Janus Henderson Group PLC Sells 258,699 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Janus Henderson Group PLC decreased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 47.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 282,531 shares of the semiconductor company's stock after selling 258,699 shares during the period. Janus Henderson Group PLC owned about 0.63% of Ultra Clean worth $11,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of UCTT. Assenagon Asset Management S.A. increased its holdings in 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 valued at $13,380,000 after purchasing an additional 274,628 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Ultra Clean by 130.1% in the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company's stock valued at $14,663,000 after buying an additional 207,633 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of Ultra Clean by 54.2% in the second quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company's stock valued at $17,947,000 after buying an additional 128,670 shares in the last quarter. Algert Global LLC raised its holdings in shares of Ultra Clean by 424.0% in the third quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company's stock valued at $3,397,000 after buying an additional 68,830 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Ultra Clean by 7.5% during the 3rd quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company's stock worth $36,284,000 after buying an additional 63,301 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Insiders Place Their Bets

In related news, COO Harjinder Bajwa bought 2,500 shares of Ultra Clean stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of $33.33 per share, with a total value of $83,325.00. Following the purchase, the chief operating officer now owns 29,291 shares in the company, valued at approximately $976,269.03. This trade represents a 9.33 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.20, for a total value of $130,720.40. Following the transaction, the insider now owns 18,805 shares of the company's stock, valued at approximately $718,351. This trade represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired 27,500 shares of company stock worth $943,275 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Ultra Clean Trading Down 0.8 %

NASDAQ UCTT traded down $0.29 during trading hours on Monday, hitting $37.79. The company's stock had a trading volume of 261,552 shares, compared to its average volume of 371,935. The stock has a fifty day moving average of $37.11 and a 200 day moving average of $40.81. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.70 billion, a P/E ratio of 472.43 and a beta of 2.09. Ultra Clean Holdings, Inc. has a twelve month low of $28.38 and a twelve month high of $56.47.

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

Analyst Ratings Changes

A number of brokerages have weighed in on UCTT. Oppenheimer began coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 target price for the company. Needham & Company LLC lowered their price target on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating for the company in a report on Tuesday, October 29th. Finally, TD Cowen reduced their price objective on Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Ultra Clean presently has an average rating of "Buy" and an average price target of $57.75.

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.