OxFORD Asset Management LLP Purchases New Holdings in Ultra Clean Holdings, Inc. (UCTT)
OxFORD Asset Management LLP purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 148,809 shares of the semiconductor company’s stock, valued at approximately $2,790,000. OxFORD Asset Management LLP owned approximately 0.45% of Ultra Clean Holdings as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Legal & General Group Plc boosted its holdings in shares of Ultra Clean Holdings by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of Ultra Clean Holdings during the second quarter valued at about $173,000. Nordea Investment Management AB purchased a new position in shares of Ultra Clean Holdings during the first quarter valued at about $204,000. State Board of Administration of Florida Retirement System grew its position in shares of Ultra Clean Holdings by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 69 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Ultra Clean Holdings during the second quarter valued at about $228,000. Institutional investors and hedge funds own 77.64% of the company’s stock.
Shares of Ultra Clean Holdings, Inc. (UCTT) opened at 30.73 on Wednesday. The stock has a market capitalization of $1.03 billion, a PE ratio of 22.24 and a beta of 1.30. The stock’s 50 day moving average is $25.30 and its 200 day moving average is $21.57. Ultra Clean Holdings, Inc. has a 12 month low of $7.06 and a 12 month high of $32.32.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The company had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. During the same quarter in the prior year, the company earned $0.10 EPS. Ultra Clean Holdings’s revenue was up 75.8% compared to the same quarter last year. Analysts anticipate that Ultra Clean Holdings, Inc. will post $2.29 earnings per share for the current fiscal year.
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In other news, SVP Ronald D’ercole sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the sale, the senior vice president now directly owns 69,233 shares in the company, valued at $2,109,529.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sheri Brumm sold 20,512 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the completion of the sale, the chief financial officer now owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,119 shares of company stock valued at $1,203,079. 2.60% of the stock is owned by insiders.
A number of research firms recently commented on UCTT. BidaskClub downgraded Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Needham & Company LLC increased their price target on Ultra Clean Holdings from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Cowen and Company set a $26.00 price target on Ultra Clean Holdings and gave the company a “hold” rating in a report on Friday, July 28th. Dougherty & Co raised their price target on Ultra Clean Holdings from $29.50 to $32.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, ValuEngine raised Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.83.
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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