12,080 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Purchased by New World Advisors LLC

New World Advisors LLC purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,080 shares of the semiconductor company's stock, valued at approximately $259,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Ultra Clean in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC grew its stake in shares of Ultra Clean by 694.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 854 shares during the period. Byrne Asset Management LLC purchased a new position in shares of Ultra Clean during the first quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings 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 during the last quarter. Finally, Quarry LP lifted its position in Ultra Clean by 58.1% during the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 703 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ultra Clean

In other news, SVP Jamie J. Palfrey sold 9,500 shares of the firm'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 directly owns 30,465 shares in the company, valued at $584,928. This trade represents a 23.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Paul Yoonku Cho sold 4,084 shares of Ultra Clean 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 transaction, the general counsel now owns 23,345 shares in the company, valued at approximately $491,645.70. This trade represents a 14.89% 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. Company insiders own 1.90% of the company's stock.

Ultra Clean Stock Performance

NASDAQ UCTT traded up $0.40 during trading hours on Thursday, hitting $22.62. 389,173 shares of the company's stock traded hands, compared to its average volume of 487,630. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $56.47. The firm has a market capitalization of $1.02 billion, a P/E ratio of 36.48, a P/E/G ratio of 0.88 and a beta of 2.05. 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 business's fifty day moving average price is $20.56 and its two-hundred day moving average price is $27.53.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). The business had revenue of $518.60 million for 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 revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. Equities research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on UCTT shares. Wall Street Zen downgraded shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. 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 research note on Tuesday, April 29th. TD Cowen cut their price objective on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Finally, Oppenheimer reduced 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 analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.00.

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.