Man Group plc Sells 41,463 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Man Group plc reduced its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,657 shares of the semiconductor company's stock after selling 41,463 shares during the period. Man Group plc owned about 0.14% of Ultra Clean worth $2,253,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. 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. Oppenheimer lowered their price target on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 11th. TD Cowen reduced their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, Wall Street Zen cut shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.00.

Insider Transactions at Ultra Clean

In other news, Director Ernest E. Maddock bought 10,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jamie J. Palfrey sold 9,500 shares of the business's stock in a transaction on 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 owns 30,465 shares of the company's stock, valued at $584,928. This trade represents a 23.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.20% of the company's stock.

Ultra Clean Trading Down 1.2%

Shares of Ultra Clean stock traded down $0.25 on Wednesday, reaching $20.43. 75,636 shares of the company's stock were exchanged, compared to its average volume of 462,833. The company has a market capitalization of $922.39 million, a P/E ratio of 255.59, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $56.47. The firm's 50-day moving average is $20.66 and its two-hundred day moving average is $29.86. 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 (NASDAQ:UCTT - Get Free Report) last released 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 for 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 firm's revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 EPS. Sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

About Ultra Clean

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.