Morgan Stanley boosted its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 260,460 shares of the semiconductor company’s stock after buying an additional 29,236 shares during the period. Morgan Stanley’s holdings in Ultra Clean Holdings were worth $4,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Ultra Clean Holdings by 21.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,779,331 shares of the semiconductor company’s stock valued at $46,886,000 after buying an additional 488,054 shares during the period. Geode Capital Management LLC raised its position in Ultra Clean Holdings by 39.1% in the first quarter. Geode Capital Management LLC now owns 326,599 shares of the semiconductor company’s stock worth $5,508,000 after buying an additional 91,748 shares during the last quarter. Vanguard Group Inc. raised its position in Ultra Clean Holdings by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,237,230 shares of the semiconductor company’s stock worth $20,872,000 after buying an additional 20,987 shares during the last quarter. Bogle Investment Management L P DE raised its position in Ultra Clean Holdings by 185.0% in the first quarter. Bogle Investment Management L P DE now owns 356,642 shares of the semiconductor company’s stock worth $6,016,000 after buying an additional 231,492 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in Ultra Clean Holdings by 23.2% in the first quarter. TIAA CREF Investment Management LLC now owns 125,913 shares of the semiconductor company’s stock worth $2,124,000 after buying an additional 23,740 shares during the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded up 5.80% during midday trading on Friday, reaching $22.08. The company’s stock had a trading volume of 1,010,705 shares. The firm has a market cap of $738.18 million, a P/E ratio of 15.98 and a beta of 1.19. Ultra Clean Holdings, Inc. has a one year low of $6.43 and a one year high of $26.21. The firm has a 50 day moving average price of $21.71 and a 200 day moving average price of $18.37.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to the consensus estimate of $213.92 million. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. Ultra Clean Holdings’s quarterly revenue was up 75.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Equities research analysts forecast that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current fiscal year.

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UCTT has been the subject of a number of analyst reports. ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Thursday, April 27th. Stifel Nicolaus raised their price target on Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, July 10th. BidaskClub raised Ultra Clean Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Needham & Company LLC increased their price objective on Ultra Clean Holdings from $18.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $27.83.

In other Ultra Clean Holdings news, insider Deborah E. Hayward sold 19,883 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $20.76, for a total value of $412,771.08. Following the sale, the insider now owns 68,574 shares in the company, valued at approximately $1,423,596.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Sheri Brumm sold 20,512 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total transaction of $468,699.20. Following the completion of the sale, the chief financial officer now owns 170,939 shares in the company, valued at approximately $3,905,956.15. The disclosure for this sale can be found here. Insiders sold a total of 94,484 shares of company stock valued at $2,119,172 in the last ninety days. 2.60% of the stock is currently owned by insiders.

About Ultra Clean Holdings

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

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