Envestnet Asset Management Inc. Buys Shares of 31,335 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Envestnet Asset Management Inc. bought a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 31,335 shares of the semiconductor company's stock, valued at approximately $1,126,000. Envestnet Asset Management Inc. owned 0.07% of Ultra Clean at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UCTT. Headlands Technologies LLC acquired a new position in Ultra Clean during the 4th quarter valued at about $26,000. Nisa Investment Advisors LLC lifted its position in Ultra Clean by 107.0% during the 4th 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 during the period. Smartleaf Asset Management LLC lifted its position in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 854 shares during the period. Parkside Financial Bank & Trust lifted its position in Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after purchasing an additional 1,386 shares during the period. Finally, KBC Group NV increased its stake in shares of Ultra Clean by 76.3% in the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 1,108 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Trading Down 2.6 %

UCTT opened at $18.70 on Thursday. The stock has a market capitalization of $843.97 million, a P/E ratio of 233.78, a P/E/G ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 12 month low of $16.66 and a 12 month high of $56.47. The firm's fifty day simple moving average is $22.39 and its 200 day simple moving average is $31.95. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52.

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

Insider Activity at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck purchased 3,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now directly owns 60,695 shares of the company's stock, valued at $1,527,693.15. This represents a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernest E. Maddock purchased 10,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This represents a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UCTT. Oppenheimer lowered their price target on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. StockNews.com cut Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday. TD Cowen lowered their price target on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Needham & Company LLC lowered their price target on Ultra Clean from $40.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Ultra Clean presently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

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.

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