Greenwood Capital Associates LLC Sells 5,784 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)
Aug 16, 2023
Greenwood Capital Associates LLC cut its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,655 shares of the semiconductor company's stock after selling 5,784 shares during the quarter. Greenwood Capital Associates LLC's holdings in Ultra Clean were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Ultra Clean by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,539,254 shares of the semiconductor company's stock worth $91,136,000 after acquiring an additional 24,071 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ultra Clean by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,301,761 shares of the semiconductor company's stock worth $76,303,000 after purchasing an additional 195,177 shares during the last quarter. Shapiro Capital Management LLC lifted its position in shares of Ultra Clean by 2.6% during the 1st quarter. Shapiro Capital Management LLC now owns 1,930,029 shares of the semiconductor company's stock valued at $64,000,000 after buying an additional 48,683 shares in the last quarter. State Street Corp grew its stake in Ultra Clean by 1.7% during the 3rd quarter. State Street Corp now owns 1,536,802 shares of the semiconductor company's stock valued at $39,573,000 after acquiring an additional 26,356 shares in the last quarter. Finally, Boston Partners increased its position in shares of Ultra Clean by 9.8% during the 4th quarter. Boston Partners now owns 907,505 shares of the semiconductor company's stock worth $30,593,000 after purchasing an additional 81,324 shares during the last quarter. Institutional investors own 83.61% of the company's stock.
In related news, insider Bill Bentinck sold 9,784 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $36.19, for a total value of $354,082.96. Following the completion of the sale, the insider now directly owns 50,775 shares of the company's stock, valued at approximately $1,837,547.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.10% of the company's stock.
Several analysts recently commented on UCTT shares. TD Cowen upped their price target on shares of Ultra Clean from $34.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 28th. TheStreet lowered shares of Ultra Clean from a "b-" rating to a "c+" rating in a report on Tuesday, May 9th. StockNews.com assumed coverage on shares of Ultra Clean in a research report on Thursday, August 17th. They set a "hold" rating on the stock. Craig Hallum upgraded shares of Ultra Clean from a "hold" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Friday, July 28th. Finally, Needham & Company LLC decreased their target price on Ultra Clean from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Friday, August 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ultra Clean has an average rating of "Moderate Buy" and an average target price of $42.50.
Check Out Our Latest Stock Analysis on Ultra Clean
NASDAQ:UCTT traded up $0.29 during mid-day trading on Thursday, reaching $35.18. 65,698 shares of the company's stock were exchanged, compared to its average volume of 278,892. The business's fifty day simple moving average is $35.74 and its two-hundred day simple moving average is $33.23. Ultra Clean Holdings, Inc. has a one year low of $23.32 and a one year high of $40.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.82 and a current ratio of 3.18. The firm has a market capitalization of $1.58 billion, a PE ratio of 65.83 and a beta of 2.00.
Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.14 EPS for the quarter. Ultra Clean had a net margin of 1.20% and a return on equity of 10.30%. The company had revenue of $421.50 million during the quarter, compared to the consensus estimate of $434.98 million.
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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