TD Asset Management Inc. purchased a new stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 136,200 shares of the semiconductor company’s stock, valued at approximately $2,261,000. TD Asset Management Inc. owned about 0.35% of Ultra Clean at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UCTT. Baltimore Washington Financial Advisors Inc. grew its position in Ultra Clean by 16.1% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 49,515 shares of the semiconductor company’s stock valued at $822,000 after acquiring an additional 6,850 shares during the period. Aperio Group LLC bought a new stake in Ultra Clean in the second quarter valued at $205,000. State of New Jersey Common Pension Fund D grew its position in Ultra Clean by 16.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,520,000 shares of the semiconductor company’s stock valued at $25,232,000 after acquiring an additional 220,000 shares during the period. New Jersey Better Educational Savings Trust grew its position in Ultra Clean by 22.7% in the second quarter. New Jersey Better Educational Savings Trust now owns 27,000 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 5,000 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new stake in Ultra Clean in the second quarter valued at $150,000. Institutional investors and hedge funds own 85.94% of the company’s stock.

Ultra Clean stock opened at $13.68 on Friday. The firm has a market capitalization of $541.98 million, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 0.52 and a beta of 0.76. Ultra Clean Holdings Inc has a 52 week low of $12.75 and a 52 week high of $34.59.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $290.20 million during the quarter, compared to analyst estimates of $288.54 million. Ultra Clean had a return on equity of 24.73% and a net margin of 7.68%. Ultra Clean’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 EPS. sell-side analysts expect that Ultra Clean Holdings Inc will post 1.93 EPS for the current year.

A number of analysts have weighed in on the company. BidaskClub upgraded Ultra Clean from a “sell” rating to a “hold” rating in a research report on Saturday, August 4th. Zacks Investment Research lowered Ultra Clean from a “hold” rating to a “strong sell” rating in a research note on Friday, August 3rd. ValuEngine lowered Ultra Clean from a “sell” rating to a “strong sell” rating in a research note on Friday, May 18th. Needham & Company LLC reduced their price objective on Ultra Clean to $28.00 and set a “buy” rating on the stock in a research note on Thursday, April 26th. Finally, Stifel Nicolaus boosted their price objective on Ultra Clean from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, June 18th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Ultra Clean has an average rating of “Hold” and an average target price of $28.20.

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.

See Also: Fundamental Analysis

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

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