ARK Investment Management LLC grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 32.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,560 shares of the semiconductor company’s stock after buying an additional 6,046 shares during the quarter. ARK Investment Management LLC owned 0.07% of Ultra Clean Holdings worth $461,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in UCTT. Teachers Advisors LLC boosted its holdings in shares of Ultra Clean Holdings by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 49,403 shares of the semiconductor company’s stock valued at $479,000 after buying an additional 2,409 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Ultra Clean Holdings by 23.2% in the first quarter. Russell Investments Group Ltd. now owns 196,166 shares of the semiconductor company’s stock valued at $3,309,000 after buying an additional 36,964 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Ultra Clean Holdings by 42.4% in the first quarter. Wells Fargo & Company MN now owns 64,881 shares of the semiconductor company’s stock valued at $1,094,000 after buying an additional 19,326 shares during the period. LSV Asset Management acquired a new position in shares of Ultra Clean Holdings in the first quarter valued at approximately $293,000. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of 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. Institutional investors own 77.64% of the company’s stock.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) traded up 3.56% during mid-day trading on Friday, hitting $28.21. 1,063,967 shares of the stock were exchanged. The stock has a market capitalization of $943.12 million, a P/E ratio of 20.41 and a beta of 1.22. The stock’s 50 day moving average price is $23.27 and its 200-day moving average price is $20.51. Ultra Clean Holdings, Inc. has a 12-month low of $6.79 and a 12-month high of $28.86.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The business had revenue of $228.26 million during the quarter, compared to the consensus estimate of $213.92 million. During the same quarter last year, the firm posted $0.10 EPS. Ultra Clean Holdings’s revenue was up 75.8% compared to the same quarter last year. On average, equities research analysts expect that Ultra Clean Holdings, Inc. will post $2.29 EPS for the current fiscal year.

UCTT has been the subject of several research analyst reports. ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Cowen and Company initiated coverage on shares of Ultra Clean Holdings in a report on Thursday, June 15th. They issued a “market perform” rating and a $26.00 price target for the company. Zacks Investment Research cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Stifel Nicolaus upped their price target on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the company a “hold” rating in a report on Monday, July 10th. Finally, BidaskClub raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.83.

In related news, Director David T. Ibnale sold 10,000 shares of Ultra Clean Holdings stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the sale, the director now owns 76,000 shares of the company’s stock, valued at approximately $1,744,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total transaction of $468,699.20. Following the completion of the sale, the chief financial officer now directly owns 170,939 shares of the company’s stock, valued at approximately $3,905,956.15. The disclosure for this sale can be found here. In the last three months, insiders sold 49,662 shares of company stock valued at $1,158,684. 2.60% of the stock is currently owned by insiders.

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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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