2,492,558 Shares in Ultra Clean Holdings, Inc. $UCTT Acquired by Aberdeen Group plc

Key Points

• Aberdeen Group acquired a new 2,492,558-share stake in Ultra Clean Holdings, valued at about $203.4 million and representing approximately 5.2% of the company.
• Analyst opinions are mixed, but the consensus rating is “Moderate Buy”, with an average price target of $107; six analysts rate the stock Buy, two Hold, and one Sell.
• Ultra Clean reported quarterly earnings of $1.15 per share, beating estimates of $0.94, while revenue of $759 million exceeded forecasts and rose 48.8% year over year.

Aberdeen Group plc purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,492,558 shares of the semiconductor company's stock, valued at approximately $203,381,000. Aberdeen Group plc owned approximately 5.20% of Ultra Clean as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Ultra Clean by 37.3% in the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company's stock worth $45,000 after buying an additional 196 shares during the period. Kilter Group LLC purchased a new stake in shares of Ultra Clean during the second quarter valued at approximately $30,000. GAMMA Investing LLC boosted its stake in shares of Ultra Clean by 3.5% during the third quarter. GAMMA Investing LLC now owns 6,199 shares of the semiconductor company's stock valued at $502,000 after purchasing an additional 208 shares during the period. Parkside Financial Bank & Trust raised its holdings in Ultra Clean by 22.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,262 shares of the semiconductor company's stock valued at $180,000 after buying an additional 234 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in Ultra Clean by 38.9% during the 3rd quarter. Signaturefd LLC now owns 1,004 shares of the semiconductor company's stock valued at $81,000 after buying an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Analysts Set New Price Targets

UCTT has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Ultra Clean in a report on Wednesday, November 4th. Freedom Broker started coverage on shares of Ultra Clean in a report on Friday, October 9th. They issued a "buy" rating and a $127.00 price target on the stock. Barclays initiated coverage on shares of Ultra Clean in a report on Friday. They issued an "equal weight" rating and a $65.00 price target on the stock. Wall Street Zen raised shares of Ultra Clean from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Finally, Zacks Research lowered shares of Ultra Clean from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ultra Clean has an average rating of "Moderate Buy" and an average target price of $107.00.

Ultra Clean Stock Down 3.6%

Shares of UCTT stock opened at $46.35 on Friday. The company has a current ratio of 2.79, a quick ratio of 1.28 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.22 billion, a P/E ratio of 24.54, a P/E/G ratio of 0.46 and a beta of 1.90. Ultra Clean Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $144.22. The company has a 50 day simple moving average of $61.58 and a two-hundred day simple moving average of $74.33.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.21. The company had revenue of $759.00 million for the quarter, compared to the consensus estimate of $727.55 million. Ultra Clean had a return on equity of 12.00% and a net margin of 1.09%. Ultra Clean's quarterly revenue was up 48.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 earnings per share. On average, research analysts expect that Ultra Clean Holdings, Inc. will post 2.99 earnings per share for the current year.

Ultra Clean Profile

Ultra Clean Holdings, Inc. NASDAQ: UCTT provides products and services used in the manufacture of semiconductor and other high-technology equipment. Its offerings include critical subsystems, components and assemblies, along with engineering and manufacturing services that help equipment makers design, build and support their systems. The company's products include gas and chemical delivery systems, fluid and precision-engineered components, and assemblies made for use in demanding manufacturing environments.

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