Icon Advisers Inc. Co. Has $2.04 Million Holdings in Ultra Clean Holdings, Inc. (UCTT)
Icon Advisers Inc. Co. trimmed its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 4.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,500 shares of the semiconductor company’s stock after selling 3,400 shares during the period. Icon Advisers Inc. Co. owned approximately 0.20% of Ultra Clean Holdings worth $2,036,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Ultra Clean Holdings during the third quarter worth about $120,000. Greenwood Capital Associates LLC acquired a new stake in Ultra Clean Holdings during the third quarter worth about $226,000. Legal & General Group Plc grew its stake in Ultra Clean Holdings by 4.2% during the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock worth $146,000 after buying an additional 314 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in Ultra Clean Holdings during the second quarter worth about $173,000. Finally, Sigma Planning Corp bought a new position in shares of Ultra Clean Holdings in the third quarter worth about $299,000. Hedge funds and other institutional investors own 74.84% of the company’s stock.
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) opened at $24.28 on Friday. The company has a market cap of $816.47, a PE ratio of 11.73, a PEG ratio of 0.69 and a beta of 1.11. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15. Ultra Clean Holdings, Inc. has a fifty-two week low of $9.25 and a fifty-two week high of $34.59.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The company had revenue of $242.60 million during the quarter, compared to the consensus estimate of $239.11 million. Ultra Clean Holdings had a return on equity of 28.77% and a net margin of 7.55%. The firm’s revenue was up 65.9% compared to the same quarter last year. During the same period last year, the company posted $0.17 EPS. equities research analysts forecast that Ultra Clean Holdings, Inc. will post 2.34 EPS for the current fiscal year.
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A number of research analysts have recently commented on the stock. Cowen Inc increased their target price on shares of Ultra Clean Holdings from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. ValuEngine cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Dougherty & Co increased their target price on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, October 24th. Zacks Investment Research cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Needham & Company LLC dropped their target price on shares of Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.67.
In related news, Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the transaction, the director now owns 76,000 shares in the company, valued at approximately $1,744,200. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Ronald D’ercole sold 5,202 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $24.49, for a total transaction of $127,396.98. Following the completion of the transaction, the senior vice president now owns 60,900 shares of the company’s stock, valued at approximately $1,491,441. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,560 shares of company stock valued at $1,309,311. 2.60% of the stock is 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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