New York State Teachers Retirement System Has $930,000 Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

New York State Teachers Retirement System decreased its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Rating) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,101 shares of the semiconductor company’s stock after selling 5,889 shares during the quarter. New York State Teachers Retirement System’s holdings in Ultra Clean were worth $930,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Ultra Clean by 5.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 42,863 shares of the semiconductor company’s stock worth $1,102,000 after purchasing an additional 2,359 shares during the period. Peregrine Capital Management LLC lifted its position in shares of Ultra Clean by 8.8% during the 3rd quarter. Peregrine Capital Management LLC now owns 372,100 shares of the semiconductor company’s stock worth $9,582,000 after buying an additional 30,103 shares in the last quarter. Paradigm Capital Management Inc. NY raised its holdings in Ultra Clean by 6.6% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,422,133 shares of the semiconductor company’s stock valued at $36,620,000 after acquiring an additional 87,500 shares during the period. Janney Montgomery Scott LLC grew its position in Ultra Clean by 26.1% in the third quarter. Janney Montgomery Scott LLC now owns 12,053 shares of the semiconductor company’s stock worth $310,000 after acquiring an additional 2,493 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in Ultra Clean during the third quarter valued at about $614,000. 79.20% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Trading Down 0.9 %

NASDAQ:UCTT opened at $32.09 on Friday. The stock has a fifty day simple moving average of $34.06 and a 200 day simple moving average of $31.43. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 25.47 and a beta of 1.98. The company has a quick ratio of 1.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. Ultra Clean Holdings, Inc. has a 1-year low of $23.32 and a 1-year high of $54.42.

Ultra Clean (NASDAQ:UCTTGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The semiconductor company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Ultra Clean had a return on equity of 19.87% and a net margin of 2.40%. The company had revenue of $635.01 million during the quarter, compared to the consensus estimate of $615.00 million. Sell-side analysts forecast that Ultra Clean Holdings, Inc. will post 3.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. DA Davidson reiterated a “buy” rating on shares of Ultra Clean in a research report on Tuesday, January 3rd. StockNews.com started coverage on shares of Ultra Clean in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Cowen reduced their target price on shares of Ultra Clean from $42.00 to $36.00 in a report on Thursday, October 27th. Cowen decreased their target price on shares of Ultra Clean from $42.00 to $36.00 in a research report on Thursday, October 27th. Finally, Craig Hallum downgraded shares of Ultra Clean from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research note on Tuesday, January 10th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Ultra Clean currently has a consensus rating of “Moderate Buy” and an average target price of $36.20.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, COO Vijayan S. Chinnasami sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $35.08, for a total value of $175,400.00. Following the sale, the chief operating officer now owns 162,570 shares of the company’s stock, valued at approximately $5,702,955.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Jamie J. Palfrey sold 1,151 shares of Ultra Clean stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $34.74, for a total transaction of $39,985.74. Following the sale, the senior vice president now owns 21,430 shares of the company’s stock, valued at approximately $744,478.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Vijayan S. Chinnasami sold 5,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $35.08, for a total value of $175,400.00. Following the completion of the sale, the chief operating officer now directly owns 162,570 shares in the company, valued at approximately $5,702,955.60. The disclosure for this sale can be found here. Insiders have sold 23,914 shares of company stock valued at $774,979 in the last 90 days. 2.10% of the stock is currently owned by insiders.

Ultra Clean Company Profile

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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.

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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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