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

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 1,122 shares in the last quarter. Alpha Wealth Funds LLC bought a new position in shares of Ultra Clean during the fourth quarter valued at approximately $356,000. AWM Investment Company Inc. boosted its stake in shares of Ultra Clean by 22.0% during the fourth quarter. AWM Investment Company Inc. now owns 184,917 shares of the semiconductor company's stock valued at $6,648,000 after purchasing an additional 33,300 shares in the last quarter. PharVision Advisers LLC purchased a new stake in Ultra Clean during the fourth quarter valued at approximately $291,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Ultra Clean by 6.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,089 shares of the semiconductor company's stock valued at $2,592,000 after acquiring an additional 4,194 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Stock Down 2.1%

Shares of Ultra Clean stock traded down $0.42 during trading on Friday, reaching $19.95. The company's stock had a trading volume of 613,686 shares, compared to its average volume of 484,865. The company has a 50-day simple moving average of $20.43 and a two-hundred day simple moving average of $27.73. The company has a market cap of $900.74 million, a price-to-earnings ratio of 32.18, a P/E/G ratio of 0.78 and a beta of 2.05. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $56.47. The company has a quick ratio of 1.83, a current ratio of 3.03 and a debt-to-equity ratio of 0.50.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted 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 return on equity of 5.50% and a net margin of 1.31%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 EPS. As a group, equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, General Counsel Paul Yoonku Cho sold 4,084 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $21.06, for a total transaction of $86,009.04. Following the completion of the transaction, the general counsel now owns 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the firm'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 transaction, the insider now directly owns 21,996 shares of the company's stock, valued at approximately $459,056.52. This trade represents a 22.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,878 shares of company stock valued at $399,765. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

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

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.