Barclays PLC Boosts Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Barclays PLC raised its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 395.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,577 shares of the semiconductor company's stock after acquiring an additional 66,695 shares during the quarter. Barclays PLC owned approximately 0.19% of Ultra Clean worth $3,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of Ultra Clean by 454.2% during the third 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 during the period. Harbor Capital Advisors Inc. lifted its holdings in Ultra Clean by 130.1% during the 3rd 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 boosted its position in Ultra Clean by 54.2% in the 2nd 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 during the period. Algert Global LLC grew its stake in Ultra Clean by 424.0% in the 3rd quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company's stock worth $3,397,000 after acquiring an additional 68,830 shares in the last quarter. Finally, Royce & Associates LP increased its position in shares of Ultra Clean by 7.5% during the third quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company's stock worth $36,284,000 after acquiring an additional 63,301 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

Analyst Ratings Changes

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

Ultra Clean Stock Up 0.3 %

Shares of NASDAQ:UCTT traded up $0.12 on Tuesday, reaching $36.49. The company had a trading volume of 104,783 shares, compared to its average volume of 370,152. 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 market capitalization of $1.64 billion, a PE ratio of 456.18 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 52-week low of $31.01 and a 52-week high of $56.47. The firm's 50 day simple moving average is $36.61 and its 200-day simple moving average is $40.10.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its earnings results on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $515.88 million. During the same period in the previous year, the company posted ($0.03) earnings per share. The firm's revenue was up 24.2% on a year-over-year basis. As a group, analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Ultra Clean

In related news, COO Harjinder Bajwa acquired 2,500 shares of the firm's 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 transaction, the chief operating officer now directly owns 29,291 shares of the company's stock, valued at $976,269.03. This trade represents a 9.33 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction that occurred 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 owns 18,805 shares of the company's stock, valued at $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 27,500 shares of company stock worth $943,275 over the last three months. Corporate insiders own 2.20% of the company's stock.

Ultra Clean Company 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.