State of Tennessee Treasury Department purchased a new stake in Ultra Clean Holdings Inc (NASDAQ:UCTT) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 27,311 shares of the semiconductor company’s stock, valued at approximately $526,000.

Several other institutional investors have also recently bought and sold shares of UCTT. BlackRock Inc. grew its stake in shares of Ultra Clean by 121.7% in the 1st quarter. BlackRock Inc. now owns 5,027,283 shares of the semiconductor company’s stock valued at $96,775,000 after buying an additional 2,760,086 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Ultra Clean by 3,073.9% in the 1st quarter. Neuberger Berman Group LLC now owns 800,516 shares of the semiconductor company’s stock worth $15,425,000 after acquiring an additional 775,294 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Ultra Clean in the 1st quarter worth approximately $14,097,000. Millennium Management LLC lifted its holdings in shares of Ultra Clean by 1,256.4% in the 4th quarter. Millennium Management LLC now owns 785,449 shares of the semiconductor company’s stock worth $18,136,000 after acquiring an additional 727,540 shares during the last quarter. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Ultra Clean in the 1st quarter worth approximately $11,085,000. 86.85% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on UCTT shares. Zacks Investment Research lowered shares of Ultra Clean from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 28th. BidaskClub upgraded shares of Ultra Clean from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. ValuEngine lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Needham & Company LLC decreased their price objective on shares of Ultra Clean to $28.00 and set a “buy” rating on the stock in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Ultra Clean currently has a consensus rating of “Hold” and a consensus price target of $29.17.

In other Ultra Clean news, SVP William Joe Williams sold 5,782 shares of the stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $17.19, for a total transaction of $99,392.58. Following the sale, the senior vice president now directly owns 80,418 shares in the company, valued at approximately $1,382,385.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mark Bingaman sold 35,966 shares of the stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $19.00, for a total transaction of $683,354.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,510 shares of company stock worth $797,225. 1.90% of the stock is owned by company insiders.

Shares of Ultra Clean opened at $16.14 on Tuesday, MarketBeat.com reports. Ultra Clean Holdings Inc has a one year low of $15.35 and a one year high of $34.59. The company has a market capitalization of $664.50 million, a PE ratio of 6.90, a P/E/G ratio of 0.53 and a beta of 0.94.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, April 25th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.09. The company had revenue of $314.80 million for the quarter, compared to analyst estimates of $281.97 million. Ultra Clean had a net margin of 8.26% and a return on equity of 28.32%. The firm’s quarterly revenue was up 53.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. research analysts anticipate that Ultra Clean Holdings Inc will post 2.3 earnings per share for the current year.

Ultra Clean Profile

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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