Cwm LLC Has $261,000 Stock Position in Ultra Clean Holdings, Inc. $UCTT

Cwm LLC raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 144.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 11,569 shares of the semiconductor company’s stock after purchasing an additional 6,844 shares during the period. Cwm LLC’s holdings in Ultra Clean were worth $261,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of Ultra Clean by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,288 shares of the semiconductor company’s stock worth $456,000 after buying an additional 1,068 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Ultra Clean by 13.3% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 450,603 shares of the semiconductor company’s stock worth $10,170,000 after buying an additional 52,964 shares during the last quarter. Invesco Ltd. boosted its position in Ultra Clean by 62.9% in the first quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock worth $36,005,000 after purchasing an additional 649,642 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Ultra Clean by 23.3% in the first quarter. Oppenheimer & Co. Inc. now owns 48,548 shares of the semiconductor company’s stock worth $1,039,000 after purchasing an additional 9,169 shares during the last quarter. Finally, Strs Ohio purchased a new position in Ultra Clean in the first quarter worth $407,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UCTT. Weiss Ratings reissued a “sell (d-)” rating on shares of Ultra Clean in a report on Wednesday, October 8th. Needham & Company LLC boosted their target price on shares of Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $30.67.

Ultra Clean Trading Up 1.4%

Shares of UCTT opened at $30.41 on Tuesday. The firm’s 50 day simple moving average is $26.57 and its 200 day simple moving average is $23.49. The company has a market capitalization of $1.38 billion, a P/E ratio of -9.00, a P/E/G ratio of 1.17 and a beta of 2.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.86. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $40.64.

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

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.