Lisanti Capital Growth LLC Sells 12,710 Shares of Ultra Clean Holdings, Inc. $UCTT

Lisanti Capital Growth LLC cut its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 27.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,575 shares of the semiconductor company’s stock after selling 12,710 shares during the quarter. Lisanti Capital Growth LLC owned 0.07% of Ultra Clean worth $2,722,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UCTT. Kilter Group LLC bought a new position in shares of Ultra Clean during the second quarter worth $30,000. Reyes Financial Architecture Inc. acquired a new position in Ultra Clean in the third quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its position in shares of Ultra Clean by 37.3% during the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 196 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Ultra Clean during the second quarter worth about $62,000. Finally, KBC Group NV bought a new position in shares of Ultra Clean during the 1st quarter valued at about $75,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Trading Up 6.3%

NASDAQ UCTT opened at $49.63 on Thursday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 87.07, a PEG ratio of 0.45 and a beta of 1.90. The stock’s 50 day moving average price is $62.34 and its two-hundred day moving average price is $74.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.28 and a current ratio of 2.79. Ultra Clean Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $144.22.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.21. Ultra Clean had a net margin of 1.09% and a return on equity of 12.00%. The company had revenue of $759.00 million during the quarter, compared to analysts’ expectations of $727.55 million. During the same period last year, the business earned $0.28 EPS. The business’s quarterly revenue was up 48.8% on a year-over-year basis. As a group, analysts anticipate that Ultra Clean Holdings, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UCTT has been the subject of a number of research reports. Oppenheimer increased their target price on Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. TD Cowen lowered their price objective on shares of Ultra Clean from $140.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Needham & Company LLC lowered their price objective on shares of Ultra Clean from $125.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, October 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Ultra Clean in a report on Wednesday, November 4th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $114.00.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc. (NASDAQ: UCTT) provides products and services used in the manufacture of semiconductor and other high-technology equipment. Its offerings include critical subsystems, components and assemblies, along with engineering and manufacturing services that help equipment makers design, build and support their systems. The company’s products include gas and chemical delivery systems, fluid and precision-engineered components, and assemblies made for use in demanding manufacturing environments.