BNP Paribas Financial Markets Decreases Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

BNP Paribas Financial Markets cut its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTTFree Report) by 48.1% during the fourth quarter, HoldingsChannel reports. The firm owned 22,446 shares of the semiconductor company’s stock after selling 20,786 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ultra Clean were worth $766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UCTT. Stoneridge Investment Partners LLC purchased a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $202,000. Versor Investments LP purchased a new position in shares of Ultra Clean in the fourth quarter worth $427,000. Charles Schwab Investment Management Inc. raised its stake in Ultra Clean by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock worth $20,207,000 after acquiring an additional 46,076 shares during the last quarter. Summit Global Investments lifted its holdings in shares of Ultra Clean by 44.1% during the fourth quarter. Summit Global Investments now owns 37,353 shares of the semiconductor company’s stock worth $1,275,000 after purchasing an additional 11,429 shares during the period. Finally, Natixis Advisors L.P. lifted its stake in Ultra Clean by 8.8% during the 4th quarter. Natixis Advisors L.P. now owns 113,210 shares of the semiconductor company’s stock valued at $3,864,000 after acquiring an additional 9,118 shares during the period. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Insider Transactions at Ultra Clean

In other Ultra Clean news, SVP Jamie J. Palfrey sold 5,744 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total value of $249,864.00. Following the completion of the sale, the senior vice president now owns 23,693 shares in the company, valued at $1,030,645.50. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, SVP Jamie J. Palfrey sold 5,744 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $43.50, for a total transaction of $249,864.00. Following the completion of the sale, the senior vice president now directly owns 23,693 shares of the company’s stock, valued at $1,030,645.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Paul Yoonku Cho sold 3,449 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $44.79, for a total value of $154,480.71. Following the transaction, the general counsel now owns 17,166 shares in the company, valued at approximately $768,865.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,021 shares of company stock valued at $1,980,924. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

UCTT has been the topic of a number of analyst reports. TD Cowen raised their price objective on shares of Ultra Clean from $47.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC raised their target price on Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Get Our Latest Analysis on Ultra Clean

Ultra Clean Trading Up 3.4 %

UCTT opened at $47.02 on Friday. The business has a fifty day simple moving average of $43.86 and a 200-day simple moving average of $38.74. Ultra Clean Holdings, Inc. has a 52 week low of $22.15 and a 52 week high of $49.25. The firm has a market cap of $2.10 billion, a P/E ratio of -57.34 and a beta of 2.02. The company has a quick ratio of 1.58, a current ratio of 2.76 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTTGet Free Report) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $477.70 million during the quarter, compared to analysts’ expectations of $455.00 million. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%.

Ultra Clean Profile

(Free Report)

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.

Recommended Stories

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:UCTTFree Report).

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.