Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 428,412 shares of the semiconductor company's stock after selling 23,750 shares during the period. Bank of New York Mellon Corp owned approximately 0.96% of Ultra Clean worth $14,206,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ultra Clean by 1.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,413 shares of the semiconductor company's stock worth $644,000 after acquiring an additional 365 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Ultra Clean by 5.5% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 9,788 shares of the semiconductor company's stock worth $324,000 after purchasing an additional 510 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in Ultra Clean by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 26,485 shares of the semiconductor company's stock worth $878,000 after buying an additional 516 shares during the period. Arizona State Retirement System lifted its stake in Ultra Clean by 4.6% during the fourth quarter. Arizona State Retirement System now owns 12,819 shares of the semiconductor company's stock valued at $425,000 after buying an additional 563 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its holdings in shares of Ultra Clean by 16.1% in the first quarter. Guggenheim Capital LLC now owns 4,781 shares of the semiconductor company's stock worth $203,000 after buying an additional 664 shares during the period. Institutional investors and hedge funds own 83.61% of the company's stock.

Shares of UCTT stock opened at $34.89 on Thursday. Ultra Clean Holdings, Inc. has a fifty-two week low of $23.32 and a fifty-two week high of $40.80. The stock's 50-day moving average is $35.74 and its two-hundred day moving average is $33.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.18 and a quick ratio of 1.82. The firm has a market cap of $1.56 billion, a P/E ratio of 65.83 and a beta of 2.00.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.14 EPS for the quarter. The firm had revenue of $421.50 million for the quarter, compared to the consensus estimate of $434.98 million. Ultra Clean had a return on equity of 10.30% and a net margin of 1.20%.

In other Ultra Clean news, insider Bill Bentinck sold 9,784 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $36.19, for a total transaction of $354,082.96. Following the transaction, the insider now directly owns 50,775 shares of the company's stock, valued at $1,837,547.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is owned by company insiders.

UCTT has been the subject of several research analyst reports. Needham & Company LLC reduced their price target on shares of Ultra Clean from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, August 25th. TheStreet cut Ultra Clean from a "b-" rating to a "c+" rating in a research report on Tuesday, May 9th. Craig Hallum raised Ultra Clean from a "hold" rating to a "buy" rating and set a $60.00 price target on the stock in a research report on Friday, July 28th. StockNews.com began coverage on Ultra Clean in a research note on Thursday, August 17th. They issued a "hold" rating for the company. Finally, TD Cowen upped their target price on Ultra Clean from $34.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $42.50.

Get Our Latest Stock Analysis on Ultra Clean

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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