Nuveen Asset Management LLC Has $25.69 Million Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Nuveen Asset Management LLC lifted its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 41.3% during the 4th quarter, HoldingsChannel reports. The fund owned 714,504 shares of the semiconductor company’s stock after acquiring an additional 208,910 shares during the quarter. Nuveen Asset Management LLC’s holdings in Ultra Clean were worth $25,686,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UCTT. Boston Partners grew its stake in shares of Ultra Clean by 227.1% in the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after acquiring an additional 718,717 shares in the last quarter. Goodman Financial Corp acquired a new position in shares of Ultra Clean in the fourth quarter valued at about $13,900,000. Oberweis Asset Management Inc. grew its stake in shares of Ultra Clean by 39.4% in the fourth quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company’s stock valued at $22,048,000 after acquiring an additional 173,200 shares in the last quarter. Barclays PLC grew its stake in shares of Ultra Clean by 172.2% in the fourth quarter. Barclays PLC now owns 227,502 shares of the semiconductor company’s stock valued at $8,178,000 after acquiring an additional 143,925 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Ultra Clean by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock valued at $173,826,000 after acquiring an additional 129,616 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on UCTT shares. Wall Street Zen downgraded shares of Ultra Clean from a “hold” rating to a “sell” rating in a research note on Wednesday, April 30th. Needham & Company LLC reduced their price objective on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. TD Cowen reduced their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Finally, Oppenheimer reduced their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.00.

Ultra Clean Trading Down 0.2%

Shares of Ultra Clean stock opened at $20.27 on Friday. The company has a market capitalization of $915.17 million, a price-to-earnings ratio of 253.41, a PEG ratio of 0.51 and a beta of 2.09. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $56.47. The firm’s 50-day moving average price is $20.95 and its two-hundred day moving average price is $30.28.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Transactions at Ultra Clean

In related news, insider Bill Bentinck bought 3,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the completion of the acquisition, the insider now owns 60,695 shares of the company’s stock, valued at $1,527,693.15. The trade was a 5.20% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jamie J. Palfrey sold 9,500 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the completion of the transaction, the senior vice president now directly owns 30,465 shares of the company’s stock, valued at $584,928. This trade represents a 23.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Ultra Clean 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.