GAMMA Investing LLC Grows Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

GAMMA Investing LLC boosted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 2,272.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,139 shares of the semiconductor company's stock after purchasing an additional 27,911 shares during the quarter. GAMMA Investing LLC owned approximately 0.06% of Ultra Clean worth $624,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UCTT. Ellevest Inc. lifted its position in shares of Ultra Clean by 3.5% during the 4th quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company's stock valued at $477,000 after buying an additional 445 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Ultra Clean by 6.4% in the fourth quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company's stock worth $286,000 after buying an additional 478 shares in the last quarter. Counterpoint Mutual Funds LLC grew its stake in Ultra Clean by 5.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company's stock valued at $438,000 after acquiring an additional 631 shares in the last quarter. Quarry LP lifted its stake in Ultra Clean by 58.1% in the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock worth $69,000 after purchasing an additional 703 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Ultra Clean in the 4th quarter valued at $26,000. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Trading Up 0.5%

UCTT traded up $0.11 on Thursday, hitting $20.37. The company had a trading volume of 443,652 shares, compared to its average volume of 483,999. The company's fifty day moving average price is $20.41 and its 200 day moving average price is $28.16. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The company has a current ratio of 3.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $919.71 million, a P/E ratio of 32.85, a PEG ratio of 0.79 and a beta of 2.05.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly 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 analysts' expectations of $526.13 million. Ultra Clean had a net margin of 1.31% and a return on equity of 5.50%. Ultra Clean's revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.27 earnings per share. As a group, equities analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Activity

In other news, SVP Jamie J. Palfrey sold 9,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total value of $182,400.00. Following the completion of the transaction, the senior vice president now owns 30,465 shares of the company's stock, valued at approximately $584,928. This trade represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Paul Yoonku Cho sold 4,084 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $21.06, for a total transaction of $86,009.04. Following the sale, the general counsel now directly owns 23,345 shares in the company, valued at approximately $491,645.70. The trade was a 14.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,878 shares of company stock valued at $399,765. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.