Foundations Investment Advisors LLC Has $334,000 Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Foundations Investment Advisors LLC grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 153.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,609 shares of the semiconductor company’s stock after buying an additional 9,448 shares during the period. Foundations Investment Advisors LLC’s holdings in Ultra Clean were worth $334,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UCTT. Vanguard Group Inc. raised its holdings in Ultra Clean by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock worth $173,826,000 after acquiring an additional 129,616 shares during the period. Shapiro Capital Management LLC increased its stake in shares of 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 during the period. Dimensional Fund Advisors LP lifted its position in shares of Ultra Clean by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company’s stock worth $86,526,000 after purchasing an additional 77,307 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Ultra Clean by 41.3% during the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company’s stock valued at $25,686,000 after purchasing an additional 208,910 shares during the period. Finally, Oberweis Asset Management Inc. grew its holdings in Ultra Clean by 39.4% in the 4th quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company’s stock valued at $22,048,000 after buying an additional 173,200 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UCTT. Oppenheimer cut their price target on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 11th. TD Cowen dropped their target price on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Needham & Company LLC increased their price target on shares of Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th.

Ultra Clean Stock Performance

UCTT opened at $22.30 on Friday. The stock’s 50 day simple moving average is $22.56 and its 200-day simple moving average is $25.15. The company has a current ratio of 3.06, a quick ratio of 1.83 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.01 billion, a PE ratio of -6.60, a P/E/G ratio of 0.88 and a beta of 1.99. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $41.90.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. Ultra Clean had a negative net margin of 7.15% and a positive return on equity of 5.32%. The business had revenue of $518.80 million for the quarter, compared to analyst estimates of $500.83 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue was up .5% on a year-over-year basis. Sell-side analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Insider Transactions at Ultra Clean

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

Ultra Clean 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.