Northrock Partners Has Raised Its Target (TGT) Position; Ultra Clean Holdings (UCTT) Stake Has Lifted by Paradigm Capital Management Inc

June 23, 2018 - By Vivian Park

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Logo

Paradigm Capital Management Inc increased its stake in Ultra Clean Holdings Inc (UCTT) by 73.86% based on its latest 2018Q1 regulatory filing with the SEC. Paradigm Capital Management Inc bought 261,454 shares as the company’s stock declined 11.61% with the market. The institutional investor held 615,454 shares of the technology company at the end of 2018Q1, valued at $11.85M, up from 354,000 at the end of the previous reported quarter. Paradigm Capital Management Inc who had been investing in Ultra Clean Holdings Inc for a number of months, seems to be bullish on the $664.51 million market cap company. The stock increased 0.50% or $0.08 during the last trading session, reaching $17.16. About 824,430 shares traded. Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has declined 24.53% since June 23, 2017 and is downtrending. It has underperformed by 37.10% the S&P500. Some Historical UCTT News: 15/05/2018 – Marshall Wace North America Buys New 1% Position in Ultra Clean; 14/05/2018 – Rubric Capital Buys New 2% Position in Ultra Clean; 25/04/2018 – Ultra Clean 1Q EPS 66c; 02/05/2018 – Renewable Energy Group Launches REG Ultra Clean™ Diesel; 06/03/2018 Consolidated Research: 2018 Summary Expectations for SandRidge Energy, BIOVERATIV INC, Ultra Clean, The Mosaic, Papa John’s Int; 23/05/2018 – Ultra Clean Presenting at Conference May 30; 07/05/2018 – Hood River Capital Buys New 1.9% Position in Ultra Clean; 19/04/2018 – DJ Ultra Clean Holdings Inc, Inst Holders, 1Q 2018 (UCTT); 23/05/2018 – UCT to Participate in the Craig-Hallum Institutional Investor Conference and the Cowen Annual Technology Conference; 15/05/2018 – Millennium Management LLC Exits Position in Ultra Clean

Northrock Partners Llc increased its stake in Target Corp (TGT) by 9.06% based on its latest 2018Q1 regulatory filing with the SEC. Northrock Partners Llc bought 7,958 shares as the company’s stock declined 7.40% with the market. The institutional investor held 95,831 shares of the department and specialty retail stores company at the end of 2018Q1, valued at $7.44M, up from 87,873 at the end of the previous reported quarter. Northrock Partners Llc who had been investing in Target Corp for a number of months, seems to be bullish on the $40.54 billion market cap company. The stock decreased 0.13% or $0.1 during the last trading session, reaching $76.04. About 3.36M shares traded. Target Corporation (NYSE:TGT) has risen 31.38% since June 23, 2017 and is uptrending. It has outperformed by 18.81% the S&P500. Some Historical TGT News: 06/03/2018 – TARGET SEES 1Q ADJ EPS $1.25 TO $1.45; 06/03/2018 – TARGET CORP TGT.N SEES FY 2018 ADJUSTED SHR $5.15 TO $5.45; 03/04/2018 – Target is planning to open small-format stores in New York’s Upper East Side neighborhood, Staten Island and Astoria, Queens; 15/03/2018 – Cramer argues that the powers of Amazon, Walmart and Target coalesced to push Toys R Us into bankruptcy; 06/03/2018 – Target’s Same-Store Sales Surpass Expectations; 08/03/2018 – Dmitri L. Stockton Named to Target Corporation’s Bd of Directors; 06/03/2018 – Target to Update More Than 300 Stores Around the Country; 31/05/2018 – Target and Shipt Launch Same-Day Delivery in Ohio; 06/03/2018 – TARGET TO RAISE MINIMUM HOURLY WAGE TO $12/HR THIS SPRING; 15/03/2018 – TARGET OUTLOOK TO STABLE FROM NEGATIVE BY FITCH

More important recent Target Corporation (NYSE:TGT) news were published by: Seekingalpha.com which released: “At What Point Do I Sell Target?” on June 14, 2018, also Fool.com published article titled: “Kroger Is Holding Its Own in the Grocery Wars”, Seekingalpha.com published: “Target continues to break out” on June 05, 2018. More interesting news about Target Corporation (NYSE:TGT) was released by: Bizjournals.com and their article: “Target, Best Buy cheer Supreme Court ruling on e-commerce taxes” with publication date: June 22, 2018.

