Assenagon Asset Management S.A. Decreases Holdings in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Assenagon Asset Management S.A. has reduced its holdings in Ultra Clean Holdings, Inc. by 44.3%, resulting in ownership of 90,558 shares worth $2,044,000 after selling 71,924 shares in the second quarter.
• Several institutional investors have increased their stakes in Ultra Clean, with notable increases such as Versant Capital Management Inc. increasing its position by 386.9%.
• Ultra Clean's stock received a price target increase from $26.00 to $30.00 by Needham & Company LLC, contributing to a consensus rating of "Buy" from three analysts.

Assenagon Asset Management S.A. cut its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 44.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,558 shares of the semiconductor company's stock after selling 71,924 shares during the period. Assenagon Asset Management S.A. owned 0.20% of Ultra Clean worth $2,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new stake in Ultra Clean during the 1st quarter valued at $25,000. Versant Capital Management Inc increased its position in Ultra Clean by 386.9% during 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 during the last quarter. Brooklyn Investment Group bought a new position in Ultra Clean during the first quarter valued at $33,000. AlphaQuest LLC increased its position in Ultra Clean by 1,321.9% during the first quarter. AlphaQuest LLC now owns 2,403 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 2,234 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Ultra Clean by 481.4% during the first quarter. Russell Investments Group Ltd. now owns 2,744 shares of the semiconductor company's stock valued at $59,000 after acquiring an additional 2,272 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC upped their price target on shares of Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $30.67.

Ultra Clean Trading Down 2.5%

UCTT stock opened at $26.97 on Friday. The company has a market capitalization of $1.22 billion, a PE ratio of -7.98, a P/E/G ratio of 1.08 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 12 month low of $16.66 and a 12 month high of $41.90. The firm's 50-day moving average is $24.36 and its 200 day moving average is $22.57. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.86.

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

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.

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