Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by PDT Partners LLC

PDT Partners LLC lowered its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 63.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,813 shares of the semiconductor company’s stock after selling 14,993 shares during the period. PDT Partners LLC’s holdings in Ultra Clean were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in UCTT. Headlands Technologies LLC purchased a new stake in Ultra Clean during the 4th quarter valued at approximately $26,000. Nisa Investment Advisors LLC increased its stake in Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 490 shares during the period. Smartleaf Asset Management LLC raised its position in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after buying an additional 854 shares during the last quarter. Quarry LP lifted its stake in shares of Ultra Clean by 58.1% in the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 703 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Ultra Clean by 139.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 1,386 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Ernest E. Maddock purchased 10,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the purchase, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Bill Bentinck acquired 3,000 shares of the stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $25.17 per share, with a total value of $75,510.00. Following the completion of the purchase, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

Ultra Clean Price Performance

UCTT stock opened at $20.17 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The stock’s 50 day moving average price is $21.93 and its 200 day moving average price is $31.68. The firm has a market cap of $910.31 million, a P/E ratio of 252.16, a PEG ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. Ultra Clean’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Oppenheimer decreased their target price on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. StockNews.com lowered Ultra Clean from a “hold” rating to a “sell” rating in a research note on Wednesday. TD Cowen reduced their price objective on Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Needham & Company LLC lowered their target price on Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.