AWM Investment Company Inc. Acquires 33,300 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

AWM Investment Company Inc. boosted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,917 shares of the semiconductor company’s stock after purchasing an additional 33,300 shares during the quarter. AWM Investment Company Inc.’s holdings in Ultra Clean were worth $6,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in shares of Ultra Clean by 132.6% during the 4th quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock worth $1,302,000 after acquiring an additional 20,650 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Ultra Clean by 694.3% in 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of Ultra Clean by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock valued at $7,903,000 after purchasing an additional 6,546 shares during the last quarter. Barclays PLC raised its holdings in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock valued at $3,337,000 after buying an additional 66,695 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Ultra Clean in the 4th quarter worth approximately $3,988,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UCTT shares. TD Cowen lowered their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. StockNews.com lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. 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 report on Tuesday, April 29th. Finally, Oppenheimer lowered their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.00.

Ultra Clean Trading Up 0.3%

NASDAQ:UCTT opened at $21.50 on Wednesday. The firm has a market capitalization of $970.70 million, a P/E ratio of 268.78, a P/E/G ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $21.15 and a 200 day moving average of $30.44.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 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 the consensus estimate of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. On average, research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

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

Ultra Clean Company 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.