Grace & White Inc. NY Makes New $1.26 Million Investment in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Grace & White Inc. NY purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 58,700 shares of the semiconductor company's stock, valued at approximately $1,257,000. Grace & White Inc. NY owned 0.13% of Ultra Clean at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ellevest Inc. increased its stake in shares of Ultra Clean by 3.5% during the 4th quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company's stock worth $477,000 after purchasing an additional 445 shares in the last quarter. Bank of Montreal Can grew its stake in Ultra Clean by 6.4% in the 4th 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. Counterpoint Mutual Funds LLC grew its stake in Ultra Clean by 5.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company's stock worth $438,000 after acquiring an additional 631 shares during the period. Quarry LP grew its stake in Ultra Clean by 58.1% in the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock worth $69,000 after acquiring an additional 703 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Ultra Clean in the 4th quarter worth approximately $26,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Trading Up 1.8%

Shares of NASDAQ UCTT traded up $0.40 during trading on Thursday, hitting $22.62. 389,173 shares of the company traded hands, compared to its average volume of 488,907. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The company has a 50-day moving average price of $20.64 and a 200-day moving average price of $27.43. The firm has a market capitalization of $1.02 billion, a P/E ratio of 36.48, a P/E/G ratio of 0.87 and a beta of 2.05. The company has a quick ratio of 1.83, a current ratio of 3.03 and a debt-to-equity ratio of 0.50.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). Ultra Clean had a net margin of 1.31% and a return on equity of 5.50%. The company had revenue of $518.60 million for the quarter, compared to analysts' expectations of $526.13 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on UCTT. TD Cowen lowered 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. Needham & Company LLC lowered their target price on shares of Ultra Clean from $40.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen cut shares of Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, Oppenheimer lowered their target price on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ultra Clean presently has an average rating of "Moderate Buy" and an average price target of $37.00.

Insider Activity at Ultra Clean

In related news, General Counsel Paul Yoonku Cho sold 4,084 shares of Ultra Clean stock in a transaction on Friday, June 6th. The shares were sold at an average price of $21.06, for a total transaction of $86,009.04. Following the transaction, the general counsel now owns 23,345 shares in the company, valued at approximately $491,645.70. The trade was a 14.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey L. Mckibben sold 6,294 shares of Ultra Clean stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total transaction of $131,355.78. Following the transaction, the insider now owns 21,996 shares in the company, valued at $459,056.52. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,878 shares of company stock worth $399,765. 1.90% of the stock is currently owned by corporate insiders.

Ultra Clean Company 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.