ARP Americas LLC Invests $301,000 in Ultra Clean Holdings, Inc. (UCTT)

ARP Americas LLC bought a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,038 shares of the semiconductor company’s stock, valued at approximately $301,000.

Several other institutional investors have also recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its position in shares of Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 251 shares during the last quarter. Greenwood Capital Associates LLC boosted its position in shares of Ultra Clean Holdings by 3.1% in the first quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock valued at $187,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB purchased a new position in shares of Ultra Clean Holdings during the first quarter valued at approximately $204,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Ultra Clean Holdings during the second quarter valued at approximately $236,000. Finally, CAPROCK Group Inc. boosted its position in shares of Ultra Clean Holdings by 48.7% in the first quarter. CAPROCK Group Inc. now owns 15,345 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 5,025 shares during the last quarter. Institutional investors own 83.33% of the company’s stock.

Ultra Clean Holdings, Inc. (UCTT) opened at 22.00 on Tuesday. The firm has a market capitalization of $735.50 million, a PE ratio of 15.92 and a beta of 1.19. The company’s 50-day moving average is $21.59 and its 200-day moving average is $17.96. Ultra Clean Holdings, Inc. has a 52-week low of $5.94 and a 52-week high of $26.21.

Ultra Clean Holdings (NASDAQ:UCTT) last announced its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.11. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 25.19%. The business had revenue of $228.26 million during the quarter, compared to analyst estimates of $213.92 million. During the same period in the previous year, the business posted $0.10 earnings per share. Ultra Clean Holdings’s revenue for the quarter was up 75.8% on a year-over-year basis. Analysts forecast that Ultra Clean Holdings, Inc. will post $2.28 EPS for the current fiscal year.

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Several equities analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the company a “hold” rating in a research report on Monday, July 10th. Cowen and Company began coverage on shares of Ultra Clean Holdings in a research report on Thursday, June 15th. They set a “market perform” rating and a $26.00 price objective for the company. ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research cut shares of Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.83.

In other Ultra Clean Holdings news, SVP Mark Bingaman sold 36,743 shares of Ultra Clean Holdings stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $23.34, for a total transaction of $857,581.62. Following the completion of the sale, the senior vice president now directly owns 76,670 shares in the company, valued at $1,789,477.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leonid Mezhvinsky sold 6,800 shares of Ultra Clean Holdings stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $23.26, for a total transaction of $158,168.00. Following the sale, the director now owns 33,500 shares of the company’s stock, valued at $779,210. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,484 shares of company stock valued at $2,119,172. 2.60% of the stock is currently owned by company insiders.

Ultra Clean Holdings Company Profile

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

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

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