Teton Advisors Inc. Sells 6,000 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Teton Advisors Inc. trimmed its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,000 shares of the semiconductor company’s stock after selling 6,000 shares during the period. Ultra Clean accounts for approximately 0.9% of Teton Advisors Inc.’s holdings, making the stock its 28th largest position. Teton Advisors Inc.’s holdings in Ultra Clean were worth $2,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Ultra Clean during the fourth quarter valued at about $59,000. TFO Wealth Partners LLC raised its stake in Ultra Clean by 27,160.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 2,716 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Ultra Clean in the 4th quarter worth approximately $202,000. Everence Capital Management Inc. boosted its stake in Ultra Clean by 7.1% in the 4th quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 530 shares during the period. Finally, Strs Ohio grew its holdings in Ultra Clean by 10.5% during the 3rd quarter. Strs Ohio now owns 9,500 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 900 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Price Performance

NASDAQ UCTT traded up $0.71 during trading on Monday, hitting $42.67. 150,056 shares of the stock traded hands, compared to its average volume of 317,702. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.51. Ultra Clean Holdings, Inc. has a 12-month low of $22.15 and a 12-month high of $49.25. The firm has a 50-day simple moving average of $43.91 and a 200-day simple moving average of $35.86. The company has a market capitalization of $1.91 billion, a P/E ratio of -61.84 and a beta of 2.03.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The firm had revenue of $444.80 million during the quarter, compared to analyst estimates of $444.99 million.

Analysts Set New Price Targets

UCTT has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on shares of Ultra Clean from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. TD Cowen lifted their price target on shares of Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Ultra Clean currently has an average rating of “Moderate Buy” and an average price target of $52.33.

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.