Algert Global LLC Decreases Stock Holdings in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Algert Global LLC reduced its stake in Ultra Clean Holdings, Inc. by 43.1%, now owning 87,770 shares worth approximately $1.879 million after selling 66,550 shares this quarter.
• Several institutional investors increased their holdings in Ultra Clean, including Versant Capital Management Inc and Russell Investments Group Ltd., demonstrating growing interest in the company.
• As of the last report, Ultra Clean stock has a market capitalization of $1.02 billion and currently trades at around $22.51, with an average analyst rating of "Buy" and a target price of $30.67.

Algert Global LLC decreased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 43.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,770 shares of the semiconductor company's stock after selling 66,550 shares during the period. Algert Global LLC owned approximately 0.19% of Ultra Clean worth $1,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of UCTT. Shapiro Capital Management LLC increased its position in Ultra Clean by 66.8% during the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock valued at $98,736,000 after acquiring an additional 1,099,899 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Ultra Clean by 62.9% during the first quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company's stock valued at $36,005,000 after purchasing an additional 649,642 shares during the period. Nuveen LLC purchased a new stake in shares of Ultra Clean during the first quarter valued at $6,893,000. Nuveen Asset Management LLC boosted its stake in shares of Ultra Clean by 41.3% during the fourth quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock valued at $25,686,000 after purchasing an additional 208,910 shares during the period. Finally, Oberweis Asset Management Inc. boosted its stake in shares of Ultra Clean by 39.4% during the fourth quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company's stock valued at $22,048,000 after purchasing an additional 173,200 shares during the period. Institutional investors own 96.06% of the company's stock.

Analyst Ratings Changes

UCTT has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Needham & Company LLC boosted their target price on shares of Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Ultra Clean has a consensus rating of "Buy" and a consensus target price of $30.67.

Insider Activity

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 4,084 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $21.06, for a total transaction of $86,009.04. Following the completion of the sale, the general counsel directly owned 23,345 shares of the company's stock, valued at approximately $491,645.70. This represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total transaction of $131,355.78. Following the sale, the insider directly owned 21,996 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.90% of the company's stock.

Ultra Clean Stock Up 0.5%

NASDAQ:UCTT traded up $0.13 during mid-day trading on Wednesday, reaching $23.99. The company's stock had a trading volume of 284,907 shares, compared to its average volume of 427,188. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $41.90. The stock has a fifty day moving average of $23.48 and a 200-day moving average of $23.41. The firm has a market capitalization of $1.09 billion, a PE ratio of -7.10, a price-to-earnings-growth ratio of 0.93 and a beta of 1.99. 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 (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.27 earnings per share 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 during the quarter, compared to analyst estimates of $500.83 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm's revenue for the quarter was up .5% compared to the same quarter last year. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. Equities research analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share 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.