Two Sigma Investments LP Sells 36,260 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Two Sigma Investments LP cut its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 42.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,390 shares of the semiconductor company’s stock after selling 36,260 shares during the period. Two Sigma Investments LP owned about 0.11% of Ultra Clean worth $1,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in Ultra Clean in the fourth quarter worth $26,000. Smartleaf Asset Management LLC increased its holdings in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 854 shares during the last quarter. Quarry LP raised its stake in Ultra Clean by 58.1% in the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 703 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Ultra Clean by 139.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 1,386 shares during the last quarter. Finally, KBC Group NV boosted its position in Ultra Clean by 76.3% during the fourth quarter. KBC Group NV now owns 2,561 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 1,108 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Price Performance

Shares of UCTT opened at $19.56 on Tuesday. The firm’s 50-day simple moving average is $20.31 and its two-hundred day simple moving average is $29.39. The stock has a market cap of $883.11 million, a PE ratio of 244.53, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to the consensus estimate of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. Analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jamie J. Palfrey sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the sale, the senior vice president now directly owns 30,465 shares of the company’s stock, valued at $584,928. This trade represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ernest E. Maddock purchased 10,000 shares of Ultra Clean stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the purchase, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $267,190. This trade represents a 1,000.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UCTT shares. Wall Street Zen downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. TD Cowen decreased their price objective on Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Needham & Company LLC lowered their target price on Ultra Clean from $40.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Finally, Oppenheimer cut their price target on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Ultra Clean has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Ultra Clean Company Profile

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.