S Squared Technology LLC cut its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 38.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 211,927 shares of the semiconductor company’s stock after selling 135,000 shares during the period. Ultra Clean Holdings accounts for 3.3% of S Squared Technology LLC’s portfolio, making the stock its 10th largest position. S Squared Technology LLC owned approximately 0.64% of Ultra Clean Holdings worth $3,575,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the company. Allianz Asset Management AG acquired a new stake in shares of Ultra Clean Holdings during the fourth quarter valued at approximately $100,000. Greenwood Capital Associates LLC acquired a new stake in shares of Ultra Clean Holdings during the fourth quarter valued at approximately $104,000. State Board of Administration of Florida Retirement System boosted its stake in shares of Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 251 shares during the period. G2 Investment Partners Management LLC purchased a new stake in Ultra Clean Holdings during the third quarter worth about $167,000. Finally, Nordea Investment Management AB purchased a new stake in Ultra Clean Holdings during the first quarter worth about $204,000. 85.34% of the stock is owned by institutional investors and hedge funds.
Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded down 0.53% during trading on Friday, reaching $20.64. The company’s stock had a trading volume of 993,801 shares. The company has a market cap of $682.38 million, a P/E ratio of 25.26 and a beta of 1.13. The company’s 50 day moving average price is $22.15 and its 200 day moving average price is $15.37. Ultra Clean Holdings, Inc. has a 52 week low of $5.40 and a 52 week high of $26.21.
Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Wednesday, April 26th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Ultra Clean Holdings had a net margin of 4.22% and a return on equity of 17.24%. The business had revenue of $204.60 million during the quarter, compared to the consensus estimate of $192.61 million. The firm’s revenue for the quarter was up 82.4% compared to the same quarter last year. On average, equities analysts anticipate that Ultra Clean Holdings, Inc. will post $1.72 earnings per share for the current fiscal year.
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A number of research firms recently issued reports on UCTT. ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday. Cowen and Company began coverage on Ultra Clean Holdings in a research report on Thursday. They set a “market perform” rating and a $26.00 price objective for the company. Stifel Nicolaus lifted their price objective on Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Needham & Company LLC lifted their price objective on Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Finally, Zacks Investment Research raised Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Thursday, April 27th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $19.10.
In related news, SVP Deborah E. Hayward sold 7,912 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $16.58, for a total value of $131,180.96. Following the completion of the sale, the senior vice president now directly owns 76,919 shares in the company, valued at approximately $1,275,317.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Speirs sold 44,129 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $15.11, for a total transaction of $666,789.19. Following the completion of the transaction, the senior vice president now directly owns 147,920 shares in the company, valued at $2,235,071.20. The disclosure for this sale can be found here. Insiders sold a total of 131,954 shares of company stock valued at $2,562,023 over the last quarter. 2.60% of the stock is currently owned by company insiders.
Ultra Clean Holdings Company Profile
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.
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