Frontier Capital Management Co. LLC Has $76.58 Million Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Frontier Capital Management Co. LLC lowered its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,130,106 shares of the semiconductor company's stock after selling 48,078 shares during the period. Frontier Capital Management Co. LLC owned 4.73% of Ultra Clean worth $76,577,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Deutsche Bank AG grew its holdings in Ultra Clean by 12.8% during the 4th quarter. Deutsche Bank AG now owns 117,495 shares of the semiconductor company's stock worth $4,224,000 after acquiring an additional 13,309 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Ultra Clean by 17.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 267,512 shares of the semiconductor company's stock valued at $9,617,000 after purchasing an additional 39,827 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Ultra Clean by 32.7% in the fourth quarter. Bank of America Corp DE now owns 161,828 shares of the semiconductor company's stock valued at $5,818,000 after purchasing an additional 39,879 shares in the last quarter. Algert Global LLC raised its position in Ultra Clean by 81.4% in the 4th quarter. Algert Global LLC now owns 154,320 shares of the semiconductor company's stock worth $5,548,000 after purchasing an additional 69,256 shares during the last quarter. Finally, Comerica Bank lifted its holdings in Ultra Clean by 25.3% during the 4th quarter. Comerica Bank now owns 107,686 shares of the semiconductor company's stock worth $3,871,000 after buying an additional 21,739 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Price Performance

Shares of UCTT opened at $19.36 on Thursday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock has a market cap of $874.08 million, a P/E ratio of 242.03, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. The stock's 50-day moving average price is $21.57 and its two-hundred day moving average price is $31.31. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, equities analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Activity at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the transaction, the insider now owns 60,695 shares of the company's stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ernest E. Maddock bought 10,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $24.29 per share, with a total value of $242,900.00. Following the completion of the purchase, the director now owns 11,000 shares in the company, valued at $267,190. This represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UCTT. TD Cowen lowered their target price on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Oppenheimer lowered their price objective on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Needham & Company LLC cut 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. Finally, StockNews.com cut shares of Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $37.00.

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.

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