Janney Montgomery Scott LLC Has $456,000 Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Janney Montgomery Scott LLC raised its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,288 shares of the semiconductor company’s stock after acquiring an additional 1,068 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ultra Clean were worth $456,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Ultra Clean by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock valued at $173,826,000 after purchasing an additional 129,616 shares during the period. Shapiro Capital Management LLC increased its position in Ultra Clean by 66.8% during the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after buying an additional 1,099,899 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ultra Clean by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company’s stock valued at $86,526,000 after buying an additional 77,307 shares during the period. Boston Partners raised its stake in Ultra Clean by 227.1% in the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after buying an additional 718,717 shares during the period. Finally, Royce & Associates LP lifted its position in shares of Ultra Clean by 2.1% in the fourth quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company’s stock valued at $33,350,000 after buying an additional 18,991 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UCTT shares. Needham & Company LLC dropped their price target 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. TD Cowen decreased their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Finally, Oppenheimer cut their target price 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. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $24.16 on Friday. The stock has a 50 day simple moving average of $21.02 and a 200 day simple moving average of $26.96. The stock has a market cap of $1.09 billion, a P/E ratio of 38.97, a PEG ratio of 0.98 and a beta of 2.07. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $56.47. The company has a current ratio of 3.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.50.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a return on equity of 5.50% and a net margin of 1.31%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 4,084 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $21.06, for a total value of $86,009.04. Following the completion of the sale, the general counsel owned 23,345 shares of the company’s stock, valued at $491,645.70. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total transaction of $131,355.78. Following the transaction, the insider directly owned 21,996 shares in the company, valued at $459,056.52. This represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,878 shares of company stock worth $399,765 in the last quarter. 1.90% of the stock is currently owned by corporate insiders.

Ultra Clean 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.