Bank of New York Mellon Corp lifted its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 559,545 shares of the semiconductor company’s stock after buying an additional 51,592 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.43% of Ultra Clean worth $4,739,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in UCTT. Benjamin F. Edwards & Company Inc. grew its position in shares of Ultra Clean by 57.8% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,362 shares of the semiconductor company’s stock worth $28,000 after buying an additional 1,231 shares in the last quarter. Bank of Montreal Can grew its position in shares of Ultra Clean by 170.5% during the fourth quarter. Bank of Montreal Can now owns 4,184 shares of the semiconductor company’s stock worth $36,000 after buying an additional 2,637 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Ultra Clean during the fourth quarter worth about $44,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Ultra Clean by 167.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,436 shares of the semiconductor company’s stock worth $112,000 after buying an additional 8,414 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Ultra Clean during the fourth quarter worth about $123,000. 92.05% of the stock is owned by institutional investors and hedge funds.
Shares of UCTT opened at $11.46 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.32 and a quick ratio of 1.99. The company has a market capitalization of $452.50 million, a P/E ratio of 6.90, a price-to-earnings-growth ratio of 0.94 and a beta of 1.16. Ultra Clean Holdings Inc has a 52-week low of $6.94 and a 52-week high of $19.59.
Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Thursday, February 21st. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The business had revenue of $257.39 million during the quarter, compared to analyst estimates of $248.30 million. Ultra Clean had a net margin of 3.34% and a return on equity of 15.42%. On average, sell-side analysts predict that Ultra Clean Holdings Inc will post 0.86 EPS for the current fiscal year.
In related news, CFO Sheri Savage sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $10.17, for a total value of $305,100.00. Following the completion of the transaction, the chief financial officer now directly owns 135,491 shares of the company’s stock, valued at $1,377,943.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.
A number of equities analysts recently issued reports on the company. Needham & Company LLC assumed coverage on Ultra Clean in a report on Friday, December 21st. They issued a “buy” rating and a $13.00 price target for the company. Craig Hallum raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Friday, December 21st. BidaskClub raised Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Friday, December 28th. Finally, ValuEngine raised Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.60.
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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.
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