Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC reduced its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 53.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,303 shares of the semiconductor company’s stock after selling 5,993 shares during the period. Stoneridge Investment Partners LLC’s holdings in Ultra Clean were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UCTT. Swedbank AB acquired a new stake in shares of Ultra Clean in the first quarter valued at about $111,828,000. Vaughan Nelson Investment Management L.P. grew its position in Ultra Clean by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after acquiring an additional 52,075 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Ultra Clean by 2.1% during the third quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock valued at $16,799,000 after purchasing an additional 8,471 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Ultra Clean by 130.1% during the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock valued at $14,663,000 after purchasing an additional 207,633 shares during the period. Finally, Hood River Capital Management LLC lifted its position in shares of Ultra Clean by 54.2% during the second quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company’s stock worth $17,947,000 after purchasing an additional 128,670 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Stock Down 0.1 %

NASDAQ:UCTT opened at $34.28 on Tuesday. The stock has a 50-day simple moving average of $36.31 and a 200 day simple moving average of $41.81. Ultra Clean Holdings, Inc. has a one year low of $24.39 and a one year high of $56.47. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 428.55 and a beta of 2.08. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company had revenue of $540.40 million during the quarter, compared to analyst estimates of $515.88 million. During the same quarter last year, the firm earned ($0.03) EPS. The business’s revenue was up 24.2% on a year-over-year basis. Sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UCTT has been the topic of several analyst reports. Craig Hallum lifted their price target on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. TD Cowen cut their price target on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Oppenheimer started coverage on Ultra Clean in a research note on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price objective for the company. Finally, Needham & Company LLC cut their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, Ultra Clean currently has a consensus rating of “Buy” and a consensus price target of $57.75.

Insider Transactions at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average price of $33.33 per share, for a total transaction of $83,325.00. Following the completion of the purchase, the chief operating officer now directly owns 29,291 shares in the company, valued at $976,269.03. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.20% of the company’s stock.

About Ultra Clean

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.