Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTTFree Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 233,607 shares of the semiconductor company’s stock after selling 7,195 shares during the quarter. Principal Financial Group Inc. owned about 0.52% of Ultra Clean worth $7,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Ultra Clean by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,211,736 shares of the semiconductor company’s stock valued at $124,962,000 after purchasing an additional 190,942 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ultra Clean by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock valued at $20,207,000 after purchasing an additional 46,076 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Ultra Clean by 3.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 547,983 shares of the semiconductor company’s stock valued at $18,709,000 after purchasing an additional 18,345 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in Ultra Clean by 26.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock valued at $14,363,000 after purchasing an additional 88,349 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Ultra Clean by 16.5% in the 3rd quarter. First Eagle Investment Management LLC now owns 297,088 shares of the semiconductor company’s stock valued at $8,815,000 after purchasing an additional 42,109 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Needham & Company LLC boosted their target price on shares of Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. TD Cowen upped their price objective on shares of Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Get Our Latest Report on UCTT

Insider Transactions at Ultra Clean

In other news, SVP Jamie J. Palfrey sold 5,744 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $43.50, for a total transaction of $249,864.00. Following the completion of the sale, the senior vice president now owns 23,693 shares in the company, valued at approximately $1,030,645.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Jamie J. Palfrey sold 5,744 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $43.50, for a total transaction of $249,864.00. Following the completion of the sale, the senior vice president now owns 23,693 shares in the company, valued at approximately $1,030,645.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Paul Yoonku Cho sold 3,449 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $44.79, for a total value of $154,480.71. Following the sale, the general counsel now owns 17,166 shares of the company’s stock, valued at approximately $768,865.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,725 shares of company stock worth $1,745,782. 2.20% of the stock is currently owned by company insiders.

Ultra Clean Trading Up 2.0 %

NASDAQ UCTT opened at $45.10 on Tuesday. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $49.25. The company has a 50-day moving average of $43.73 and a 200-day moving average of $38.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. The company has a market cap of $2.02 billion, a P/E ratio of -55.00 and a beta of 2.02.

Ultra Clean (NASDAQ:UCTTGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.20 EPS for the quarter. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%. The company had revenue of $477.70 million during the quarter, compared to the consensus estimate of $455.00 million.

Ultra Clean Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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