Nuveen LLC Invests $6.89 Million in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Nuveen LLC acquired 321,968 shares of Ultra Clean Holdings, Inc., valued at approximately $6.89 million, bringing their total ownership to 0.71% as of the latest SEC filing.
• A number of institutional investors increased their stakes in Ultra Clean, highlighting a growing interest in the semiconductor company, which is now 96.06% owned by institutional investors.
• Ultra Clean reported earnings of $0.27 per share for the last quarter, meeting consensus estimates, while revenue was slightly above expectations at $518.8 million.

Nuveen LLC purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 321,968 shares of the semiconductor company's stock, valued at approximately $6,893,000. Nuveen LLC owned approximately 0.71% of Ultra Clean as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Byrne Asset Management LLC acquired a new stake in Ultra Clean in the first quarter valued at approximately $25,000. Versant Capital Management Inc grew its position in Ultra Clean by 386.9% in the first quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 1,122 shares in the last quarter. Quarry LP grew its position in Ultra Clean by 58.1% in the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 703 shares in the last quarter. CWM LLC grew its position in Ultra Clean by 29.1% in the first quarter. CWM LLC now owns 4,725 shares of the semiconductor company's stock valued at $101,000 after acquiring an additional 1,064 shares in the last quarter. Finally, Palouse Capital Management Inc. grew its position in Ultra Clean by 45.0% in the first quarter. Palouse Capital Management Inc. now owns 8,254 shares of the semiconductor company's stock valued at $177,000 after acquiring an additional 2,562 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Stock Performance

Shares of UCTT traded up $0.79 during mid-day trading on Thursday, hitting $24.78. The stock had a trading volume of 360,094 shares, compared to its average volume of 526,650. The company has a market cap of $1.12 billion, a PE ratio of -7.33, a PEG ratio of 0.93 and a beta of 1.99. The company's fifty day simple moving average is $23.48 and its two-hundred day simple moving average is $23.41. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $41.90.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.27. Ultra Clean had a negative net margin of 7.15% and a positive return on equity of 5.32%. The company had revenue of $518.80 million for the quarter, compared to the consensus estimate of $500.83 million. During the same period last year, the firm posted $0.32 EPS. The company's revenue for the quarter was up .5% on a year-over-year basis. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. On average, equities analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UCTT shares. Needham & Company LLC increased their price objective on shares of Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ultra Clean currently has a consensus rating of "Buy" and an average target price of $30.67.

Insider Buying and Selling

In other news, General Counsel Paul Yoonku Cho sold 4,084 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $21.06, for a total transaction of $86,009.04. Following the sale, the general counsel directly owned 23,345 shares in the company, valued at approximately $491,645.70. This represents a 14.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total value of $131,355.78. Following the sale, the insider owned 21,996 shares in the company, valued at $459,056.52. The trade was a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

Ultra Clean Profile

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.