Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 330 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Rating) by 1.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,991 shares of the semiconductor company’s stock after selling 330 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ultra Clean were worth $463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in Ultra Clean by 291.6% in the 2nd quarter. CWM LLC now owns 932 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 694 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Ultra Clean by 151.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 666 shares during the period. Spire Wealth Management bought a new stake in shares of Ultra Clean during the second quarter valued at about $34,000. Point72 Hong Kong Ltd bought a new stake in shares of Ultra Clean during the second quarter valued at about $48,000. Finally, Worth Asset Management LLC bought a new stake in shares of Ultra Clean during the first quarter valued at about $49,000. 79.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UCTT has been the topic of several analyst reports. Cowen decreased their price target on Ultra Clean from $42.00 to $36.00 in a research report on Thursday, October 27th. Craig Hallum cut Ultra Clean from a “buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research report on Tuesday, January 10th. DA Davidson reiterated a “buy” rating on shares of Ultra Clean in a research report on Tuesday, January 3rd. Needham & Company LLC upped their price target on Ultra Clean from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Tuesday, January 17th. Finally, Cowen cut their price objective on Ultra Clean from $42.00 to $36.00 in a report on Thursday, October 27th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.20.

Insiders Place Their Bets

In other Ultra Clean news, CFO Sheri Savage sold 14,814 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $31.92, for a total value of $472,862.88. Following the completion of the sale, the chief financial officer now owns 85,099 shares of the company’s stock, valued at $2,716,360.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ultra Clean news, CFO Sheri Savage sold 14,814 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $31.92, for a total value of $472,862.88. Following the completion of the sale, the chief financial officer now owns 85,099 shares of the company’s stock, valued at $2,716,360.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Paul Yoonku Cho sold 2,949 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $29.41, for a total value of $86,730.09. Following the sale, the general counsel now directly owns 15,272 shares of the company’s stock, valued at approximately $449,149.52. The disclosure for this sale can be found here. Insiders sold a total of 23,914 shares of company stock valued at $774,979 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Ultra Clean Stock Up 2.0 %

Shares of NASDAQ UCTT opened at $32.73 on Monday. Ultra Clean Holdings, Inc. has a 12 month low of $23.32 and a 12 month high of $53.47. The company has a current ratio of 2.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 25.98 and a beta of 1.98. The business has a 50-day moving average of $34.02 and a 200-day moving average of $31.53.

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

Ultra Clean Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Rating).

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

Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.