Liontrust Investment Partners LLP Purchases New Shares in Ultra Clean Holdings, Inc. $UCTT

Liontrust Investment Partners LLP acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 38,773 shares of the semiconductor company’s stock, valued at approximately $2,411,000.

Several other large investors have also recently added to or reduced their stakes in UCTT. Vanguard Group Inc. lifted its holdings in shares of Ultra Clean by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock worth $126,415,000 after buying an additional 293,048 shares in the last quarter. Invesco Ltd. boosted its position in shares of Ultra Clean by 63.1% in the fourth quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock valued at $86,118,000 after acquiring an additional 1,315,407 shares during the period. State Street Corp grew its stake in shares of Ultra Clean by 5.0% in the fourth quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock valued at $46,923,000 after acquiring an additional 87,931 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Ultra Clean by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock valued at $20,798,000 after acquiring an additional 43,987 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in Ultra Clean during the first quarter worth about $36,486,000. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Price Performance

UCTT stock opened at $83.31 on Friday. The company has a quick ratio of 1.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. Ultra Clean Holdings, Inc. has a 12 month low of $21.28 and a 12 month high of $144.22. The firm has a market cap of $3.73 billion, a P/E ratio of -19.42, a P/E/G ratio of 1.11 and a beta of 1.83. The company’s 50-day moving average price is $100.52 and its two-hundred day moving average price is $75.85.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The company had revenue of $533.70 million during the quarter, compared to the consensus estimate of $525.28 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jeffrey L. Mckibben sold 4,205 shares of Ultra Clean stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $87.00, for a total value of $365,835.00. Following the transaction, the insider directly owned 11,349 shares of the company’s stock, valued at $987,363. This trade represents a 27.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Emily M. Liggett sold 8,198 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total transaction of $755,691.64. Following the transaction, the director owned 38,152 shares of the company’s stock, valued at approximately $3,516,851.36. This represents a 17.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 68,203 shares of company stock valued at $5,838,174 over the last three months. 1.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UCTT shares. Wall Street Zen cut shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group assumed coverage on shares of Ultra Clean in a research report on Tuesday, May 5th. They set a “buy” rating and a $130.00 target price on the stock. TD Cowen raised their target price on shares of Ultra Clean from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Needham & Company LLC lifted their price target on shares of Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Oppenheimer lifted their price target on shares of Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $113.40.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.