PNC Financial Services Group Inc. boosted its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 36.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 15,809 shares of the semiconductor company’s stock after purchasing an additional 4,225 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ultra Clean were worth $263,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in UCTT. BlackRock Inc. grew its position in Ultra Clean by 121.7% during the 1st quarter. BlackRock Inc. now owns 5,027,283 shares of the semiconductor company’s stock worth $96,775,000 after purchasing an additional 2,760,086 shares during the period. Rubric Capital Management LP acquired a new stake in Ultra Clean during the 1st quarter worth about $15,110,000. Paradigm Capital Management Inc. NY grew its position in Ultra Clean by 93.2% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,189,200 shares of the semiconductor company’s stock worth $19,741,000 after purchasing an additional 573,746 shares during the period. Dimensional Fund Advisors LP grew its position in Ultra Clean by 16.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,745,093 shares of the semiconductor company’s stock worth $45,568,000 after purchasing an additional 386,908 shares during the period. Finally, Westfield Capital Management Co. LP grew its position in Ultra Clean by 63.1% during the 1st quarter. Westfield Capital Management Co. LP now owns 805,616 shares of the semiconductor company’s stock worth $15,508,000 after purchasing an additional 311,541 shares during the period. 82.82% of the stock is currently owned by institutional investors.

NASDAQ:UCTT opened at $12.47 on Friday. Ultra Clean Holdings Inc has a 52 week low of $12.28 and a 52 week high of $34.59. The stock has a market cap of $489.42 million, a PE ratio of 5.33, a price-to-earnings-growth ratio of 0.84 and a beta of 0.78.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). Ultra Clean had a net margin of 7.68% and a return on equity of 24.73%. The business had revenue of $290.20 million for the quarter, compared to analyst estimates of $288.54 million. During the same quarter last year, the business earned $0.59 earnings per share. Ultra Clean’s revenue was up 27.1% on a year-over-year basis. analysts predict that Ultra Clean Holdings Inc will post 1.88 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. BidaskClub downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research report on Friday. Cowen cut their price target on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th. Standpoint Research raised Ultra Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research downgraded Ultra Clean from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Finally, Stifel Nicolaus increased their price target on Ultra Clean from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, June 18th. Three analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $27.20.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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

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