Truvestments Capital LLC Lowers Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Truvestments Capital LLC reduced its position in 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 institutional investor 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 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in UCTT. Meeder Asset Management Inc. acquired a new position in shares of Ultra Clean during the fourth quarter worth $59,000. TFO Wealth Partners LLC increased its position in shares of Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 2,716 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Ultra Clean in the first quarter worth about $96,000. PNC Financial Services Group Inc. boosted its holdings in Ultra Clean by 19.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 514 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in Ultra Clean during the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, SVP Jamie J. Palfrey sold 5,744 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $43.50, for a total value of $249,864.00. Following the transaction, the senior vice president now directly owns 23,693 shares of the company’s stock, valued at approximately $1,030,645.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Sheri Savage sold 15,319 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $46.00, for a total value of $704,674.00. Following the transaction, the chief financial officer now directly owns 75,044 shares in the company, valued at approximately $3,452,024. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jamie J. Palfrey sold 5,744 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $43.50, for a total value of $249,864.00. Following the completion of the sale, the senior vice president now directly owns 23,693 shares in the company, valued at $1,030,645.50. The disclosure for this sale can be found here. Insiders sold 110,314 shares of company stock valued at $5,370,214 in the last quarter. Company insiders own 2.20% of the company’s stock.

Ultra Clean Price Performance

Shares of Ultra Clean stock traded up $0.68 during trading on Friday, hitting $45.81. The stock had a trading volume of 862,790 shares, compared to its average volume of 451,755. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. The business has a fifty day moving average of $48.57 and a two-hundred day moving average of $44.33. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $56.47. The firm has a market cap of $2.05 billion, a P/E ratio of -55.87 and a beta of 2.13.

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

Analyst Upgrades and Downgrades

UCTT has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and set a $56.00 target price on shares of Ultra Clean in a research note on Friday. Craig Hallum increased their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday. Finally, TD Cowen raised their target price on shares of Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

About 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.