Allianz Asset Management GmbH raised its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 63.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 403,190 shares of the semiconductor company’s stock after buying an additional 156,319 shares during the quarter. Allianz Asset Management GmbH owned about 1.05% of Ultra Clean worth $9,310,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Ultra Clean during the 3rd quarter valued at $120,000. Cetera Advisors LLC acquired a new stake in Ultra Clean during the 3rd quarter valued at $234,000. Moors & Cabot Inc. acquired a new stake in Ultra Clean during the 3rd quarter valued at $248,000. Wedbush Securities Inc. acquired a new stake in Ultra Clean during the 4th quarter valued at $212,000. Finally, Sigma Planning Corp acquired a new stake in Ultra Clean during the 3rd quarter valued at $299,000. Hedge funds and other institutional investors own 68.73% of the company’s stock.
In other news, Director Clarence L. Granger sold 20,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $24.56, for a total transaction of $491,200.00. Following the sale, the director now owns 229,208 shares in the company, valued at $5,629,348.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James P. Scholhamer sold 29,949 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $27.05, for a total value of $810,120.45. Following the sale, the chief executive officer now owns 336,028 shares in the company, valued at approximately $9,089,557.40. The disclosure for this sale can be found here. Insiders have sold 107,227 shares of company stock worth $2,458,801 in the last 90 days. Insiders own 2.60% of the company’s stock.
Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ultra Clean had a return on equity of 29.62% and a net margin of 8.12%. The business had revenue of $248.89 million for the quarter, compared to analyst estimates of $248.73 million. During the same quarter last year, the business earned $0.36 EPS. Ultra Clean’s revenue for the quarter was up 42.6% compared to the same quarter last year. research analysts expect that Ultra Clean Holdings Inc will post 2.3 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Cowen reiterated a “hold” rating and set a $28.00 target price (down previously from $32.00) on shares of Ultra Clean in a report on Thursday, February 22nd. BidaskClub cut Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, December 20th. Finally, Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $31.33.
COPYRIGHT VIOLATION WARNING: “Allianz Asset Management GmbH Has $9.31 Million Holdings in Ultra Clean Holdings Inc (UCTT)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2018/03/13/allianz-asset-management-gmbh-has-9-31-million-holdings-in-ultra-clean-holdings-inc-uctt.html.
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.
Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings Inc (NASDAQ:UCTT).
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.