Cresset Asset Management LLC Has $404,000 Stock Position 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 holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 81.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,855 shares of the semiconductor company's stock after selling 83,305 shares during the quarter. Cresset Asset Management LLC's holdings in Ultra Clean were worth $404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of UCTT. Shapiro Capital Management LLC lifted its position in shares of Ultra Clean by 66.8% during 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 during the last quarter. Invesco Ltd. lifted its position in shares of Ultra Clean by 62.9% during the 1st quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company's stock worth $36,005,000 after buying an additional 649,642 shares during the last quarter. Nuveen LLC bought a new stake in shares of Ultra Clean during the 1st quarter worth $6,893,000. Nuveen Asset Management LLC lifted its position in shares of Ultra Clean by 41.3% during the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock worth $25,686,000 after buying an additional 208,910 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Ultra Clean during the 4th quarter worth $3,988,000. 96.06% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Paul Yoonku Cho sold 4,084 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $21.06, for a total value of $86,009.04. Following the completion of the sale, the general counsel owned 23,345 shares of the company's stock, valued at approximately $491,645.70. This represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey L. Mckibben sold 6,294 shares of the 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 completion of the sale, the insider directly owned 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 disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC upped their price objective on Ultra Clean from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $30.67.

Ultra Clean Trading Down 3.1%

Shares of UCTT stock traded down $0.76 on Friday, hitting $24.02. The company had a trading volume of 372,441 shares, compared to its average volume of 396,058. The firm has a market cap of $1.09 billion, a P/E ratio of -7.11, a P/E/G ratio of 0.94 and a beta of 1.99. The stock's 50-day moving average is $23.65 and its two-hundred day moving average is $23.13. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.86 and a current ratio of 3.06. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $41.90.

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

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.