Pacific Ridge Capital Partners buys $4,120,086 stake in Ultra Clean Holdings Inc (UCTT)

Ultra Clean Holdings Inc (UCTT) : Pacific Ridge Capital Partners scooped up 2,100 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 10, 2016. The investment management firm now holds a total of 631,915 shares of Ultra Clean Holdings Inc which is valued at $4,120,086.Ultra Clean Holdings Inc makes up approximately 1.73% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management boosted its stake in UCTT in the latest quarter, The investment management firm added 9,416 additional shares and now holds a total of 131,197 shares of Ultra Clean Holdings Inc which is valued at $855,404. Lsv Asset Management sold out all of its stake in UCTT during the most recent quarter. The investment firm sold 20,299 shares of UCTT which is valued $128,493.Cutter Co Brokerage boosted its stake in UCTT in the latest quarter, The investment management firm added 3,686 additional shares and now holds a total of 32,375 shares of Ultra Clean Holdings Inc which is valued at $196,840. Ultra Clean Holdings Inc makes up approx 0.08% of Cutter Co Brokerage’s portfolio.

Ultra Clean Holdings Inc opened for trading at $6.71 and hit $7.25 on the upside on Friday, eventually ending the session at $6.95, with a gain of 4.04% or 0.27 points. The heightened volatility saw the trading volume jump to 1,59,805 shares. Company has a market cap of $228 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.

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