Barclays PLC reduced its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,747 shares of the semiconductor company’s stock after selling 1,333 shares during the quarter. Barclays PLC owned 0.06% of Ultra Clean worth $951,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Dark Forest Capital Management LP boosted its stake in shares of Ultra Clean by 6,364.3% during the 1st quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 891 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Ultra Clean by 813.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 1,187 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Ultra Clean during the 2nd quarter worth about $48,000. Worth Asset Management LLC purchased a new stake in shares of Ultra Clean during the 1st quarter worth about $49,000. Finally, Captrust Financial Advisors boosted its stake in shares of Ultra Clean by 76.9% during the 1st quarter. Captrust Financial Advisors now owns 2,026 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 881 shares in the last quarter. 83.61% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Ultra Clean
In other news, SVP Jamie J. Palfrey sold 6,932 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $25.68, for a total transaction of $178,013.76. Following the completion of the sale, the senior vice president now owns 20,970 shares in the company, valued at approximately $538,509.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.10% of the company’s stock.
Ultra Clean Stock Up 1.5 %
Ultra Clean (NASDAQ:UCTT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $449.96 million. Ultra Clean had a return on equity of 5.31% and a net margin of 0.03%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Craig Hallum raised shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Friday, July 28th. TheStreet lowered shares of Ultra Clean from a “c” rating to a “d+” rating in a research note on Wednesday, October 25th. TD Cowen raised their price target on shares of Ultra Clean from $34.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $45.00 price target on shares of Ultra Clean in a research note on Thursday, October 26th. Finally, StockNews.com began coverage on shares of Ultra Clean in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Ultra Clean currently has an average rating of “Moderate Buy” and a consensus target price of $48.33.
About Ultra Clean
Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.
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