Ameriprise Financial Inc. Sells 55,451 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Ameriprise Financial Inc. reduced its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 32.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,936 shares of the semiconductor company's stock after selling 55,451 shares during the period. Ameriprise Financial Inc. owned about 0.25% of Ultra Clean worth $4,060,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UCTT. Boston Partners boosted its position in Ultra Clean by 227.1% during the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock valued at $37,625,000 after purchasing an additional 718,717 shares during the last quarter. Goodman Financial Corp bought a new stake in Ultra Clean in the fourth quarter valued at approximately $13,900,000. Oberweis Asset Management Inc. raised its stake in Ultra Clean by 39.4% in the fourth quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company's stock valued at $22,048,000 after buying an additional 173,200 shares during the period. Barclays PLC raised its stake in Ultra Clean by 172.2% in the fourth quarter. Barclays PLC now owns 227,502 shares of the semiconductor company's stock valued at $8,178,000 after buying an additional 143,925 shares during the period. Finally, Vanguard Group Inc. raised its stake in Ultra Clean by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock valued at $173,826,000 after buying an additional 129,616 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on UCTT shares. TD Cowen dropped their price objective on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Oppenheimer lowered their target price on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Needham & Company LLC lowered their target price on Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Ultra Clean Price Performance

Shares of UCTT stock traded down $0.08 during trading hours on Thursday, reaching $20.19. The company's stock had a trading volume of 357,917 shares, compared to its average volume of 464,517. The firm's 50 day simple moving average is $20.58 and its 200-day simple moving average is $29.80. The company has a market capitalization of $911.56 million, a price-to-earnings ratio of 252.41, a PEG ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52.

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

Insider Activity at Ultra Clean

In related news, insider Bill Bentinck bought 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 acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest E. Maddock acquired 10,000 shares of the company's stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost 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 trade 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 company 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.