BNP Paribas Financial Markets Boosts Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

BNP Paribas Financial Markets increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 109.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,182 shares of the semiconductor company's stock after buying an additional 34,645 shares during the period. BNP Paribas Financial Markets owned 0.15% of Ultra Clean worth $2,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UCTT. Vaughan Nelson Investment Management L.P. raised its position in shares of Ultra Clean by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company's stock worth $42,179,000 after acquiring an additional 52,075 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Ultra Clean by 130.1% in the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company's stock worth $14,663,000 after purchasing an additional 207,633 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in Ultra Clean in the third quarter valued at approximately $1,048,000. Assenagon Asset Management S.A. boosted its holdings in shares of Ultra Clean by 454.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company's stock worth $13,380,000 after buying an additional 274,628 shares in the last quarter. Finally, Lodestar Private Asset Management LLC acquired a new stake in shares of Ultra Clean during the 3rd quarter worth approximately $885,000. Institutional investors and hedge funds own 96.06% of the company's stock.

Wall Street Analysts Forecast Growth

UCTT has been the topic of several research analyst reports. Needham & Company LLC cut their target price on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. TD Cowen dropped their price objective on shares of Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Finally, Oppenheimer assumed coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 target price for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $57.75.

Ultra Clean Stock Up 1.4 %

Shares of UCTT traded up $0.52 on Friday, reaching $38.08. The company's stock had a trading volume of 274,382 shares, compared to its average volume of 352,305. Ultra Clean Holdings, Inc. has a twelve month low of $27.58 and a twelve month high of $56.47. The stock has a market capitalization of $1.72 billion, a PE ratio of 476.06 and a beta of 2.09. 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 firm has a fifty day moving average of $37.15 and a 200-day moving average of $40.93.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $540.40 million during the quarter, compared to the consensus estimate of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company's quarterly revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) earnings per share. Equities analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Insider Buying and Selling at Ultra Clean

In other news, insider Jeffrey L. Mckibben sold 3,422 shares of the firm's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the sale, the insider now directly owns 18,805 shares of the company's stock, valued at $718,351. This trade represents a 15.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Harjinder Bajwa purchased 2,500 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of $33.33 per share, for a total transaction of $83,325.00. Following the completion of the acquisition, the chief operating officer now directly owns 29,291 shares in the company, valued at $976,269.03. The trade was a 9.33 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 27,500 shares of company stock worth $943,275. Corporate insiders own 2.20% of the company's stock.

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.