Pinnacle Associates Ltd. raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 420,709 shares of the semiconductor company's stock after acquiring an additional 88,349 shares during the period. Pinnacle Associates Ltd. owned approximately 0.94% of Ultra Clean worth $14,363,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Ultra Clean by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,211,736 shares of the semiconductor company's stock valued at $124,962,000 after purchasing an additional 190,942 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ultra Clean by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,600,436 shares of the semiconductor company's stock valued at $86,229,000 after purchasing an additional 298,675 shares in the last quarter. Shapiro Capital Management LLC increased its holdings in shares of Ultra Clean by 8.3% during the 2nd quarter. Shapiro Capital Management LLC now owns 2,090,332 shares of the semiconductor company's stock valued at $80,394,000 after purchasing an additional 160,303 shares in the last quarter. State Street Corp increased its holdings in shares of Ultra Clean by 1.3% during the 2nd quarter. State Street Corp now owns 1,717,639 shares of the semiconductor company's stock valued at $66,060,000 after purchasing an additional 21,864 shares in the last quarter. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Ultra Clean by 49.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,599,272 shares of the semiconductor company's stock valued at $61,508,000 after purchasing an additional 527,989 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.
Ultra Clean Price Performance
Shares of Ultra Clean stock traded down $0.32 during trading hours on Friday, reaching $45.94. 355,631 shares of the company's stock were exchanged, compared to its average volume of 294,691. Ultra Clean Holdings, Inc. has a 1 year low of $22.15 and a 1 year high of $49.25. The company has a market capitalization of $2.05 billion, a P/E ratio of -66.58 and a beta of 2.02. The business has a fifty day moving average of $42.79 and a two-hundred day moving average of $33.75. 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 (NASDAQ:UCTT - Get Free Report) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The business had revenue of $444.80 million during the quarter, compared to analyst estimates of $444.99 million.
Analyst Upgrades and Downgrades
Several brokerages recently commented on UCTT. Needham & Company LLC boosted their price target 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. TheStreet raised shares of Ultra Clean from a "d+" rating to a "c-" rating in a report on Friday, December 29th. Finally, TD Cowen boosted their price target on shares of Ultra Clean from $32.00 to $47.00 and gave the stock an "outperform" rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.
View Our Latest Analysis on UCTT
About Ultra Clean
(
Free Report)
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.
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