Blair William & Co. IL Grows Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Key Points

• Blair William & Co. IL significantly increased its holdings in Ultra Clean Holdings, Inc. by 126.1% in Q1, now owning 22,100 shares valued at approximately $473,000.
• Institutional investors own 96.06% of Ultra Clean's stock, indicating strong support and confidence in the company from major financial players.
• Several analysts have raised their price targets for Ultra Clean, with Needham & Company LLC increasing theirs from $26.00 to $30.00 and maintaining a "buy" rating.

Blair William & Co. IL raised its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 126.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,100 shares of the semiconductor company's stock after acquiring an additional 12,325 shares during the quarter. Blair William & Co. IL's holdings in Ultra Clean were worth $473,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Ultra Clean by 5.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,288 shares of the semiconductor company's stock worth $456,000 after buying an additional 1,068 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Ultra Clean by 2,272.9% in the 1st quarter. GAMMA Investing LLC now owns 29,139 shares of the semiconductor company's stock worth $624,000 after buying an additional 27,911 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Ultra Clean by 444.3% in the 1st quarter. Farther Finance Advisors LLC now owns 12,034 shares of the semiconductor company's stock worth $253,000 after buying an additional 9,823 shares during the period. Bank of America Corp DE lifted its holdings in shares of Ultra Clean by 32.7% in the 4th quarter. Bank of America Corp DE now owns 161,828 shares of the semiconductor company's stock worth $5,818,000 after buying an additional 39,879 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Ultra Clean in the 4th quarter worth $1,126,000. Institutional investors own 96.06% of the company's stock.

Ultra Clean Stock Down 3.7%

Shares of NASDAQ UCTT traded down $0.87 during mid-day trading on Friday, reaching $22.67. 411,125 shares of the company were exchanged, compared to its average volume of 514,449. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -6.71, a P/E/G ratio of 0.89 and a beta of 1.99. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $41.90. The firm has a 50-day moving average of $23.09 and a 200 day moving average of $24.10.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued 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. The firm had revenue of $518.80 million during the quarter, compared to analysts' expectations of $500.83 million. Ultra Clean had a positive return on equity of 5.32% and a negative net margin of 7.15%. The firm's quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. On average, research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Jeffrey L. Mckibben sold 6,294 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total transaction of $131,355.78. Following the completion of the sale, the insider directly owned 21,996 shares in the company, valued at $459,056.52. This represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Paul Yoonku Cho sold 4,084 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $21.06, for a total value of $86,009.04. Following the sale, the general counsel owned 23,345 shares of the company's stock, valued at $491,645.70. This trade represents a 14.89% 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen cut Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. TD Cowen lowered their target price on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Needham & Company LLC upped their target price on Ultra Clean from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th.

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.