Millennium Management LLC Has $5.85 Million Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Millennium Management LLC decreased its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 38.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,791 shares of the semiconductor company's stock after selling 100,205 shares during the period. Millennium Management LLC owned approximately 0.36% of Ultra Clean worth $5,852,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in UCTT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ultra Clean by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,168 shares of the semiconductor company's stock valued at $905,000 after acquiring an additional 951 shares during the period. Ellevest Inc. raised its stake in shares of Ultra Clean by 3.5% in the 4th quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company's stock worth $477,000 after buying an additional 445 shares in the last quarter. Ethic Inc. lifted its holdings in shares of Ultra Clean by 48.5% in the fourth quarter. Ethic Inc. now owns 13,778 shares of the semiconductor company's stock valued at $495,000 after buying an additional 4,498 shares during the period. Deutsche Bank AG boosted its stake in Ultra Clean by 12.8% during the fourth quarter. Deutsche Bank AG now owns 117,495 shares of the semiconductor company's stock valued at $4,224,000 after buying an additional 13,309 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Ultra Clean by 17.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 267,512 shares of the semiconductor company's stock valued at $9,617,000 after buying an additional 39,827 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Ultra Clean Trading Down 4.0%

NASDAQ UCTT traded down $0.80 on Friday, hitting $19.39. 529,702 shares of the company were exchanged, compared to its average volume of 465,266. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The firm has a market capitalization of $875.44 million, a P/E ratio of 242.41, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. The company's 50 day moving average price is $20.49 and its 200-day moving average price is $29.68.

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). Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. Analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Jamie J. Palfrey sold 9,500 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the transaction, the senior vice president now directly owns 30,465 shares of the company's stock, valued at approximately $584,928. The trade was a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ernest E. Maddock acquired 10,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the transaction, 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 position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company's stock.

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.