Nuveen Asset Management LLC Has $25.69 Million Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Nuveen Asset Management LLC increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 41.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 714,504 shares of the semiconductor company's stock after buying an additional 208,910 shares during the period. Nuveen Asset Management LLC owned 1.59% of Ultra Clean worth $25,686,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Common Retirement Fund boosted its holdings in shares of Ultra Clean by 132.6% during the 4th quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company's stock worth $1,302,000 after buying an additional 20,650 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 854 shares during the period. Principal Financial Group Inc. boosted its holdings in Ultra Clean by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company's stock valued at $7,903,000 after purchasing an additional 6,546 shares during the period. Barclays PLC boosted its holdings in Ultra Clean by 395.1% in the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock valued at $3,337,000 after purchasing an additional 66,695 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Ultra Clean in the 4th quarter valued at $3,988,000. 96.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UCTT has been the subject of a number of research reports. TD Cowen reduced their price target 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 reduced their price target on shares of Ultra Clean from $40.00 to $26.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Oppenheimer reduced 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. Finally, Wall Street Zen downgraded shares of Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. 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 currently has an average rating of "Moderate Buy" and an average target price of $37.00.

Ultra Clean Trading Down 1.2%

Shares of NASDAQ UCTT traded down $0.24 during mid-day trading on Wednesday, hitting $20.44. The company's stock had a trading volume of 62,346 shares, compared to its average volume of 462,775. The company's fifty day simple moving average is $20.66 and its 200-day simple moving average is $29.86. Ultra Clean Holdings, Inc. has a one year low of $16.66 and a one year high of $56.47. The stock has a market cap of $922.85 million, a price-to-earnings ratio of 256.21, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. 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 (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data 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). Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm had revenue of $518.60 million for the quarter, compared to the consensus estimate of $526.13 million. During the same period in the previous year, the business earned $0.27 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate 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 dated Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total transaction of $182,400.00. Following the completion of the sale, the senior vice president now owns 30,465 shares of the company's stock, valued at $584,928. This represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ernest E. Maddock acquired 10,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now directly owns 11,000 shares of the company's stock, valued at $267,190. This trade represents a 1,000.00% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.

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.