Man Group plc Sells 41,463 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Man Group plc lowered its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,657 shares of the semiconductor company’s stock after selling 41,463 shares during the period. Man Group plc owned approximately 0.14% of Ultra Clean worth $2,253,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of UCTT. Headlands Technologies LLC bought a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC raised its position in shares of 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 purchasing an additional 490 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 854 shares during the period. Quarry LP raised its position 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 valued at $69,000 after purchasing an additional 703 shares during the period. Finally, Parkside Financial Bank & Trust raised its position 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 valued at $86,000 after purchasing an additional 1,386 shares during the period. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Price Performance

UCTT stock opened at $20.27 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a one year low of $16.66 and a one year high of $56.47. The stock has a market cap of $915.17 million, a PE ratio of 253.41, a P/E/G ratio of 0.51 and a beta of 2.09. The firm has a 50 day simple moving average of $20.95 and a two-hundred day simple moving average of $30.28.

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

Insiders Place Their Bets

In other Ultra Clean news, SVP Jamie J. Palfrey sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total value of $182,400.00. Following the completion of the transaction, the senior vice president now owns 30,465 shares of the company’s stock, valued at $584,928. The trade was a 23.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bill Bentinck acquired 3,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of $25.17 per share, with a total value of $75,510.00. Following the purchase, the insider now directly owns 60,695 shares in the company, valued at $1,527,693.15. This represents a 5.20% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Oppenheimer reduced their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. TD Cowen reduced their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reduced their price objective on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

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.