Cresset Asset Management LLC Cuts Stock Holdings in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Cresset Asset Management LLC significantly reduced its stake in Ultra Clean Holdings, Inc., selling 83,305 shares for an overall decrease of 81.5% during the first quarter.
• Ultra Clean's recent earnings report revealed a 0.5% increase in revenue year-over-year, with earnings per share aligning with analysts' consensus at $0.27.
• Institutional investors now control 96.06% of Ultra Clean's stock, highlighting strong institutional interest in the company amidst several hedge fund transactions.

Cresset Asset Management LLC reduced its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 81.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,855 shares of the semiconductor company's stock after selling 83,305 shares during the period. Cresset Asset Management LLC's holdings in Ultra Clean were worth $404,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Byrne Asset Management LLC bought a new position in shares of Ultra Clean in the 1st quarter worth $25,000. Versant Capital Management Inc lifted its holdings 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 worth $30,000 after purchasing an additional 1,122 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Ultra Clean by 481.4% in the 1st quarter. Russell Investments Group Ltd. now owns 2,744 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 2,272 shares in the last quarter. Quarry LP lifted its holdings 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 worth $69,000 after purchasing an additional 703 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Ultra Clean by 29.1% in the 1st quarter. CWM LLC now owns 4,725 shares of the semiconductor company's stock worth $101,000 after purchasing an additional 1,064 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Stock Performance

Shares of NASDAQ UCTT traded up $0.79 during mid-day trading on Thursday, reaching $24.78. 360,094 shares of the company's stock were exchanged, compared to its average volume of 526,650. The firm has a 50-day moving average price of $23.48 and a two-hundred day moving average price of $23.41. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $41.90. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -7.33, a price-to-earnings-growth ratio of 0.93 and a beta of 1.99. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.86.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.27 earnings per share for the quarter, hitting the consensus estimate of $0.27. Ultra Clean had a positive return on equity of 5.32% and a negative net margin of 7.15%.The company had revenue of $518.80 million during the quarter, compared to analyst estimates of $500.83 million. During the same quarter last year, the firm posted $0.32 EPS. The firm's revenue for the quarter was up .5% on a year-over-year basis. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. Analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on UCTT shares. Wall Street Zen cut Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Needham & Company LLC raised their price objective on Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ultra Clean has an average rating of "Buy" and a consensus target price of $30.67.

Insider Transactions at Ultra Clean

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 4,084 shares of Ultra Clean stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $21.06, for a total transaction of $86,009.04. Following the completion of the transaction, the general counsel owned 23,345 shares of the company's stock, valued at $491,645.70. The trade was a 14.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey L. Mckibben sold 6,294 shares of Ultra Clean stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total value of $131,355.78. Following the transaction, the insider directly owned 21,996 shares of the company's stock, valued at $459,056.52. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

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.