Voya Investment Management LLC Lowers Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Voya Investment Management LLC cut its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 13,061 shares of the semiconductor company’s stock after selling 1,325 shares during the quarter. Voya Investment Management LLC’s holdings in Ultra Clean were worth $470,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in Ultra Clean in the 4th quarter valued at $26,000. Nisa Investment Advisors LLC increased its stake in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 490 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 854 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in 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 in the last quarter. Finally, KBC Group NV boosted its holdings in Ultra Clean by 76.3% in the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company’s stock worth $92,000 after buying an additional 1,108 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Trading Down 0.5 %

Shares of UCTT stock opened at $20.03 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The company’s 50-day moving average price is $21.43 and its 200-day moving average price is $31.09. The stock has a market cap of $904.33 million, a price-to-earnings ratio of 250.41, a PEG ratio of 0.51 and a beta of 2.09.

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

Insider Buying and Selling at Ultra Clean

In related news, insider Bill Bentinck purchased 3,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jamie J. Palfrey sold 9,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the completion of the transaction, the senior vice president now owns 30,465 shares in the company, valued at approximately $584,928. This represents a 23.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UCTT. TD Cowen lowered their price target on Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. StockNews.com cut shares of Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Needham & Company LLC lowered their price target on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Finally, Oppenheimer cut their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

Ultra Clean Profile

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.