Ameriprise Financial Inc. Lowers Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Ameriprise Financial Inc. reduced its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,936 shares of the semiconductor company's stock after selling 55,451 shares during the period. Ameriprise Financial Inc. owned 0.25% of Ultra Clean worth $4,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of Montreal Can increased its stake in Ultra Clean by 6.4% in the fourth quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company's stock valued at $286,000 after purchasing an additional 478 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 490 shares in the last quarter. Counterpoint Mutual Funds LLC increased 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 acquiring an additional 631 shares in the last quarter. Quarry LP increased its position 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 acquiring an additional 703 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Ultra Clean during the fourth quarter worth about $26,000. 96.06% of the stock is owned by institutional investors.

Insider Activity

In other Ultra Clean news, insider Bill Bentinck purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the purchase, the insider now 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernest E. Maddock purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the purchase, the director now directly owns 11,000 shares in the company, valued at $267,190. This represents a 1,000.00% increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company's stock.

Ultra Clean Stock Performance

Shares of Ultra Clean stock traded down $0.80 on Friday, reaching $19.39. 529,702 shares of the company traded hands, compared to its average volume of 466,366. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $56.47. The company has a 50 day moving average of $20.39 and a 200 day moving average of $29.53. The firm has a market capitalization of $875.44 million, a PE ratio of 242.41, a PEG ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

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

Analyst Ratings Changes

Several research firms have recently commented on UCTT. 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 report on Tuesday, April 29th. Needham & Company LLC decreased 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 report on Tuesday, April 29th. Oppenheimer decreased 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 report on Friday, April 11th. Finally, Wall Street Zen downgraded shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, Ultra Clean has an average rating of "Moderate Buy" and an average price target of $37.00.

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.