22,400 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,400 shares of the semiconductor company's stock, valued at approximately $765,000.

A number of other large investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Ultra Clean during the 4th quarter valued at about $59,000. Strs Ohio boosted its stake in shares of Ultra Clean by 10.5% during the 3rd quarter. Strs Ohio now owns 9,500 shares of the semiconductor company's stock worth $281,000 after acquiring an additional 900 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of Ultra Clean during the 3rd quarter worth $299,000. Quantbot Technologies LP purchased a new stake in shares of Ultra Clean in the 3rd quarter worth $300,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ultra Clean in the 3rd quarter worth $306,000. 96.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UCTT has been the topic of several analyst reports. Needham & Company LLC boosted their price target on Ultra Clean from $46.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. TD Cowen lifted their price objective on Ultra Clean from $32.00 to $47.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Ultra Clean currently has an average rating of "Moderate Buy" and an average target price of $52.33.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT traded up $1.14 on Friday, reaching $41.96. The company's stock had a trading volume of 98,653 shares, compared to its average volume of 215,335. The company has a 50-day simple moving average of $43.94 and a 200 day simple moving average of $35.71. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.88. The company has a market cap of $1.87 billion, a P/E ratio of -60.81 and a beta of 2.03. Ultra Clean Holdings, Inc. has a 52-week low of $22.15 and a 52-week high of $49.25.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. Ultra Clean had a positive return on equity of 1.69% and a negative net margin of 1.79%. The company had revenue of $444.80 million during the quarter, compared to analyst estimates of $444.99 million.

Ultra Clean Profile

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.