Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. trimmed its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,400 shares of the semiconductor company’s stock after selling 542 shares during the quarter. Macquarie Group Ltd. owned approximately 0.08% of Ultra Clean worth $1,003,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC grew its stake in Ultra Clean by 68.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 26,463 shares of the semiconductor company’s stock valued at $681,000 after acquiring an additional 10,721 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Ultra Clean by 248.5% during the 3rd quarter. Renaissance Technologies LLC now owns 211,900 shares of the semiconductor company’s stock worth $5,456,000 after purchasing an additional 151,100 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Ultra Clean by 4.3% during the 3rd quarter. MetLife Investment Management LLC now owns 23,756 shares of the semiconductor company’s stock valued at $612,000 after buying an additional 976 shares during the last quarter. Watershed Asset Management L.L.C. increased its position in Ultra Clean by 6.6% during the third quarter. Watershed Asset Management L.L.C. now owns 8,612 shares of the semiconductor company’s stock worth $222,000 after buying an additional 533 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of Ultra Clean by 400.0% in the third quarter. UBS Group AG now owns 183,932 shares of the semiconductor company’s stock worth $4,736,000 after acquiring an additional 147,149 shares during the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.

Ultra Clean Price Performance

Shares of Ultra Clean stock opened at $29.94 on Monday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 34.41 and a beta of 1.98. The company has a current ratio of 2.82, a quick ratio of 1.68 and a debt-to-equity ratio of 0.53. The business’s fifty day moving average price is $33.73 and its 200 day moving average price is $31.84. Ultra Clean Holdings, Inc. has a twelve month low of $23.32 and a twelve month high of $45.51.

Insider Activity at Ultra Clean

In other news, CFO Sheri Savage sold 8,071 shares of the business’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $32.30, for a total transaction of $260,693.30. Following the transaction, the chief financial officer now directly owns 77,028 shares of the company’s stock, valued at $2,488,004.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Craig Hallum cut Ultra Clean from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research report on Tuesday, January 10th. Needham & Company LLC restated a “buy” rating and set a $39.00 target price on shares of Ultra Clean in a research report on Thursday, February 23rd. DA Davidson reiterated a “buy” rating on shares of Ultra Clean in a report on Tuesday, January 3rd. Finally, TheStreet raised Ultra Clean from a “c” rating to a “b-” rating in a research report on Wednesday, February 22nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.20.

About Ultra Clean

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Ultra Clean Holdings, Inc designs, manufactures and sells its products and services primarily to customers in the semiconductor capital equipment industry. It operates through the following segments: Semiconductor Products & Solutions (SPS) and Semiconductor Services Business (SSB). The SPS segment provides warranty on its products for a period of up to two years and provides for warranty costs at the time of sale based on historical activity.