Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,275 shares of the semiconductor company’s stock after selling 9,813 shares during the period. Principal Financial Group Inc.’s holdings in Ultra Clean were worth $8,516,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Virtu Financial LLC acquired a new stake in shares of Ultra Clean in the third quarter valued at approximately $309,000. Geode Capital Management LLC raised its position in Ultra Clean by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock valued at $41,843,000 after purchasing an additional 10,501 shares during the last quarter. Barclays PLC boosted its stake in Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after purchasing an additional 66,695 shares during the period. XTX Topco Ltd purchased a new position in Ultra Clean during the 3rd quarter worth $476,000. Finally, iSAM Funds UK Ltd acquired a new position in Ultra Clean in the third quarter valued at $399,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on UCTT shares. TD Cowen decreased their target price on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC decreased their price objective on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Finally, Oppenheimer started coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 target price on the stock.

Insider Buying and Selling at Ultra Clean

In related news, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the transaction, the insider now directly owns 18,805 shares of the company’s stock, valued at approximately $718,351. The trade was a 15.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Harjinder Bajwa bought 10,000 shares of the stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of $33.75 per share, for a total transaction of $337,500.00. Following the acquisition, the chief operating officer now directly owns 54,291 shares of the company’s stock, valued at $1,832,321.25. The trade was a 22.58 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 27,500 shares of company stock valued at $943,275. 2.20% of the stock is owned by company insiders.

Ultra Clean Trading Up 1.0 %

Shares of Ultra Clean stock opened at $35.95 on Wednesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 449.43 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 52-week low of $31.01 and a 52-week high of $56.47. The company’s 50-day simple moving average is $36.58 and its 200-day simple moving average is $39.68. 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 (NASDAQ:UCTT) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $540.40 million for the quarter, compared to analysts’ expectations of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

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.