Ultra Clean Holdings, Inc. $UCTT Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 81.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,855 shares of the semiconductor company’s stock after selling 83,305 shares during the quarter. Cresset Asset Management LLC’s holdings in Ultra Clean were worth $404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UCTT. Envestnet Asset Management Inc. acquired a new position in shares of Ultra Clean during the fourth quarter valued at $1,126,000. Raymond James Financial Inc. acquired a new position in shares of Ultra Clean during the fourth quarter valued at $3,988,000. Mariner LLC acquired a new position in shares of Ultra Clean during the fourth quarter valued at $210,000. Dimensional Fund Advisors LP boosted its holdings in shares of Ultra Clean by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company’s stock valued at $86,526,000 after acquiring an additional 77,307 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in shares of Ultra Clean by 2.9% during the fourth quarter. MetLife Investment Management LLC now owns 26,706 shares of the semiconductor company’s stock valued at $960,000 after acquiring an additional 765 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Price Performance

Shares of NASDAQ UCTT opened at $23.74 on Monday. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $41.90. The firm’s 50-day simple moving average is $23.27 and its 200 day simple moving average is $23.50. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.08 billion, a P/E ratio of -7.02, a P/E/G ratio of 0.93 and a beta of 1.99.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.27 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $500.83 million. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up .5% on a year-over-year basis. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. Equities analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Insider Activity

In other Ultra Clean news, insider Jeffrey L. Mckibben sold 6,294 shares of the business’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total value of $131,355.78. Following the sale, the insider directly owned 21,996 shares in the company, valued at approximately $459,056.52. The trade was 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 hyperlink. Also, General Counsel Paul Yoonku Cho sold 4,084 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $21.06, for a total transaction of $86,009.04. Following the completion of the sale, the general counsel owned 23,345 shares in the company, valued at approximately $491,645.70. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on UCTT shares. Needham & Company LLC boosted 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, July 29th. TD Cowen reduced their price target on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ultra Clean presently has a consensus rating of “Buy” and a consensus price target of $30.67.

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.