Ultra Clean Holdings Inc (UCTT) Holdings Trimmed by California Public Employees Retirement System

California Public Employees Retirement System decreased its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 113,369 shares of the semiconductor company’s stock after selling 5,962 shares during the quarter. California Public Employees Retirement System owned about 0.30% of Ultra Clean worth $2,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in UCTT. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Ultra Clean by 525.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock worth $854,000 after purchasing an additional 23,440 shares in the last quarter. James Investment Research Inc. bought a new position in shares of Ultra Clean in the 4th quarter worth $1,975,000. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of Ultra Clean by 22.8% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 740,027 shares of the semiconductor company’s stock worth $17,087,000 after purchasing an additional 137,275 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Ultra Clean in the 3rd quarter worth $752,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Ultra Clean by 722.0% in the 4th quarter. SG Americas Securities LLC now owns 32,330 shares of the semiconductor company’s stock worth $746,000 after purchasing an additional 28,397 shares in the last quarter. 68.59% of the stock is owned by institutional investors.

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UCTT traded up $0.24 during trading hours on Thursday, hitting $18.74. The stock had a trading volume of 454,863 shares, compared to its average volume of 1,385,516. Ultra Clean Holdings Inc has a 1 year low of $14.93 and a 1 year high of $34.59. The firm has a market cap of $703.23, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.82 and a current ratio of 1.97.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01). Ultra Clean had a return on equity of 29.62% and a net margin of 8.12%. The firm had revenue of $248.89 million during the quarter, compared to analysts’ expectations of $248.73 million. During the same period last year, the business posted $0.36 EPS. The company’s revenue was up 42.6% compared to the same quarter last year. research analysts predict that Ultra Clean Holdings Inc will post 2.3 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. BidaskClub cut Ultra Clean from a “sell” rating to a “strong sell” rating in a report on Saturday, April 7th. ValuEngine cut Ultra Clean from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded Ultra Clean from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 7th. Finally, Cowen restated a “hold” rating and set a $28.00 price objective (down from $32.00) on shares of Ultra Clean in a research note on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.33.

In other Ultra Clean news, CEO James P. Scholhamer sold 29,949 shares of Ultra Clean stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $27.05, for a total transaction of $810,120.45. Following the completion of the transaction, the chief executive officer now owns 336,028 shares of the company’s stock, valued at approximately $9,089,557.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Deborah E. Hayward sold 7,566 shares of Ultra Clean stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $20.00, for a total value of $151,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 91,968 shares of company stock valued at $2,128,093. 2.60% of the stock is currently owned by insiders.

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About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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