Delphi Management Inc. MA raised its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 88,381 shares of the semiconductor company’s stock after purchasing an additional 9,545 shares during the period. Ultra Clean accounts for approximately 1.5% of Delphi Management Inc. MA’s portfolio, making the stock its 11th largest holding. Delphi Management Inc. MA owned 0.26% of Ultra Clean worth $2,706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Ultra Clean during the third quarter valued at $120,000. Legal & General Group Plc grew its holdings in Ultra Clean by 4.2% during the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares during the period. Pacad Investment Ltd. bought a new position in Ultra Clean during the second quarter valued at $173,000. Greenwood Capital Associates LLC bought a new position in Ultra Clean during the third quarter valued at $226,000. Finally, Principal Financial Group Inc. bought a new position in Ultra Clean during the second quarter valued at $228,000. 75.74% of the stock is owned by institutional investors and hedge funds.

Shares of Ultra Clean Holdings, Inc. (NASDAQ UCTT) opened at $20.77 on Thursday. The stock has a market capitalization of $708.19, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.60 and a beta of 1.02. Ultra Clean Holdings, Inc. has a 12-month low of $9.42 and a 12-month high of $34.59. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.02). The company had revenue of $242.60 million for the quarter, compared to analysts’ expectations of $239.11 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The company’s revenue was up 65.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. sell-side analysts forecast that Ultra Clean Holdings, Inc. will post 2.34 EPS for the current year.

In related news, insider Deborah E. Hayward sold 13,872 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $32.48, for a total value of $450,562.56. Following the sale, the insider now owns 61,702 shares in the company, valued at $2,004,080.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joan Sterling sold 5,202 shares of the stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total value of $125,056.08. Following the completion of the sale, the senior vice president now owns 64,932 shares in the company, valued at approximately $1,560,965.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,733 shares of company stock worth $747,410. Company insiders own 2.60% of the company’s stock.

Several equities analysts have weighed in on UCTT shares. Needham & Company LLC increased their price objective on Ultra Clean from $30.00 to $36.00 and gave the company a “strong-buy” rating in a report on Friday, October 13th. ValuEngine downgraded Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Cowen increased their target price on Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Zacks Investment Research downgraded Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Dougherty & Co increased their target price on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.83.

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Ultra Clean 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 (NASDAQ:UCTT)

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