Royce & Associates LP Purchases 63,301 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Royce & Associates LP lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 7.5% during the 3rd quarter, Holdings Channel reports. The firm owned 908,697 shares of the semiconductor company’s stock after acquiring an additional 63,301 shares during the period. Royce & Associates LP’s holdings in Ultra Clean were worth $36,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 213 shares during the last quarter. CWM LLC boosted its holdings in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 253 shares in the last quarter. Signaturefd LLC boosted its holdings in Ultra Clean by 465.5% in the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 661 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of Ultra Clean during the 2nd quarter valued at $41,000. Finally, nVerses Capital LLC bought a new stake in shares of Ultra Clean during the 2nd quarter valued at $64,000. Institutional investors own 96.06% of the company’s stock.

Insider Buying and Selling at Ultra Clean

In related news, insider Jeffrey L. Mckibben sold 3,422 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total value of $130,720.40. Following the completion of the sale, the insider now directly owns 18,805 shares in the company, valued at $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Harjinder Bajwa purchased 2,500 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average price of $33.33 per share, with a total value of $83,325.00. Following the completion of the transaction, the chief operating officer now owns 29,291 shares of the company’s stock, valued at $976,269.03. The trade was a 9.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UCTT shares. TD Cowen dropped their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Craig Hallum upped their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Needham & Company LLC lowered their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Oppenheimer initiated coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ultra Clean currently has an average rating of “Buy” and an average price target of $57.75.

Ultra Clean Price Performance

NASDAQ UCTT opened at $35.10 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 12 month low of $25.65 and a 12 month high of $56.47. The company’s 50 day moving average is $36.36 and its two-hundred day moving average is $41.60. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 438.80 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The business had revenue of $540.40 million during the quarter, compared to analyst estimates of $515.88 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue was up 24.2% on a year-over-year basis. As a group, research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

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.