarter, compared to the consensus estimate of $340.30 million. Ultra Clean had a return on equity of 14.79% and a net margin of 1.74%. Sell-side analysts predict that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.
A number of analysts recently commented on UCTT shares. Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Sunday, September 20th. BidaskClub upgraded Ultra Clean from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. ValuEngine upgraded Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Saturday, November 21st. Finally, DA Davidson assumed coverage on Ultra Clean in a report on Thursday, October 15th. They issued a “buy” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $31.67.
In other Ultra Clean news, insider William Joe Williams sold 3,531 shares of the stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $22.81, for a total value of $80,542.11. Following the transaction, the insider now directly owns 58,901 shares in the company, valued at $1,343,531.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.20% of the company’s stock.
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 in the United States and internationally. The company provides subsystems, such as wafer cleaning modules; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; frame assemblies, a support structures fabricated from steel tubing or folded sheet metal; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.
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