Congress Asset Management Co. MA grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 823,957 shares of the semiconductor company’s stock after acquiring an additional 223,865 shares during the quarter. Congress Asset Management Co. MA owned 1.84% of Ultra Clean worth $24,447,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Dark Forest Capital Management LP boosted its position in shares of Ultra Clean by 6,364.3% during the first quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company’s stock worth $30,000 after buying an additional 891 shares during the period. Tower Research Capital LLC TRC boosted its position in Ultra Clean by 813.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company’s stock valued at $44,000 after purchasing an additional 1,187 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Ultra Clean during the second quarter valued at approximately $48,000. Worth Asset Management LLC acquired a new position in Ultra Clean during the first quarter valued at approximately $49,000. Finally, Captrust Financial Advisors boosted its position in Ultra Clean by 76.9% during the first quarter. Captrust Financial Advisors now owns 2,026 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 881 shares during the last quarter. 83.61% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, SVP Jamie J. Palfrey sold 6,932 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $25.68, for a total value of $178,013.76. Following the completion of the sale, the senior vice president now owns 20,970 shares of the company’s stock, valued at $538,509.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, General Counsel Paul Yoonku Cho sold 4,689 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.38, for a total value of $133,073.82. Following the completion of the sale, the general counsel now owns 15,147 shares of the company’s stock, valued at $429,871.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jamie J. Palfrey sold 6,932 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $25.68, for a total transaction of $178,013.76. Following the sale, the senior vice president now directly owns 20,970 shares of the company’s stock, valued at approximately $538,509.60. The disclosure for this sale can be found here. Insiders sold a total of 19,541 shares of company stock valued at $520,957 over the last ninety days. 2.10% of the stock is currently owned by company insiders.
Ultra Clean Trading Down 2.0 %
Ultra Clean (NASDAQ:UCTT – Get Free Report) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported ($0.03) EPS for the quarter. Ultra Clean had a return on equity of 5.31% and a net margin of 0.03%. The company had revenue of $435.00 million for the quarter, compared to the consensus estimate of $449.96 million.
Analyst Ratings Changes
UCTT has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $45.00 price target on shares of Ultra Clean in a research report on Thursday, October 26th. TheStreet raised Ultra Clean from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Finally, StockNews.com assumed coverage on Ultra Clean in a research report on Thursday, October 5th. They issued a “hold” rating for the company. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.33.
Ultra Clean Profile
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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