Cubist Systematic Strategies LLC Sells 142,804 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Cubist Systematic Strategies LLC lessened its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 55.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 115,396 shares of the semiconductor company’s stock after selling 142,804 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.26% of Ultra Clean worth $4,148,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of Ultra Clean by 32.7% in the fourth quarter. Bank of America Corp DE now owns 161,828 shares of the semiconductor company’s stock worth $5,818,000 after buying an additional 39,879 shares in the last quarter. Algert Global LLC lifted its stake in Ultra Clean by 81.4% in the 4th quarter. Algert Global LLC now owns 154,320 shares of the semiconductor company’s stock worth $5,548,000 after purchasing an additional 69,256 shares in the last quarter. Comerica Bank boosted its holdings in shares of Ultra Clean by 25.3% during the 4th quarter. Comerica Bank now owns 107,686 shares of the semiconductor company’s stock valued at $3,871,000 after purchasing an additional 21,739 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Ultra Clean by 109.9% during the fourth quarter. AQR Capital Management LLC now owns 170,101 shares of the semiconductor company’s stock valued at $6,115,000 after purchasing an additional 89,051 shares in the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of Ultra Clean in the fourth quarter worth about $228,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $20.03 on Friday. The firm has a market capitalization of $904.33 million, a PE ratio of 250.41, a PEG ratio of 0.51 and a beta of 2.09. The stock’s fifty day moving average is $21.43 and its 200 day moving average is $31.09. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $56.47. 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 (NASDAQ:UCTT) last announced its earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $518.60 million during the quarter, compared to analysts’ expectations of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. On average, sell-side analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Activity

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. The trade was a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jamie J. Palfrey sold 9,500 shares of Ultra Clean stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total value of $182,400.00. Following the sale, the senior vice president now owns 30,465 shares of the company’s stock, valued at approximately $584,928. This trade represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UCTT. Needham & Company LLC cut their price target on Ultra Clean from $40.00 to $26.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Oppenheimer cut their target price on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 11th. StockNews.com downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Finally, TD Cowen dropped their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.00.

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.