Vanguard Group Inc. grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,211,736 shares of the semiconductor company's stock after buying an additional 190,942 shares during the quarter. Vanguard Group Inc. owned 9.39% of Ultra Clean worth $124,962,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Dark Forest Capital Management LP raised its holdings in shares of Ultra Clean by 6,364.3% during the first quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 891 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Ultra Clean by 813.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 1,187 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Ultra Clean during the second quarter valued at approximately $48,000. Worth Asset Management LLC acquired a new position in shares of Ultra Clean during the first quarter valued at approximately $49,000. Finally, Captrust Financial Advisors raised its holdings in shares of Ultra Clean by 76.9% during the first quarter. Captrust Financial Advisors now owns 2,026 shares of the semiconductor company's stock valued at $86,000 after acquiring an additional 881 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on UCTT. TD Cowen lifted their target price on Ultra Clean from $32.00 to $47.00 and gave the company an "outperform" rating in a report on Thursday, February 22nd. Needham & Company LLC lifted their target price on Ultra Clean from $46.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. Finally, TheStreet raised Ultra Clean from a "d+" rating to a "c-" rating in a report on Friday, December 29th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $52.33.
Check Out Our Latest Stock Report on Ultra Clean
Ultra Clean Stock Performance
UCTT stock traded up $0.51 during trading on Wednesday, hitting $46.17. The company had a trading volume of 212,363 shares, compared to its average volume of 348,880. The firm has a market cap of $2.06 billion, a PE ratio of -66.17 and a beta of 2.03. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $49.25. The firm has a 50-day moving average price of $43.08 and a 200-day moving average price of $34.00. 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 issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $444.80 million for the quarter, compared to analysts' expectations of $444.99 million. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%.
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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