Price T Rowe Associates Inc. MD Has $1.66 Million Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Price T Rowe Associates Inc. MD grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 12.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,932 shares of the semiconductor company’s stock after buying an additional 3,512 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Ultra Clean were worth $1,662,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in UCTT. Captrust Financial Advisors boosted its holdings in shares of Ultra Clean by 1,677.7% in the first quarter. Captrust Financial Advisors now owns 1,831 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 1,728 shares during the period. Royal Bank of Canada raised its position in Ultra Clean by 91.7% during the first quarter. Royal Bank of Canada now owns 40,144 shares of the semiconductor company’s stock worth $2,330,000 after acquiring an additional 19,206 shares in the last quarter. State of Wisconsin Investment Board raised its position in Ultra Clean by 40.5% during the first quarter. State of Wisconsin Investment Board now owns 66,579 shares of the semiconductor company’s stock worth $3,864,000 after acquiring an additional 19,176 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Ultra Clean by 11.5% in the first quarter. Squarepoint Ops LLC now owns 9,974 shares of the semiconductor company’s stock valued at $579,000 after purchasing an additional 1,028 shares during the period. Finally, Pendal Group Limited bought a new position in shares of Ultra Clean in the first quarter valued at about $1,102,000. Institutional investors own 81.09% of the company’s stock.

In other Ultra Clean news, CFO Sheri Savage sold 4,085 shares of the stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $59.92, for a total transaction of $244,773.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Emily M. Liggett sold 6,569 shares of the stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $59.00, for a total transaction of $387,571.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,153 shares of company stock worth $1,291,245. 2.30% of the stock is owned by insiders.

NASDAQ:UCTT opened at $57.21 on Thursday. Ultra Clean Holdings, Inc. has a 52 week low of $29.68 and a 52 week high of $65.33. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.86 and a beta of 2.02. The firm’s 50-day simple moving average is $49.12 and its 200 day simple moving average is $49.58. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.77 and a current ratio of 2.56.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Tuesday, October 26th. The semiconductor company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. Ultra Clean had a net margin of 5.20% and a return on equity of 21.84%. The business had revenue of $553.60 million for the quarter, compared to analyst estimates of $541.53 million. During the same period last year, the firm earned $0.67 earnings per share. Ultra Clean’s revenue for the quarter was up 52.4% compared to the same quarter last year. Sell-side analysts anticipate that Ultra Clean Holdings, Inc. will post 3.86 EPS for the current year.

Several equities analysts have recently weighed in on the stock. Needham & Company LLC assumed coverage on shares of Ultra Clean in a research report on Tuesday, August 3rd. They issued a “buy” rating and a $66.00 price objective on the stock. Zacks Investment Research lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Tuesday, November 2nd. Colliers Securities reissued a “buy” rating on shares of Ultra Clean in a research report on Tuesday, August 3rd. Finally, DA Davidson reissued a “buy” rating on shares of Ultra Clean in a research report on Thursday, October 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $65.33.

Ultra Clean Profile

Ultra Clean Holdings, Inc designs, manufactures and sells its products and services primarily to customers in the semiconductor capital equipment industry. It operates through the following segments: Semiconductor Products & Solutions (SPS) and Semiconductor Services Business (SSB). The SPS segment provides warranty on its products for a period of up to two years and provides for warranty costs at the time of sale based on historical activity.

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

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