Scout Investments Inc. Sells 9,669 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Scout Investments Inc. reduced its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,161 shares of the semiconductor company’s stock after selling 9,669 shares during the period. Scout Investments Inc.’s holdings in Ultra Clean were worth $6,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SummerHaven Investment Management LLC grew its position in Ultra Clean by 1.8% during the fourth quarter. SummerHaven Investment Management LLC now owns 19,384 shares of the semiconductor company’s stock valued at $662,000 after acquiring an additional 347 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Ultra Clean by 19.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 514 shares during the last quarter. Texas Permanent School Fund Corp grew its position in Ultra Clean by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 39,236 shares of the semiconductor company’s stock valued at $1,803,000 after acquiring an additional 525 shares during the last quarter. Everence Capital Management Inc. grew its position in Ultra Clean by 7.1% during the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock valued at $272,000 after acquiring an additional 530 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Ultra Clean by 4.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,343 shares of the semiconductor company’s stock valued at $695,000 after acquiring an additional 930 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Trading Down 2.8 %

Shares of Ultra Clean stock traded down $1.36 on Friday, hitting $46.98. The stock had a trading volume of 173,712 shares, compared to its average volume of 308,343. The company has a quick ratio of 1.58, a current ratio of 2.76 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a one year low of $22.15 and a one year high of $56.47. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of -57.74 and a beta of 2.13. The stock’s 50-day simple moving average is $48.25 and its two-hundred day simple moving average is $43.72.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 2.09% and a positive return on equity of 2.19%. The firm had revenue of $477.70 million for the quarter, compared to analysts’ expectations of $455.00 million.

Analysts Set New Price Targets

A number of brokerages have commented on UCTT. TD Cowen increased their price target on shares of Ultra Clean from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC raised their target price on shares of Ultra Clean from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Insider Transactions at Ultra Clean

In related news, Director Clarence L. Granger sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total value of $217,500.00. Following the completion of the sale, the director now owns 92,134 shares of the company’s stock, valued at $4,007,829. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Brian E. Harding sold 11,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.89, for a total value of $482,790.00. Following the completion of the sale, the chief accounting officer now owns 37,415 shares of the company’s stock, valued at $1,642,144.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clarence L. Granger sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total value of $217,500.00. Following the completion of the sale, the director now directly owns 92,134 shares of the company’s stock, valued at approximately $4,007,829. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,314 shares of company stock worth $5,370,214. Insiders own 2.20% of the company’s stock.

About Ultra Clean

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.