Engineers Gate Manager LP acquired a new position in Ultra Clean Holdings Inc (NASDAQ:UCTT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 90,817 shares of the semiconductor company’s stock, valued at approximately $1,140,000. Engineers Gate Manager LP owned about 0.23% of Ultra Clean as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Guggenheim Capital LLC boosted its position in Ultra Clean by 119.8% during the first quarter. Guggenheim Capital LLC now owns 32,480 shares of the semiconductor company’s stock worth $626,000 after purchasing an additional 17,700 shares during the period. Baltimore Washington Financial Advisors Inc. boosted its position in Ultra Clean by 16.1% during the second quarter. Baltimore Washington Financial Advisors Inc. now owns 49,515 shares of the semiconductor company’s stock worth $822,000 after purchasing an additional 6,850 shares during the period. Mackay Shields LLC boosted its position in Ultra Clean by 2,262.5% during the second quarter. Mackay Shields LLC now owns 245,700 shares of the semiconductor company’s stock worth $4,079,000 after purchasing an additional 235,300 shares during the period. BlackRock Inc. boosted its position in Ultra Clean by 10.8% during the second quarter. BlackRock Inc. now owns 5,570,011 shares of the semiconductor company’s stock worth $92,462,000 after purchasing an additional 542,728 shares during the period. Finally, SG Americas Securities LLC boosted its position in Ultra Clean by 76.0% during the second quarter. SG Americas Securities LLC now owns 32,226 shares of the semiconductor company’s stock worth $535,000 after purchasing an additional 13,917 shares during the period. Hedge funds and other institutional investors own 82.88% of the company’s stock.
UCTT opened at $9.49 on Friday. Ultra Clean Holdings Inc has a 1-year low of $9.17 and a 1-year high of $27.20. The company has a market capitalization of $448.53 million, a PE ratio of 4.06, a price-to-earnings-growth ratio of 0.44 and a beta of 0.76.
Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Ultra Clean had a return on equity of 20.53% and a net margin of 5.38%. The company had revenue of $234.08 million during the quarter, compared to analysts’ expectations of $224.06 million. During the same period in the prior year, the business earned $0.62 earnings per share. Ultra Clean’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Ultra Clean Holdings Inc will post 1.87 EPS for the current fiscal year.
UCTT has been the subject of a number of recent analyst reports. BidaskClub cut Ultra Clean from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. Zacks Investment Research cut Ultra Clean from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Standpoint Research raised Ultra Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Cowen decreased their target price on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating for the company in a research report on Tuesday, September 18th. Finally, TheStreet cut Ultra Clean from a “b-” rating to a “c+” rating in a research report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $23.20.
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.
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