Algert Global LLC Buys 69,256 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Algert Global LLC grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 81.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,320 shares of the semiconductor company's stock after buying an additional 69,256 shares during the quarter. Algert Global LLC owned approximately 0.34% of Ultra Clean worth $5,548,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of Montreal Can raised its holdings in shares of Ultra Clean by 6.4% during the fourth quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company's stock worth $286,000 after acquiring an additional 478 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 490 shares in the last quarter. Counterpoint Mutual Funds LLC boosted its position in shares of Ultra Clean by 5.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company's stock worth $438,000 after buying an additional 631 shares during the period. Quarry LP grew its holdings in shares of Ultra Clean by 58.1% during the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock worth $69,000 after buying an additional 703 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Ultra Clean in the 4th quarter valued at approximately $26,000. 96.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ernest E. Maddock acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jamie J. Palfrey sold 9,500 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the sale, the senior vice president now directly owns 30,465 shares in the company, valued at approximately $584,928. The trade was a 23.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on UCTT shares. Needham & Company LLC lowered their price target on shares of Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Oppenheimer lowered their price target on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. TD Cowen decreased their target price on shares of Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, StockNews.com lowered shares of Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Ultra Clean Stock Performance

Shares of Ultra Clean stock traded down $0.11 on Friday, hitting $20.03. The stock had a trading volume of 440,596 shares, compared to its average volume of 453,744. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The stock has a market cap of $904.33 million, a price-to-earnings ratio of 250.41, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The business's 50 day moving average is $21.43 and its two-hundred day moving average is $31.09.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to the consensus estimate of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

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.