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

Two Sigma Investments LP lowered its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent disclosure 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.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Ultra Clean by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock valued at $173,826,000 after acquiring an additional 129,616 shares in the last quarter. Shapiro Capital Management LLC boosted its holdings in Ultra Clean by 66.8% in the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock valued at $98,736,000 after acquiring an additional 1,099,899 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ultra Clean by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company's stock valued at $86,526,000 after buying an additional 77,307 shares in the last quarter. Boston Partners grew its position in shares of Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock worth $37,625,000 after buying an additional 718,717 shares during the period. Finally, Royce & Associates LP grew its position in shares of Ultra Clean by 2.1% in the 4th quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company's stock worth $33,350,000 after buying an additional 18,991 shares during the period. Institutional investors own 96.06% of the company's stock.

Insiders Place Their Bets

In other Ultra Clean news, SVP Jamie J. Palfrey sold 9,500 shares of the business'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 transaction, the senior vice president now owns 30,465 shares of the company's stock, valued at approximately $584,928. The trade was a 23.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bill Bentinck bought 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now owns 60,695 shares in the company, valued at $1,527,693.15. The trade was a 5.20% increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on UCTT. Oppenheimer reduced their target price on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. TD Cowen reduced their target price 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. Wall Street Zen downgraded shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, Needham & Company LLC reduced their target price 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. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.00.

Ultra Clean Stock Up 2.2%

Ultra Clean stock traded up $0.45 during mid-day trading on Wednesday, reaching $21.04. The stock had a trading volume of 269,405 shares, compared to its average volume of 466,059. The company has a market capitalization of $949.93 million, a price-to-earnings ratio of 263.03, a PEG ratio of 0.51 and a beta of 2.09. The company has a 50-day moving average price of $20.26 and a two-hundred day moving average price of $29.33. Ultra Clean Holdings, Inc. has a one year low of $16.66 and a one year high of $56.47. 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 issued its 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). Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The business had revenue of $518.60 million during the quarter, compared to analysts' expectations of $526.13 million. During the same period last year, the firm posted $0.27 EPS. Ultra Clean's quarterly revenue was up 8.6% compared to the same quarter last year. On average, 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.