Sapience Investments LLC Sells 13,295 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Sapience Investments LLC decreased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,335 shares of the semiconductor company’s stock after selling 13,295 shares during the quarter. Ultra Clean makes up 1.5% of Sapience Investments LLC’s portfolio, making the stock its 25th biggest holding. Sapience Investments LLC owned 0.16% of Ultra Clean worth $2,564,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Ultra Clean in the fourth quarter valued at about $26,000. Nisa Investment Advisors LLC lifted its holdings in Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 490 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Ultra Clean by 694.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 854 shares during the period. Quarry LP raised its stake in shares of Ultra Clean by 58.1% in the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company’s stock worth $69,000 after buying an additional 703 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of Ultra Clean by 139.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock worth $86,000 after buying an additional 1,386 shares during the period. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UCTT. Needham & Company LLC decreased their price objective on Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Oppenheimer decreased their price objective on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. TD Cowen decreased their price objective 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. Finally, StockNews.com downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat, Ultra Clean has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Ultra Clean Stock Down 2.1%

Shares of UCTT opened at $22.05 on Friday. The business’s 50 day moving average is $21.27 and its 200 day moving average is $30.65. The company has a market capitalization of $995.54 million, a PE ratio of 275.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $56.47. 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 (NASDAQ:UCTT) last released 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 for 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, SVP Jamie J. Palfrey sold 9,500 shares of the firm’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 $584,928. This trade represents a 23.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ernest E. Maddock purchased 10,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the acquisition, the director now directly owns 11,000 shares in the company, valued at $267,190. This represents a 1,000.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.

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.