Truvestments Capital LLC Has $434,000 Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Truvestments Capital LLC cut its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 29.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,440 shares of the semiconductor company’s stock after selling 3,984 shares during the period. Truvestments Capital LLC’s holdings in Ultra Clean were worth $434,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UCTT. Vanguard Group Inc. raised its stake in Ultra Clean by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock valued at $148,869,000 after acquiring an additional 148,819 shares during the period. Frontier Capital Management Co. LLC raised its position in shares of Ultra Clean by 37.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock valued at $87,396,000 after purchasing an additional 698,242 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Ultra Clean by 47.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 808,723 shares of the semiconductor company’s stock worth $37,152,000 after buying an additional 260,740 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ultra Clean by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 591,891 shares of the semiconductor company’s stock worth $20,207,000 after buying an additional 46,076 shares during the period. Finally, Pinnacle Associates Ltd. grew its stake in Ultra Clean by 26.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock valued at $14,363,000 after buying an additional 88,349 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Craig Hallum raised their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC reissued a “buy” rating and set a $56.00 price target on shares of Ultra Clean in a report on Friday. Finally, TD Cowen upped their price objective on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Ultra Clean has an average rating of “Moderate Buy” and an average target price of $58.67.

Ultra Clean Stock Performance

NASDAQ UCTT traded up $0.68 during trading on Friday, reaching $45.81. The company’s stock had a trading volume of 862,790 shares, compared to its average volume of 451,755. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $56.47. The firm has a 50 day moving average price of $48.57 and a 200 day moving average price of $44.33. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -55.87 and a beta of 2.13. The company has a current ratio of 2.76, a quick ratio of 1.58 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The business had revenue of $516.10 million for the quarter, compared to the consensus estimate of $490.06 million. Ultra Clean had a positive return on equity of 2.60% and a negative net margin of 0.46%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share.

Insider Buying and Selling

In other news, Director Clarence L. Granger sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $43.50, for a total value of $217,500.00. Following the completion of the transaction, the director now directly owns 92,134 shares in the company, valued at approximately $4,007,829. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Sheri Savage sold 897 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the completion of the sale, the chief financial officer now directly owns 51,678 shares in the company, valued at approximately $2,887,249.86. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Clarence L. Granger sold 5,000 shares of Ultra Clean stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $43.50, for a total value of $217,500.00. Following the completion of the transaction, the director now owns 92,134 shares in the company, valued at approximately $4,007,829. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,314 shares of company stock worth $5,370,214. Company insiders own 2.20% of the company’s stock.

Ultra Clean Company 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.