Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Bought by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC grew its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 35.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the semiconductor company’s stock after acquiring an additional 5,000 shares during the period. Alpine Woods Capital Investors LLC owned about 0.06% of Ultra Clean worth $582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. ClariVest Asset Management LLC lifted its stake in shares of Ultra Clean by 1,231.9% during the 2nd quarter. ClariVest Asset Management LLC now owns 479,084 shares of the semiconductor company’s stock valued at $8,982,000 after buying an additional 443,115 shares in the last quarter. Bank of Montreal Can lifted its stake in Ultra Clean by 97,560.0% in the 2nd quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock worth $8,295,000 after purchasing an additional 441,947 shares in the last quarter. Vanguard Group Inc. lifted its stake in Ultra Clean by 32.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares in the last quarter. Nordea Investment Management AB lifted its stake in Ultra Clean by 2,868.6% in the 2nd quarter. Nordea Investment Management AB now owns 359,200 shares of the semiconductor company’s stock worth $6,735,000 after purchasing an additional 347,100 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in Ultra Clean in the 2nd quarter worth $5,381,000. 75.74% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on UCTT. Stifel Nicolaus upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Monday. Zacks Investment Research downgraded shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Needham & Company LLC dropped their target price on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. ValuEngine downgraded shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Cowen upped their target price on shares of Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ultra Clean currently has an average rating of “Buy” and an average price target of $31.83.

Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded up $0.51 during trading hours on Thursday, reaching $21.16. 1,100,301 shares of the company were exchanged, compared to its average volume of 1,003,441. Ultra Clean Holdings, Inc. has a 12 month low of $9.42 and a 12 month high of $34.59. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.06 and a quick ratio of 1.09. The stock has a market capitalization of $702.81, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The firm had revenue of $242.60 million for the quarter, compared to analysts’ expectations of $239.11 million. Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The company’s revenue was up 65.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 EPS. equities analysts anticipate that Ultra Clean Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.

In other Ultra Clean news, SVP Joan Sterling sold 5,202 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $24.04, for a total value of $125,056.08. Following the completion of the transaction, the senior vice president now owns 64,932 shares of the company’s stock, valued at $1,560,965.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Ronald D’ercole sold 1,457 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $30.47, for a total transaction of $44,394.79. Following the completion of the sale, the senior vice president now owns 69,233 shares in the company, valued at approximately $2,109,529.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,762 shares of company stock valued at $1,204,868. Corporate insiders own 2.60% of the company’s stock.

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About Ultra Clean

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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