Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 35.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,193 shares of the semiconductor company's stock after selling 118,903 shares during the quarter. Assenagon Asset Management S.A. owned about 0.48% of Ultra Clean worth $7,772,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its stake in Ultra Clean by 130.1% during 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 during the last quarter. Hood River Capital Management LLC grew its holdings 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 purchasing an additional 128,670 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ultra Clean by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock worth $20,209,000 after purchasing an additional 110,403 shares during the last quarter. Algert Global LLC raised its stake in Ultra Clean by 424.0% during the third quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company's stock valued at $3,397,000 after purchasing an additional 68,830 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Ultra Clean by 395.1% in the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock worth $3,337,000 after buying an additional 66,695 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UCTT shares. Oppenheimer initiated coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 price objective for the company. Needham & Company LLC dropped their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating for the company in a research note on Tuesday, October 29th. Finally, TD Cowen cut their price objective on shares of Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th.

Ultra Clean Trading Up 1.6 %

UCTT traded up $0.62 during trading on Monday, hitting $38.64. 229,150 shares of the stock were exchanged, compared to its average volume of 252,606. Ultra Clean Holdings, Inc. has a 1 year low of $32.08 and a 1 year high of $56.47. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 483.06 and a beta of 2.10. The firm has a 50 day simple moving average of $37.09 and a 200 day simple moving average of $38.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75.

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

Insider Buying and Selling

In other Ultra Clean news, COO Harjinder Bajwa bought 2,500 shares of Ultra Clean stock in a transaction that occurred on Thursday, October 31st. The shares were bought 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 approximately $976,269.03. This represents a 9.33 % increase in their position. The transaction 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 firm's 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 completion of the sale, the insider now directly owns 18,805 shares of the company's stock, valued at approximately $718,351. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders purchased 27,500 shares of company stock worth $943,275 in the last three months. 2.20% of the stock is owned by insiders.

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.