ARP Americas LLC purchased a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the second quarter, Holdings Channel reports. The institutional investor purchased 16,038 shares of the semiconductor company’s stock, valued at approximately $301,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Gotham Asset Management LLC acquired a new position in Ultra Clean Holdings during the first quarter valued at approximately $507,000. Systematic Financial Management LP acquired a new position in Ultra Clean Holdings during the first quarter valued at approximately $4,088,000. State Board of Administration of Florida Retirement System increased its position in Ultra Clean Holdings by 0.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 69 shares during the period. Caxton Associates LP acquired a new position in Ultra Clean Holdings during the first quarter valued at approximately $309,000. Finally, Wellington Management Group LLP acquired a new position in Ultra Clean Holdings during the first quarter valued at approximately $558,000. 83.33% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Holdings, Inc. (NASDAQ UCTT) opened at 22.00 on Tuesday. The company has a 50 day moving average of $21.59 and a 200 day moving average of $17.96. The stock has a market capitalization of $735.50 million, a P/E ratio of 15.92 and a beta of 1.19. Ultra Clean Holdings, Inc. has a 52 week low of $5.94 and a 52 week high of $26.21.

Ultra Clean Holdings (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The company had revenue of $228.26 million during the quarter, compared to the consensus estimate of $213.92 million. Ultra Clean Holdings had a return on equity of 25.19% and a net margin of 6.25%. Ultra Clean Holdings’s revenue was up 75.8% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Equities analysts expect that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current fiscal year.

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UCTT has been the topic of several research reports. ValuEngine raised shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Cowen and Company initiated coverage on shares of Ultra Clean Holdings in a research note on Thursday, June 15th. They set a “market perform” rating and a $26.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Monday, July 10th. BidaskClub downgraded shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Needham & Company LLC lifted their price target on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.83.

In related news, CFO Sheri Brumm sold 20,512 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total value of $468,699.20. Following the completion of the sale, the chief financial officer now directly owns 170,939 shares in the company, valued at $3,905,956.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Deborah E. Hayward sold 19,883 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $20.76, for a total value of $412,771.08. Following the completion of the sale, the insider now owns 68,574 shares of the company’s stock, valued at $1,423,596.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,484 shares of company stock valued at $2,119,172. 2.60% of the stock is owned by corporate insiders.

Ultra Clean Holdings Company Profile

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

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

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