Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Holdings Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 59.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,671 shares of the semiconductor company's stock after selling 39,511 shares during the period. BNP Paribas Financial Markets owned 0.06% of Ultra Clean worth $959,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UCTT. Headlands Technologies LLC acquired a new position in shares of Ultra Clean during the 4th quarter valued at $26,000. Nisa Investment Advisors LLC lifted its holdings in shares of Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 490 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 854 shares in the last quarter. Quarry LP lifted its holdings in shares of Ultra Clean by 58.1% during the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock valued at $69,000 after acquiring an additional 703 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after acquiring an additional 1,386 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Bill Bentinck bought 3,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the purchase, the insider now owns 60,695 shares in the company, valued at $1,527,693.15. This trade represents a 5.20% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jamie J. Palfrey sold 9,500 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total transaction of $182,400.00. Following the sale, the senior vice president now directly owns 30,465 shares of the company's stock, valued at approximately $584,928. This represents a 23.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company's stock.

Ultra Clean Stock Down 1.7%

Shares of Ultra Clean stock traded down $0.34 during trading on Monday, reaching $19.93. The company had a trading volume of 277,484 shares, compared to its average volume of 464,768. The company has a market cap of $899.82 million, a price-to-earnings ratio of 249.16, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. The firm's fifty day moving average is $20.74 and its 200-day moving average is $29.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $56.47.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The company had revenue of $518.60 million during the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, 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.