Deutsche Bank AG Boosts Stake in Ultra Clean Holdings Inc (UCTT)

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Deutsche Bank AG lifted its holdings in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,201,703 shares of the semiconductor company’s stock after buying an additional 184,628 shares during the period. Deutsche Bank AG owned about 3.07% of Ultra Clean worth $10,177,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UCTT. Divisar Capital Management LLC increased its holdings in shares of Ultra Clean by 262.0% in the 4th quarter. Divisar Capital Management LLC now owns 2,099,886 shares of the semiconductor company’s stock worth $17,786,000 after buying an additional 1,519,784 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Ultra Clean by 1,378.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 1,166,713 shares of the semiconductor company’s stock worth $9,882,000 after buying an additional 1,087,780 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ultra Clean by 15.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,164,512 shares of the semiconductor company’s stock worth $39,714,000 after buying an additional 419,419 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Ultra Clean in the 3rd quarter worth about $2,705,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Ultra Clean by 1,305.5% in the 4th quarter. Victory Capital Management Inc. now owns 230,873 shares of the semiconductor company’s stock worth $1,955,000 after buying an additional 214,447 shares during the last quarter. Hedge funds and other institutional investors own 92.05% of the company’s stock.

Ultra Clean stock opened at $12.48 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.99 and a current ratio of 3.32. Ultra Clean Holdings Inc has a 1-year low of $6.94 and a 1-year high of $19.09. The stock has a market capitalization of $474.80 million, a P/E ratio of 7.52, a PEG ratio of 0.96 and a beta of 1.16.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Ultra Clean had a return on equity of 15.42% and a net margin of 3.34%. The firm had revenue of $257.39 million during the quarter, compared to analysts’ expectations of $248.30 million. Sell-side analysts expect that Ultra Clean Holdings Inc will post 0.86 EPS for the current fiscal year.

A number of research firms have recently weighed in on UCTT. BidaskClub upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Craig Hallum downgraded shares of Ultra Clean from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price target (up from $13.00) on shares of Ultra Clean in a report on Friday, February 22nd. Finally, ValuEngine raised shares of Ultra Clean from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $20.60.

In related news, CFO Sheri Savage sold 30,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $10.17, for a total value of $305,100.00. Following the sale, the chief financial officer now directly owns 135,491 shares of the company’s stock, valued at approximately $1,377,943.47. The transaction 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.

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

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