New York State Common Retirement Fund increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 240,830 shares of the semiconductor company’s stock after acquiring an additional 4,499 shares during the period. New York State Common Retirement Fund owned approximately 0.72% of Ultra Clean Holdings worth $4,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new stake in Ultra Clean Holdings during the 2nd quarter worth approximately $2,993,000. Gotham Asset Management LLC bought a new stake in Ultra Clean Holdings during the 1st quarter worth approximately $507,000. State Board of Administration of Florida Retirement System increased its holdings in Ultra Clean Holdings by 0.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 69 shares during the period. Teachers Advisors LLC increased its holdings in Ultra Clean Holdings by 50.6% during the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 25,004 shares during the period. Finally, Caxton Associates LP bought a new stake in Ultra Clean Holdings during the 1st quarter worth approximately $309,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

UCTT has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, July 10th. ValuEngine lowered shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. BidaskClub raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, July 18th. Finally, Cowen and Company set a $26.00 target price on shares of Ultra Clean Holdings and gave the stock a “hold” rating in a report on Friday, July 28th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.83.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) opened at 33.71 on Tuesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 24.39 and a beta of 1.29. The stock has a 50 day moving average of $27.37 and a 200-day moving average of $22.49. Ultra Clean Holdings, Inc. has a one year low of $7.06 and a one year high of $33.96.

Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, topping 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 firm had revenue of $228.26 million for the quarter, compared to the consensus estimate of $213.92 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 75.8% compared to the same quarter last year. On average, equities analysts predict that Ultra Clean Holdings, Inc. will post $2.30 EPS for the current fiscal year.

In other news, CFO Sheri Brumm sold 20,512 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the transaction, the chief financial officer now owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ronald D’ercole sold 1,457 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $30.47, for a total transaction of $44,394.79. Following the completion of the transaction, the senior vice president now directly owns 69,233 shares in the company, valued at approximately $2,109,529.51. The disclosure for this sale can be found here. Insiders sold 51,119 shares of company stock worth $1,203,079 in the last three months. Insiders own 2.60% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “New York State Common Retirement Fund Has $4.52 Million Position in Ultra Clean Holdings, Inc. (UCTT)” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/10/17/new-york-state-common-retirement-fund-has-4-52-million-position-in-ultra-clean-holdings-inc-uctt.html.

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.

Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings, Inc. (NASDAQ:UCTT).

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

Receive News & Ratings for Ultra Clean Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.