Ultra Clean Holdings Inc (UCTT) : S Squared Technology scooped up 88,595 additional shares in Ultra Clean Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 541,930 shares of Ultra Clean Holdings Inc which is valued at $3,533,384.Ultra Clean Holdings Inc makes up approximately 3.53% of S Squared Technology’s portfolio.
Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in UCTT by selling 10,368 shares or 11.03% in the most recent quarter. The Hedge Fund company now holds 83,663 shares of UCTT which is valued at $545,483.Credit Suisse Ag boosted its stake in UCTT in the latest quarter, The investment management firm added 6,099 additional shares and now holds a total of 24,104 shares of Ultra Clean Holdings Inc which is valued at $157,158.Blackrock Institutional Trust Company N.a. reduced its stake in UCTT by selling 1,796 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 788,986 shares of UCTT which is valued at $5,144,189. Integrated Wealth Management added UCTT to its portfolio by purchasing 2,600 company shares during the most recent quarter which is valued at $15,808. Ultra Clean Holdings Inc makes up approx 0.01% of Integrated Wealth Management’s portfolio.Smith Graham Investment Advisors Lp reduced its stake in UCTT by selling 70,900 shares or 6.08% in the most recent quarter. The Hedge Fund company now holds 1,095,891 shares of UCTT which is valued at $6,717,812. Ultra Clean Holdings Inc makes up approx 0.87% of Smith Graham Investment Advisors Lp’s portfolio.
Ultra Clean Holdings Inc opened for trading at $7.35 and hit $7.4 on the upside on Monday, eventually ending the session at $7.33, with a gain of 0.55% or 0.04 points. The heightened volatility saw the trading volume jump to 51,738 shares. Company has a market cap of $241 M.
On the company’s financial health, Ultra Clean Holdings Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.08. The company had revenue of $129.83 million for the quarter, compared to analysts expectations of $125.16 million. The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Ultra Clean Holdings Inc. Company shares were Reiterated by Dougherty & Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $7.50 .Company shares were Reiterated by Needham on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 8.50 from a previous price target of $7 .Ultra Clean Holdings Inc was Downgraded by Stifel to ” Hold” on Jul 8, 2016.
Ultra Clean Holdings Inc. is a developer manufacturer and supplier of subsystems for original equipment manufacturers (OEMs) in the semiconductor capital equipment industry. The Company serves various markets including consumer medical energy industrial flat panel and research industries. It offers engineering and manufacturing solutions for the development design component sourcing prototyping engineering manufacturing and testing of advanced systems design-to-delivery cycle times and component neutral design among others. Its products include precision robotic solutions gas delivery systems a range of industrial and automation production equipment products and subsystems that include chemical mechanical planarization modules chemical delivery modules top-plate assemblies frame assemblies and process modules. It also offers fluid systems used for various wet processing steps such as cleaning chemical mechanical polishing and electrochemical deposition.