Dana Investment Advisors Inc. Sells 3,661 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Dana Investment Advisors Inc. lessened its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.3% during the second quarter, Holdings Channel.com reports. The firm owned 274,089 shares of the semiconductor company’s stock after selling 3,661 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Ultra Clean were worth $13,430,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UCTT. Frontier Capital Management Co. LLC lifted its stake in shares of Ultra Clean by 37.5% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,559,943 shares of the semiconductor company’s stock valued at $87,396,000 after acquiring an additional 698,242 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Ultra Clean by 6.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after purchasing an additional 52,075 shares during the period. Comerica Bank grew its holdings in shares of Ultra Clean by 512.5% in the first quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock worth $6,169,000 after purchasing an additional 112,366 shares during the last quarter. Versor Investments LP purchased a new position in shares of Ultra Clean in the second quarter worth $828,000. Finally, BNP Paribas Financial Markets raised its holdings in Ultra Clean by 32.2% during the 1st quarter. BNP Paribas Financial Markets now owns 29,679 shares of the semiconductor company’s stock valued at $1,363,000 after buying an additional 7,233 shares during the last quarter. 96.06% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Sheri Savage sold 10,079 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $54.18, for a total value of $546,080.22. Following the transaction, the chief financial officer now owns 52,575 shares of the company’s stock, valued at $2,848,513.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ultra Clean news, CFO Sheri Savage sold 10,079 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $54.18, for a total value of $546,080.22. Following the transaction, the chief financial officer now directly owns 52,575 shares in the company, valued at $2,848,513.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James P. Scholhamer sold 26,608 shares of Ultra Clean stock in a transaction 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 transaction, the chief executive officer now owns 418,453 shares in the company, valued at approximately $23,056,760.30. The disclosure for this sale can be found here. Insiders sold 37,584 shares of company stock valued at $2,062,296 in the last quarter. 2.20% of the stock is currently owned by insiders.

Ultra Clean Price Performance

Shares of UCTT opened at $39.93 on Tuesday. The firm has a fifty day simple moving average of $37.61 and a two-hundred day simple moving average of $43.13. The firm has a market cap of $1.78 billion, a PE ratio of -48.70 and a beta of 2.09. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. The company had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. Ultra Clean’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.1 EPS for the current year.

Analysts Set New Price Targets

UCTT has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $56.00 price target on shares of Ultra Clean in a report on Friday, July 26th. Oppenheimer initiated coverage on Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target for the company. Craig Hallum upped their target price on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, TD Cowen lifted their price target on shares of Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Ultra Clean has a consensus rating of “Moderate Buy” and a consensus target price of $61.50.

Ultra Clean Company 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.