ProShare Advisors LLC Increases Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

ProShare Advisors LLC boosted its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 77.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,862 shares of the semiconductor company’s stock after purchasing an additional 9,529 shares during the period. ProShare Advisors LLC’s holdings in Ultra Clean were worth $1,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Ultra Clean by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after buying an additional 213 shares during the last quarter. CWM LLC grew its position in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 253 shares during the period. SummerHaven Investment Management LLC increased its stake in Ultra Clean by 1.7% during the second quarter. SummerHaven Investment Management LLC now owns 19,993 shares of the semiconductor company’s stock worth $980,000 after acquiring an additional 331 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Ultra Clean by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock valued at $1,107,000 after purchasing an additional 400 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Ultra Clean by 19.4% in the 4th 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. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UCTT has been the subject of a number of recent analyst reports. TD Cowen raised their price objective on Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $56.00 price target on shares of Ultra Clean in a research report on Friday, July 26th. Craig Hallum upped their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Oppenheimer assumed coverage on shares of Ultra Clean in a research report on Wednesday. They set an “outperform” rating and a $70.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Ultra Clean Stock Down 1.8 %

Shares of NASDAQ:UCTT opened at $40.16 on Friday. The firm has a market capitalization of $1.81 billion, a PE ratio of -48.98 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1 year low of $22.15 and a 1 year high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60. The firm’s 50-day moving average is $37.79 and its two-hundred day moving average is $43.16.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share for the quarter. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The firm had revenue of $516.10 million for the quarter, compared to the consensus estimate of $490.06 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up 22.4% on a year-over-year basis.

Insider Activity

In related news, CFO Sheri Savage sold 897 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $55.87, for a total transaction of $50,115.39. Following the completion of the transaction, the chief financial officer now directly owns 51,678 shares of the company’s stock, valued at approximately $2,887,249.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Sheri Savage sold 897 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $55.87, for a total value of $50,115.39. Following the sale, the chief financial officer now owns 51,678 shares of the company’s stock, valued at $2,887,249.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Scholhamer sold 26,608 shares of Ultra Clean stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total transaction of $1,466,100.80. Following the completion of the transaction, the chief executive officer now owns 418,453 shares of the company’s stock, valued at approximately $23,056,760.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,266 shares of company stock worth $2,556,853. Corporate 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.