Raymond James Financial Inc. Buys Shares of 110,930 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Raymond James Financial Inc. acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,930 shares of the semiconductor company's stock, valued at approximately $3,988,000. Raymond James Financial Inc. owned approximately 0.25% of Ultra Clean at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Headlands Technologies LLC bought a new stake in Ultra Clean in the fourth quarter worth $26,000. Nisa Investment Advisors LLC raised its position in shares of Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 490 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 854 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after purchasing an additional 1,386 shares during the last quarter. Finally, KBC Group NV increased its stake in Ultra Clean by 76.3% during the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 1,108 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Ultra Clean Stock Performance

UCTT traded up $1.01 during midday trading on Friday, reaching $19.66. The company had a trading volume of 214,407 shares, compared to its average volume of 443,582. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The company has a market cap of $887.11 million, a P/E ratio of 245.12, a P/E/G ratio of 0.51 and a beta of 2.14. The business has a 50-day moving average of $22.04 and a two-hundred day moving average of $31.79. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly 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 business had revenue of $518.60 million during 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 company's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. As a group, equities research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UCTT has been the subject of a number of recent analyst reports. TD Cowen decreased their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday. StockNews.com downgraded Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday. Needham & Company LLC dropped their price target on shares of Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Oppenheimer decreased their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.00.

Insider Activity at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the business's stock in a transaction on Friday, March 7th. The shares were bought at an average price of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now directly owns 60,695 shares of the company's stock, valued at $1,527,693.15. The trade was a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ernest E. Maddock purchased 10,000 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now owns 11,000 shares of the company's stock, valued at approximately $267,190. The trade was 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.

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.