Versor Investments LP Takes $828,000 Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Versor Investments LP purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,900 shares of the semiconductor company’s stock, valued at approximately $828,000.

A number of other institutional investors also recently bought and sold shares of UCTT. Vanguard Group Inc. grew its holdings in shares of Ultra Clean by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock worth $148,869,000 after acquiring an additional 148,819 shares during the period. Frontier Capital Management Co. LLC grew its stake in Ultra Clean by 37.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock worth $87,396,000 after purchasing an additional 698,242 shares during the period. Swedbank AB bought a new position in Ultra Clean in the first quarter worth $111,828,000. Vaughan Nelson Investment Management L.P. lifted its position in Ultra Clean by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after buying an additional 52,075 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Ultra Clean by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock valued at $20,207,000 after buying an additional 46,076 shares during the period. 96.06% of the stock is owned by institutional investors.

Insider Transactions at Ultra Clean

In other news, CFO Sheri Savage sold 897 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $55.87, for a total value of $50,115.39. Following the transaction, the chief financial officer now directly owns 51,678 shares in the company, valued at $2,887,249.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Ultra Clean news, CEO James P. Scholhamer sold 26,608 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $55.10, for a total transaction of $1,466,100.80. Following the completion of the transaction, the chief executive officer now owns 418,453 shares of the company’s stock, valued at approximately $23,056,760.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sheri Savage sold 897 shares of Ultra Clean stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $55.87, for a total value of $50,115.39. Following the completion of the sale, the chief financial officer now directly owns 51,678 shares in the company, valued at $2,887,249.86. The disclosure for this sale can be found here. Insiders sold a total of 65,293 shares of company stock valued at $3,389,290 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

UCTT has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a research note on Friday, July 26th. Craig Hallum raised their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, TD Cowen raised their price target on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

Ultra Clean Trading Up 0.9 %

Shares of Ultra Clean stock opened at $37.70 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60. The stock has a market capitalization of $1.70 billion, a PE ratio of -45.98 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $56.47. The company’s fifty day simple moving average is $44.03 and its 200-day simple moving average is $44.44.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $516.10 million during the quarter, compared to analyst estimates of $490.06 million. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. Ultra Clean’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.16 earnings per share.

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.