Hsbc Holdings PLC Has $228,000 Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Hsbc Holdings PLC decreased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) by 58.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,609 shares of the semiconductor company’s stock after selling 11,934 shares during the period. Hsbc Holdings PLC’s holdings in Ultra Clean were worth $228,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in Ultra Clean by 151.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 666 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Ultra Clean during the 2nd quarter worth approximately $48,000. Worth Asset Management LLC bought a new stake in Ultra Clean during the 1st quarter worth approximately $49,000. Captrust Financial Advisors boosted its position in Ultra Clean by 76.9% in the 1st quarter. Captrust Financial Advisors now owns 2,026 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 881 shares during the last quarter. Finally, Ellevest Inc. boosted its position in Ultra Clean by 28.2% in the 3rd quarter. Ellevest Inc. now owns 2,441 shares of the semiconductor company’s stock valued at $63,000 after buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on UCTT shares. DA Davidson reissued a “buy” rating on shares of Ultra Clean in a research note on Tuesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $39.00 price objective on shares of Ultra Clean in a research note on Thursday, February 23rd. Craig Hallum downgraded Ultra Clean from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, January 10th. Finally, TheStreet raised Ultra Clean from a “c” rating to a “b-” rating in a research note on Wednesday, February 22nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

Ultra Clean Stock Performance

UCTT opened at $29.94 on Friday. The business’s 50-day moving average price is $33.73 and its two-hundred day moving average price is $31.84. Ultra Clean Holdings, Inc. has a 1 year low of $23.32 and a 1 year high of $45.51. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 34.41 and a beta of 1.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.82 and a quick ratio of 1.68.

Insider Buying and Selling at Ultra Clean

In other news, CFO Sheri Savage sold 8,071 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $32.30, for a total value of $260,693.30. Following the completion of the transaction, the chief financial officer now owns 77,028 shares in the company, valued at approximately $2,488,004.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Ultra Clean Profile

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Ultra Clean Holdings, Inc designs, manufactures and sells its products and services primarily to customers in the semiconductor capital equipment industry. It operates through the following segments: Semiconductor Products & Solutions (SPS) and Semiconductor Services Business (SSB). The SPS segment provides warranty on its products for a period of up to two years and provides for warranty costs at the time of sale based on historical activity.