Shepherd Kaplan Krochuk LLC Sells 1,000 Shares of Ultra Clean Holdings Inc (NASDAQ:UCTT)

Shepherd Kaplan Krochuk LLC lessened its stake in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 72,000 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Shepherd Kaplan Krochuk LLC owned 0.18% of Ultra Clean worth $1,002,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in UCTT. BNP Paribas Arbitrage SA boosted its stake in shares of Ultra Clean by 451.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,986 shares of the semiconductor company’s stock worth $83,000 after acquiring an additional 6,537 shares during the period. Penserra Capital Management LLC lifted its position in shares of Ultra Clean by 77.1% in the first quarter. Penserra Capital Management LLC now owns 9,315 shares of the semiconductor company’s stock worth $96,000 after buying an additional 4,056 shares in the last quarter. Delta Investment Management LLC purchased a new stake in shares of Ultra Clean in the first quarter worth about $103,000. Virtu Financial LLC purchased a new stake in shares of Ultra Clean in the first quarter worth about $114,000. Finally, Bank of Montreal Can lifted its position in shares of Ultra Clean by 77.1% in the second quarter. Bank of Montreal Can now owns 8,175 shares of the semiconductor company’s stock worth $114,000 after buying an additional 3,559 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

In other Ultra Clean news, CFO Sheri Savage sold 22,574 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $13.13, for a total transaction of $296,396.62. Following the sale, the chief financial officer now directly owns 115,660 shares in the company, valued at $1,518,615.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company’s stock.

UCTT stock traded down $0.35 during midday trading on Friday, reaching $11.72. 293,382 shares of the company traded hands, compared to its average volume of 352,053. Ultra Clean Holdings Inc has a 52-week low of $6.94 and a 52-week high of $15.94. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.87 and a current ratio of 2.93. The business has a 50 day moving average of $13.66 and a 200-day moving average of $12.58. The firm has a market capitalization of $481.66 million, a price-to-earnings ratio of 7.06, a P/E/G ratio of 1.13 and a beta of 1.06.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Ultra Clean had a positive return on equity of 8.16% and a negative net margin of 0.66%. The business had revenue of $265.40 million for the quarter, compared to the consensus estimate of $255.42 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company’s quarterly revenue was down 8.5% compared to the same quarter last year. Research analysts anticipate that Ultra Clean Holdings Inc will post 0.77 earnings per share for the current year.

UCTT has been the topic of a number of research analyst reports. ValuEngine downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded Ultra Clean from a “hold” rating to a “sell” rating in a research report on Saturday, July 27th. Dougherty & Co reiterated a “buy” rating and issued a $18.50 target price (up from $17.00) on shares of Ultra Clean in a research report on Friday, May 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Ultra Clean in a research report on Monday, August 5th. Finally, Cowen reiterated an “outperform” rating and issued a $20.00 target price (up from $16.00) on shares of Ultra Clean in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. Ultra Clean presently has a consensus rating of “Hold” and a consensus price target of $17.63.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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

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