JPMorgan Chase & Co. raised its stake in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 2.2% in the 1st quarter, HoldingsChannel reports. The fund owned 736,666 shares of the semiconductor company’s stock after purchasing an additional 15,784 shares during the period. JPMorgan Chase & Co.’s holdings in Ultra Clean were worth $7,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC grew its position in shares of Ultra Clean by 61.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,879,990 shares of the semiconductor company’s stock valued at $19,458,000 after buying an additional 713,277 shares during the last quarter. Delta Investment Management LLC bought a new stake in shares of Ultra Clean during the 1st quarter valued at about $103,000. Texas Permanent School Fund grew its position in shares of Ultra Clean by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 26,490 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 960 shares during the last quarter. Comerica Bank grew its position in shares of Ultra Clean by 3.3% during the 1st quarter. Comerica Bank now owns 38,872 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 1,249 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Ultra Clean by 0.8% during the 1st quarter. Rhumbline Advisers now owns 113,955 shares of the semiconductor company’s stock valued at $1,179,000 after buying an additional 857 shares during the last quarter. Institutional investors own 91.25% of the company’s stock.

Shares of NASDAQ:UCTT opened at $13.67 on Wednesday. The company has a market capitalization of $537.70 million, a PE ratio of 8.23, a P/E/G ratio of 1.12 and a beta of 1.07. Ultra Clean Holdings Inc has a twelve month low of $6.94 and a twelve month high of $17.83. The company has a quick ratio of 1.88, a current ratio of 3.03 and a debt-to-equity ratio of 0.78.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $260.00 million during the quarter, compared to analyst estimates of $240.71 million. Ultra Clean had a net margin of 1.20% and a return on equity of 11.20%. The business’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. Equities analysts forecast that Ultra Clean Holdings Inc will post 0.86 earnings per share for the current year.

In related news, Director Clarence L. Granger purchased 22,000 shares of Ultra Clean stock in a transaction dated Tuesday, May 7th. The stock was bought at an average cost of $14.11 per share, with a total value of $310,420.00. Following the purchase, the director now owns 127,098 shares in the company, valued at approximately $1,793,352.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Joan Sterling sold 38,384 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $13.49, for a total transaction of $517,800.16. Following the completion of the sale, the senior vice president now directly owns 45,518 shares of the company’s stock, valued at $614,037.82. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Saturday, March 9th. Dougherty & Co reissued a “buy” rating and set a $18.50 target price (up from $17.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Cowen reissued an “outperform” rating and set a $20.00 target price (up from $16.00) on shares of Ultra Clean in a research note on Friday, May 3rd. Craig Hallum raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Monday, March 11th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Monday, April 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.70.

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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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