State Street Corp raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 14.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 601,912 shares of the semiconductor company’s stock after buying an additional 74,084 shares during the period. State Street Corp owned about 1.80% of Ultra Clean worth $11,285,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Gotham Asset Management LLC boosted its stake in shares of Ultra Clean by 175.0% during the 2nd quarter. Gotham Asset Management LLC now owns 82,685 shares of the semiconductor company’s stock valued at $1,550,000 after buying an additional 52,621 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Ultra Clean by 44.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 196,730 shares of the semiconductor company’s stock valued at $3,687,000 after buying an additional 60,700 shares during the period. AHL Partners LLP acquired a new stake in shares of Ultra Clean during the 2nd quarter valued at $290,000. Goldman Sachs Group Inc. boosted its stake in shares of Ultra Clean by 1.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 102,131 shares of the semiconductor company’s stock valued at $1,915,000 after buying an additional 1,618 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Ultra Clean during the 2nd quarter valued at $758,000. 74.84% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine raised shares of Ultra Clean from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Needham & Company LLC decreased their target price on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Cowen Inc lifted their price objective on shares of Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.67.

Shares of Ultra Clean Holdings, Inc. (UCTT) opened at $24.78 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.06 and a debt-to-equity ratio of 0.15. Ultra Clean Holdings, Inc. has a 52 week low of $9.25 and a 52 week high of $34.59. The stock has a market cap of $833.28, a price-to-earnings ratio of 11.97, a P/E/G ratio of 0.71 and a beta of 1.11.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.02). Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The business had revenue of $242.60 million during the quarter, compared to analyst estimates of $239.11 million. During the same period in the previous year, the firm posted $0.17 EPS. The firm’s revenue for the quarter was up 65.9% on a year-over-year basis. research analysts forecast that Ultra Clean Holdings, Inc. will post 2.34 earnings per share for the current year.

In other Ultra Clean news, Director David T. Ibnale sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total transaction of $229,500.00. Following the completion of the transaction, the director now owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David Speirs sold 19,029 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total transaction of $457,457.16. Following the transaction, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at approximately $2,425,131.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,560 shares of company stock valued at $1,309,311. 2.60% of the stock is owned by company insiders.

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About Ultra Clean

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

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