Gotham Asset Management LLC trimmed its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 62.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,840 shares of the semiconductor company’s stock after selling 29,125 shares during the period. Gotham Asset Management LLC’s holdings in Ultra Clean were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in UCTT. BlackRock Inc. lifted its stake in shares of Ultra Clean by 12.1% in the first quarter. BlackRock Inc. now owns 7,757,974 shares of the semiconductor company’s stock valued at $450,273,000 after buying an additional 840,392 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Ultra Clean by 167.2% during the first quarter. Nuveen Asset Management LLC now owns 704,130 shares of the semiconductor company’s stock valued at $40,867,000 after purchasing an additional 440,565 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Ultra Clean by 643.7% during the first quarter. Victory Capital Management Inc. now owns 215,046 shares of the semiconductor company’s stock valued at $12,481,000 after purchasing an additional 186,132 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Ultra Clean during the first quarter valued at about $9,073,000. Finally, Monarch Partners Asset Management LLC bought a new position in shares of Ultra Clean during the first quarter valued at about $5,725,000. 74.42% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Sheri Savage sold 22,334 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The shares were sold at an average price of $51.17, for a total value of $1,142,830.78. Following the completion of the sale, the chief financial officer now directly owns 133,995 shares in the company, valued at approximately $6,856,524.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jacqueline A. Seto sold 1,688 shares of the business’s stock in a transaction that occurred on Thursday, June 3rd. The stock was sold at an average price of $55.62, for a total transaction of $93,886.56. Following the completion of the sale, the director now owns 9,568 shares of the company’s stock, valued at $532,172.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,993 shares of company stock valued at $1,885,366. 2.20% of the stock is currently owned by company insiders.
Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Tuesday, April 27th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.07. Ultra Clean had a net margin of 6.23% and a return on equity of 22.63%. The business had revenue of $417.63 million during the quarter, compared to analyst estimates of $390.80 million. During the same period in the previous year, the business posted $0.52 earnings per share. Ultra Clean’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities analysts anticipate that Ultra Clean Holdings, Inc. will post 3.52 earnings per share for the current year.
UCTT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Wednesday, June 30th. DA Davidson raised their price objective on shares of Ultra Clean from $62.00 to $70.00 in a report on Tuesday, April 20th. Stifel Nicolaus raised their price objective on shares of Ultra Clean from $65.00 to $71.00 and gave the stock a “buy” rating in a report on Thursday, April 29th. Needham & Company LLC raised their price objective on shares of Ultra Clean from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, April 12th. Finally, Cowen raised their price objective on shares of Ultra Clean from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, April 14th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Ultra Clean currently has an average rating of “Buy” and a consensus target price of $60.67.
About Ultra Clean
Ultra Clean Holdings, Inc designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets 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; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.
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