Caxton Associates LP Sells 6,600 Shares of Ultra Clean Holdings, Inc. (UCTT)
Caxton Associates LP lowered its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 42.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,087 shares of the semiconductor company’s stock after selling 6,600 shares during the period. Caxton Associates LP’s holdings in Ultra Clean were worth $278,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in UCTT. Robeco Institutional Asset Management B.V. bought a new position in Ultra Clean during the 2nd quarter valued at $2,993,000. Vanguard Group Inc. boosted its stake in Ultra Clean by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after acquiring an additional 399,627 shares during the last quarter. Teachers Advisors LLC boosted its stake in Ultra Clean by 50.6% during the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock valued at $1,255,000 after acquiring an additional 25,004 shares during the last quarter. Columbia Partners L L C Investment Management bought a new position in shares of Ultra Clean in the 3rd quarter worth about $698,000. Finally, Alps Advisors Inc. bought a new position in shares of Ultra Clean in the 3rd quarter worth about $600,000. 75.74% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on UCTT. Zacks Investment Research downgraded shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Stifel Nicolaus upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, December 4th. Needham & Company LLC reduced their price target on shares of Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. ValuEngine cut shares of Ultra Clean from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Finally, Cowen increased their price objective on shares of Ultra Clean from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $31.83.
Ultra Clean Holdings, Inc. (UCTT) opened at $21.23 on Friday. The company has a market cap of $698.44, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06. Ultra Clean Holdings, Inc. has a 52 week low of $9.42 and a 52 week high of $34.59.
Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The firm’s quarterly revenue was up 65.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. equities research analysts forecast that Ultra Clean Holdings, Inc. will post 2.34 earnings per share for the current year.
In other news, insider Deborah E. Hayward sold 13,872 shares of Ultra Clean stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the transaction, the insider now owns 61,702 shares of the company’s stock, valued at approximately $2,004,080.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joan Sterling sold 5,202 shares of Ultra Clean stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $24.04, for a total transaction of $125,056.08. Following the completion of the transaction, the senior vice president now directly owns 64,932 shares in the company, valued at approximately $1,560,965.28. The disclosure for this sale can be found here. Insiders sold a total of 25,733 shares of company stock worth $747,410 in the last ninety days. Corporate insiders own 2.60% of the company’s stock.
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About Ultra Clean
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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