GAMMA Investing LLC Raises Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

GAMMA Investing LLC lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 2,272.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,139 shares of the semiconductor company’s stock after acquiring an additional 27,911 shares during the quarter. GAMMA Investing LLC owned 0.06% of Ultra Clean worth $624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Shapiro Capital Management LLC raised its holdings in Ultra Clean by 66.8% in the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after purchasing an additional 1,099,899 shares in the last quarter. Boston Partners increased its holdings in shares of Ultra Clean by 227.1% during the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after acquiring an additional 718,717 shares in the last quarter. Goodman Financial Corp acquired a new position in shares of Ultra Clean during the fourth quarter valued at about $13,900,000. Nuveen Asset Management LLC increased its holdings in shares of Ultra Clean by 41.3% during the fourth quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company’s stock valued at $25,686,000 after acquiring an additional 208,910 shares in the last quarter. Finally, Oberweis Asset Management Inc. increased its holdings in shares of Ultra Clean by 39.4% during the fourth quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company’s stock valued at $22,048,000 after acquiring an additional 173,200 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Stock Performance

Shares of UCTT opened at $20.37 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.83 and a current ratio of 3.03. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The stock has a market capitalization of $919.71 million, a PE ratio of 32.85, a PEG ratio of 0.79 and a beta of 2.05. The stock has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $28.16.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). Ultra Clean had a return on equity of 5.50% and a net margin of 1.31%. The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. During the same period last year, the firm earned $0.27 EPS. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Ultra Clean

In other news, SVP Jamie J. Palfrey sold 9,500 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total value of $182,400.00. Following the sale, the senior vice president now directly owns 30,465 shares in the company, valued at $584,928. This represents a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total value of $131,355.78. Following the transaction, the insider now owns 21,996 shares in the company, valued at $459,056.52. This trade represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,878 shares of company stock valued at $399,765 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen dropped their target price on Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Oppenheimer dropped their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Needham & Company LLC dropped their target price on Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

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.