Romano Brothers AND Company Takes $941,000 Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Romano Brothers AND Company bought a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 43,950 shares of the semiconductor company's stock, valued at approximately $941,000. Romano Brothers AND Company owned approximately 0.10% of Ultra Clean as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UCTT. Headlands Technologies LLC acquired a new stake in Ultra Clean in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC boosted its stake in shares of 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 in the last quarter. Versant Capital Management Inc boosted its stake in shares of Ultra Clean by 386.9% in the 1st 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. Quarry LP boosted its stake in shares of Ultra Clean by 58.1% in the 4th quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 703 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake 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 purchasing an additional 1,386 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UCTT shares. Needham & Company LLC reduced their price target on shares of Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Wall Street Zen downgraded Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. TD Cowen reduced their target price on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Oppenheimer reduced their target price on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.00.

Insider Buying and Selling

In other Ultra Clean news, insider Jeffrey L. Mckibben sold 6,294 shares of Ultra Clean stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total transaction of $131,355.78. Following the completion of the sale, the insider now owns 21,996 shares of the company's stock, valued at approximately $459,056.52. The trade was a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jamie J. Palfrey sold 9,500 shares of Ultra Clean stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total value of $182,400.00. Following the sale, the senior vice president now directly owns 30,465 shares of the company's stock, valued at approximately $584,928. This trade represents a 23.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Ultra Clean Price Performance

UCTT traded up $0.29 during midday trading on Friday, hitting $20.72. The company had a trading volume of 590,155 shares, compared to its average volume of 470,878. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The company has a market capitalization of $935.49 million, a PE ratio of 259.03, a P/E/G ratio of 0.51 and a beta of 2.05. The firm's 50-day simple moving average is $20.21 and its 200-day simple moving average is $29.03. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47.

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 analysts' consensus estimates of $0.31 by ($0.03). The company had revenue of $518.60 million during 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 business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period 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 fiscal year.

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.