Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by PDT Partners LLC

PDT Partners LLC lessened its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 63.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,813 shares of the semiconductor company’s stock after selling 14,993 shares during the quarter. PDT Partners LLC’s holdings in Ultra Clean were worth $317,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UCTT. Headlands Technologies LLC acquired a new stake in shares of Ultra Clean during the fourth quarter valued at about $26,000. Nisa Investment Advisors LLC grew its position in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after buying an additional 490 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after buying an additional 854 shares in the last quarter. Quarry LP increased its stake in shares of Ultra Clean by 58.1% in the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company’s stock worth $69,000 after buying an additional 703 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Ultra Clean by 139.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 1,386 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research note on Wednesday. Needham & Company LLC lowered their price objective on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday. Oppenheimer dropped their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Finally, TD Cowen lowered their price target on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, Ultra Clean presently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

Insider Activity

In other Ultra Clean news, insider Bill Bentinck bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the acquisition, the insider now directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ernest E. Maddock bought 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at $267,190. This represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

Ultra Clean Trading Up 8.2 %

Shares of UCTT stock opened at $20.17 on Friday. The firm has a market capitalization of $910.31 million, a PE ratio of 252.16, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The stock has a fifty day moving average of $21.93 and a two-hundred day moving average of $31.68.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company had revenue of $518.60 million during the quarter, compared to the consensus estimate of $526.13 million. During the same quarter last year, the business earned $0.27 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

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.