1620 Investment Advisors Inc. Has $83,000 Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

1620 Investment Advisors Inc. decreased its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 31.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,073 shares of the semiconductor company’s stock after selling 948 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Ultra Clean were worth $83,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in shares of Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC raised its stake in shares of Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 661 shares in the last quarter. CWM LLC lifted its holdings in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 253 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter valued at about $41,000. Finally, nVerses Capital LLC bought a new stake in shares of Ultra Clean in the 2nd quarter valued at approximately $64,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UCTT. TD Cowen cut their price objective on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday. Craig Hallum raised their price target on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Needham & Company LLC decreased their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Oppenheimer assumed coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 target price on the stock. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $57.75.

Ultra Clean Stock Up 2.2 %

Ultra Clean stock opened at $35.88 on Thursday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60. Ultra Clean Holdings, Inc. has a fifty-two week low of $23.41 and a fifty-two week high of $56.47. The firm has a fifty day moving average price of $36.60 and a two-hundred day moving average price of $42.03. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -43.76 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data 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. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The company had revenue of $540.40 million for the quarter, compared to the consensus estimate of $515.88 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The business’s revenue was up 24.2% compared to the same quarter last year. As a group, analysts forecast that Ultra Clean Holdings, Inc. will post 1.1 earnings per share for the current year.

About Ultra Clean

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.