Two Sigma Investments LP Trims Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Two Sigma Investments LP reduced its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 42.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,390 shares of the semiconductor company's stock after selling 36,260 shares during the period. Two Sigma Investments LP owned 0.11% of Ultra Clean worth $1,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in UCTT. Shapiro Capital Management LLC increased its stake in Ultra Clean by 66.8% in the 4th quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock worth $98,736,000 after buying an additional 1,099,899 shares in the last quarter. Boston Partners boosted its stake in shares of Ultra Clean by 227.1% in the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock worth $37,625,000 after acquiring an additional 718,717 shares during the period. Goodman Financial Corp purchased a new stake in shares of Ultra Clean during the fourth quarter worth about $13,900,000. Nuveen Asset Management LLC raised its stake in Ultra Clean by 41.3% during the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock valued at $25,686,000 after purchasing an additional 208,910 shares during the period. Finally, Oberweis Asset Management Inc. raised its stake in Ultra Clean by 39.4% during the 4th quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company's stock valued at $22,048,000 after purchasing an additional 173,200 shares during the period. 96.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Ultra Clean news, SVP Jamie J. Palfrey sold 9,500 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total value 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 approximately $584,928. This trade represents a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 21,996 shares of the company's stock, valued at $459,056.52. The trade was a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Ultra Clean Stock Up 1.4%

Shares of NASDAQ:UCTT traded up $0.29 during trading on Friday, reaching $20.72. The stock had a trading volume of 590,155 shares, compared to its average volume of 469,683. The firm's 50-day simple moving average is $20.21 and its 200 day simple moving average is $29.07. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a one year low of $16.66 and a one year high of $56.47. The company has a market capitalization of $935.49 million, a P/E ratio of 259.03, a PEG ratio of 0.51 and a beta of 2.09.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its 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 firm 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%. Ultra Clean's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. As a group, research analysts expect 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.