Strs Ohio Trims Stock Position in Ultra Clean Holdings, Inc. $UCTT

Strs Ohio decreased its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 60.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,100 shares of the semiconductor company’s stock after selling 12,300 shares during the quarter. Strs Ohio’s holdings in Ultra Clean were worth $221,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC boosted its position in Ultra Clean by 41.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,754,163 shares of the semiconductor company’s stock worth $62,161,000 after purchasing an additional 808,277 shares in the last quarter. Invesco Ltd. grew its position in Ultra Clean by 13.8% during the second quarter. Invesco Ltd. now owns 1,913,576 shares of the semiconductor company’s stock valued at $43,189,000 after buying an additional 231,901 shares during the period. BNP Paribas Financial Markets increased its holdings in Ultra Clean by 360.3% in the second quarter. BNP Paribas Financial Markets now owns 271,843 shares of the semiconductor company’s stock valued at $6,135,000 after buying an additional 212,791 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Ultra Clean in the second quarter worth about $4,347,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Ultra Clean by 61.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 452,335 shares of the semiconductor company’s stock worth $10,209,000 after acquiring an additional 171,947 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ultra Clean

In related news, Director David T. Ibnale sold 23,500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $26.63, for a total transaction of $625,805.00. Following the transaction, the director directly owned 45,241 shares in the company, valued at approximately $1,204,767.83. The trade was a 34.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Ultra Clean Stock Performance

Shares of NASDAQ:UCTT opened at $46.06 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.21 and a quick ratio of 1.91. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $48.66. The firm has a market capitalization of $2.09 billion, a PE ratio of -12.90, a P/E/G ratio of 1.29 and a beta of 2.02. The business’s 50 day moving average price is $32.21 and its 200-day moving average price is $27.91.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UCTT. Weiss Ratings restated a “sell (d)” rating on shares of Ultra Clean in a research note on Monday, December 29th. Oppenheimer restated an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. TD Cowen upped their target price on Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Needham & Company LLC lifted their price target on shares of Ultra Clean from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.