Ultra Clean Holdings, Inc. $UCTT Stock Sold by Royce & Associates LP

Royce & Associates LP decreased its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 6.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 625,436 shares of the semiconductor company’s stock after selling 41,060 shares during the quarter. Royce & Associates LP owned about 1.30% of Ultra Clean worth $50,698,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in UCTT. BlackRock Inc. purchased a new stake in Ultra Clean in the 2nd quarter valued at $986,722,000. Aberdeen Group plc purchased a new position in shares of Ultra Clean during the 3rd quarter worth $203,381,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Ultra Clean during the 2nd quarter worth $86,723,000. Bank of America Corp DE acquired a new position in shares of Ultra Clean during the 2nd quarter valued at about $60,628,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Ultra Clean by 96.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 278,166 shares of the semiconductor company’s stock valued at $39,664,000 after acquiring an additional 136,732 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Trading Down 3.6%

NASDAQ:UCTT traded down $1.75 on Friday, reaching $46.35. The company’s stock had a trading volume of 699,142 shares, compared to its average volume of 1,586,380. Ultra Clean Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $144.22. The stock has a 50 day moving average price of $61.58 and a 200 day moving average price of $74.33. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 81.32, a price-to-earnings-growth ratio of 0.46 and a beta of 1.90. The company has a quick ratio of 1.28, a current ratio of 2.79 and a debt-to-equity ratio of 0.78.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. The business had revenue of $759.00 million during the quarter, compared to analysts’ expectations of $727.55 million. Ultra Clean had a return on equity of 12.00% and a net margin of 1.09%. The company’s revenue was up 48.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 EPS. On average, equities analysts anticipate that Ultra Clean Holdings, Inc. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their price objective on shares of Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Barclays initiated coverage on shares of Ultra Clean in a research note on Friday. They set an “equal weight” rating and a $65.00 target price on the stock. TD Cowen decreased their target price on shares of Ultra Clean from $140.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Needham & Company LLC dropped their price target on shares of Ultra Clean from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ultra Clean in a report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Ultra Clean currently has an average rating of “Moderate Buy” and a consensus price target of $107.00.

Ultra Clean Profile

Ultra Clean Holdings, Inc. (NASDAQ: UCTT) provides products and services used in the manufacture of semiconductor and other high-technology equipment. Its offerings include critical subsystems, components and assemblies, along with engineering and manufacturing services that help equipment makers design, build and support their systems. The company’s products include gas and chemical delivery systems, fluid and precision-engineered components, and assemblies made for use in demanding manufacturing environments.