Wells Fargo & Company MN increased its position in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 981.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 347,374 shares of the semiconductor company’s stock after purchasing an additional 315,266 shares during the period. Wells Fargo & Company MN owned approximately 1.04% of Ultra Clean worth $10,637,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of UCTT. Legal & General Group Plc lifted its stake in Ultra Clean by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after acquiring an additional 314 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Ultra Clean by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock valued at $496,000 after acquiring an additional 454 shares in the last quarter. California Public Employees Retirement System lifted its stake in Ultra Clean by 1.3% during the 2nd quarter. California Public Employees Retirement System now owns 105,800 shares of the semiconductor company’s stock valued at $1,984,000 after acquiring an additional 1,400 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 acquiring an additional 1,618 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY lifted its stake in Ultra Clean by 1.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 252,115 shares of the semiconductor company’s stock valued at $4,727,000 after acquiring an additional 2,815 shares in the last quarter. Institutional investors own 75.48% of the company’s stock.

Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) opened at $21.14 on Wednesday. Ultra Clean Holdings Inc has a twelve month low of $9.42 and a twelve month high of $34.59. The firm has a market capitalization of $736.78, a PE ratio of 11.24, a P/E/G ratio of 0.62 and a beta of 1.02. 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 (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.02). Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The firm had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. During the same period last year, the business posted $0.17 EPS. The company’s revenue was up 65.9% compared to the same quarter last year. analysts forecast that Ultra Clean Holdings Inc will post 2.34 earnings per share for the current year.

Several equities research analysts have recently issued reports on the company. Cowen raised their target price on Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. ValuEngine lowered Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Dougherty & Co raised their target price on Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Needham & Company LLC decreased their target price on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $31.17.

In other Ultra Clean news, Director David T. Ibnale sold 12,500 shares of Ultra Clean stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $21.58, for a total transaction of $269,750.00. Following the completion of the transaction, the director now owns 63,500 shares of the company’s stock, valued at approximately $1,370,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ronald D’ercole sold 1,457 shares of Ultra Clean stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the transaction, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The disclosure for this sale can be found here. In the last three months, insiders sold 38,233 shares of company stock valued at $1,017,160. 2.60% of the stock is currently owned by insiders.

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Ultra Clean Company Profile

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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