Macquarie Group Ltd. cut its holdings in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 52.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,272 shares of the semiconductor company’s stock after selling 18,100 shares during the quarter. Macquarie Group Ltd.’s holdings in Ultra Clean were worth $270,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of UCTT. BlackRock Inc. boosted its stake in shares of Ultra Clean by 121.7% in the first quarter. BlackRock Inc. now owns 5,027,283 shares of the semiconductor company’s stock valued at $96,775,000 after buying an additional 2,760,086 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its position in Ultra Clean by 93.2% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,189,200 shares of the semiconductor company’s stock worth $19,741,000 after purchasing an additional 573,746 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ultra Clean by 16.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,745,093 shares of the semiconductor company’s stock worth $45,568,000 after purchasing an additional 386,908 shares in the last quarter. Principal Financial Group Inc. boosted its position in Ultra Clean by 942.0% during the first quarter. Principal Financial Group Inc. now owns 329,444 shares of the semiconductor company’s stock worth $6,342,000 after purchasing an additional 297,826 shares in the last quarter. Finally, Mackay Shields LLC boosted its position in Ultra Clean by 2,262.5% during the second quarter. Mackay Shields LLC now owns 245,700 shares of the semiconductor company’s stock worth $4,079,000 after purchasing an additional 235,300 shares in the last quarter. Hedge funds and other institutional investors own 82.82% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Ultra Clean from a “strong sell” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research report on Friday, September 28th. Stifel Nicolaus boosted their target price on Ultra Clean from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, June 18th. Cowen decreased their target price on Ultra Clean from $28.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 18th. Finally, Standpoint Research upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.20.
Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Thursday, July 26th. The semiconductor company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.02). The firm had revenue of $290.20 million for the quarter, compared to analysts’ expectations of $288.54 million. Ultra Clean had a return on equity of 24.73% and a net margin of 7.68%. The firm’s revenue for the quarter was up 27.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts predict that Ultra Clean Holdings Inc will post 1.88 EPS for the current year.
About Ultra Clean
Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.
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