Among 29 analysts covering Target Corporation (NYSE:TGT), 11 have Buy rating, 3 Sell and 15 Hold. Therefore 38% are positive. Target Corporation had 92 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Target Corporation (NYSE:TGT) has “Neutral” rating given on Thursday, February 25 by M Partners. Deutsche Bank maintained the stock with “Hold” rating in Monday, August 17 report. Bank of America maintained the shares of TGT in report on Friday, August 18 with “Buy” rating. Robert W. Baird maintained Target Corporation (NYSE:TGT) on Tuesday, January 2 with “Hold” rating. The stock of Target Corporation (NYSE:TGT) has “Underweight” rating given on Thursday, May 19 by Barclays Capital. On Sunday, September 6 the stock rating was maintained by Deutsche Bank with “Hold”. Stifel Nicolaus maintained it with “Hold” rating and $60.0 target in Monday, September 18 report. BMO Capital Markets maintained Target Corporation (NYSE:TGT) rating on Thursday, July 13. BMO Capital Markets has “Hold” rating and $6200 target. The company was maintained on Thursday, August 20 by M Partners. The rating was downgraded by Telsey Advisory Group on Wednesday, March 1 to “Market Perform”.

Northrock Partners Llc, which manages about $837.47M and $307.25 million US Long portfolio, decreased its stake in Ishares Tr (IWP) by 6,256 shares to 133,169 shares, valued at $16.38M in 2018Q1, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 17,705 shares in the quarter, leaving it with 269,232 shares, and cut its stake in Ishares Tr (IWF).

Among 7 analysts covering Ultra Clean Holdings (NASDAQ:UCTT), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ultra Clean Holdings had 25 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Craig Hallum on Monday, September 18 with “Buy”. The firm has “Buy” rating by Needham given on Thursday, October 27. The stock of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has “Buy” rating given on Friday, July 29 by Needham. The stock of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has “Buy” rating given on Monday, December 4 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, October 26 by Needham. On Friday, July 8 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Needham maintained Ultra Clean Holdings, Inc. (NASDAQ:UCTT) rating on Monday, September 18. Needham has “Buy” rating and $30.0 target. Dougherty & Company maintained Ultra Clean Holdings, Inc. (NASDAQ:UCTT) on Thursday, July 23 with “Buy” rating. Craig Hallum upgraded the stock to “Buy” rating in Tuesday, January 12 report. The stock has “Buy” rating by Cowen & Co on Thursday, February 15.

Paradigm Capital Management Inc, which manages about $1.18 billion US Long portfolio, decreased its stake in Ensign Group Inc. (NASDAQ:ENSG) by 47,000 shares to 11,000 shares, valued at $289,000 in 2018Q1, according to the filing. It also reduced its holding in Huttig Building (NASDAQ:HBP) by 80,000 shares in the quarter, leaving it with 2.03M shares, and cut its stake in Mitel Networks Corp (NASDAQ:MITL).

Investors sentiment increased to 1.65 in 2018 Q1. Its up 0.59, from 1.06 in 2017Q4. It is positive, as 30 investors sold UCTT shares while 38 reduced holdings. 48 funds opened positions while 64 raised stakes. 31.96 million shares or 22.41% more from 26.11 million shares in 2017Q4 were reported. Koch Indus has invested 0.04% in Ultra Clean Holdings, Inc. (NASDAQ:UCTT). Monarch Partners Asset Lc reported 281,015 shares. Wells Fargo And Mn has invested 0% of its portfolio in Ultra Clean Holdings, Inc. (NASDAQ:UCTT). Delphi Ma holds 99,607 shares or 1.17% of its portfolio. 86,814 are owned by Rhumbline Advisers. Fund Mgmt Sa reported 0.03% in Ultra Clean Holdings, Inc. (NASDAQ:UCTT). Advsrs Preferred Ltd Llc reported 5,934 shares. Alyeska Gp LP stated it has 0.04% in Ultra Clean Holdings, Inc. (NASDAQ:UCTT). Comerica Bank & Trust reported 0% of its portfolio in Ultra Clean Holdings, Inc. (NASDAQ:UCTT). Victory Cap Management stated it has 66,105 shares or 0% of all its holdings. 561,097 were accumulated by Jpmorgan Chase &. Pnc Financial Svcs Gp reported 11,584 shares. Parametric Port Assocs Ltd stated it has 67,815 shares. Art Advsr Ltd Co reported 61,248 shares or 0.05% of all its holdings. Dimensional Fund LP reported 2.36 million shares or 0.02% of all its holdings.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Institutional Positions Chart

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By1 Vivian Park

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