SG Americas Securities LLC Takes Position in Ultra Clean Holdings, Inc. $UCTT

SG Americas Securities LLC purchased a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 12,568 shares of the semiconductor company’s stock, valued at approximately $342,000.

A number of other hedge funds have also bought and sold shares of UCTT. Frontier Capital Management Co. LLC boosted its holdings in Ultra Clean by 41.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,754,163 shares of the semiconductor company’s stock valued at $62,161,000 after purchasing an additional 808,277 shares during the period. Invesco Ltd. raised its position in shares of Ultra Clean by 13.8% in the second quarter. Invesco Ltd. now owns 1,913,576 shares of the semiconductor company’s stock valued at $43,189,000 after buying an additional 231,901 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Ultra Clean by 360.3% in the second quarter. BNP Paribas Financial Markets now owns 271,843 shares of the semiconductor company’s stock valued at $6,135,000 after buying an additional 212,791 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Ultra Clean during the second quarter worth approximately $4,347,000. Finally, Bank of New York Mellon Corp grew its position in Ultra Clean by 61.3% during the second quarter. Bank of New York Mellon Corp now owns 452,335 shares of the semiconductor company’s stock worth $10,209,000 after buying an additional 171,947 shares in the last quarter. 96.06% of the stock is owned by institutional investors.

Ultra Clean Stock Up 1.3%

UCTT stock opened at $44.05 on Tuesday. The firm has a 50-day moving average price of $29.87 and a 200-day moving average price of $27.19. Ultra Clean Holdings, Inc. has a 12 month low of $16.66 and a 12 month high of $47.80. The company has a current ratio of 3.21, a quick ratio of 1.91 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.00 billion, a P/E ratio of -12.34, a price-to-earnings-growth ratio of 1.28 and a beta of 1.95.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Tuesday, October 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. The company had revenue of $510.00 million for the quarter, compared to analyst estimates of $505.23 million. Ultra Clean had a negative net margin of 7.66% and a positive return on equity of 5.15%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. As a group, equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on UCTT shares. Oppenheimer reiterated an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. Needham & Company LLC boosted their price target on Ultra Clean from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. TD Cowen upped their price objective on shares of Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ultra Clean in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ultra Clean presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

Insider Activity

In other news, Director David T. Ibnale sold 23,500 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $26.63, for a total value of $625,805.00. Following the completion of the transaction, the director directly owned 45,241 shares in the company, valued at approximately $1,204,767.83. This represents a 34.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.90% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.