Shapiro Capital Management LLC Increases Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Shapiro Capital Management LLC boosted its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,746,482 shares of the semiconductor company's stock after buying an additional 1,099,899 shares during the period. Ultra Clean accounts for approximately 3.4% of Shapiro Capital Management LLC's holdings, making the stock its 10th largest holding. Shapiro Capital Management LLC owned approximately 6.10% of Ultra Clean worth $98,736,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Ultra Clean by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock worth $173,826,000 after purchasing an additional 129,616 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Ultra Clean by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company's stock worth $86,526,000 after purchasing an additional 77,307 shares during the period. Boston Partners raised its holdings in shares of Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock worth $37,625,000 after purchasing an additional 718,717 shares during the period. Royce & Associates LP raised its holdings in shares of Ultra Clean by 2.1% in the 4th quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company's stock worth $33,350,000 after purchasing an additional 18,991 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Ultra Clean by 41.3% in the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock worth $25,686,000 after purchasing an additional 208,910 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ultra Clean news, Director Ernest E. Maddock acquired 10,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the acquisition, the director now directly owns 11,000 shares of the company's stock, valued at $267,190. This trade represents a 1,000.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bill Bentinck bought 3,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now owns 60,695 shares in the company, valued at approximately $1,527,693.15. This represents a 5.20% increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Oppenheimer cut their price objective on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. StockNews.com downgraded Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Needham & Company LLC dropped their target price on Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, TD Cowen dropped their target price on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Ultra Clean Stock Down 2.8%

Shares of NASDAQ:UCTT traded down $0.61 during mid-day trading on Monday, hitting $21.44. 369,552 shares of the company traded hands, compared to its average volume of 461,773. The firm has a market cap of $967.99 million, a P/E ratio of 268.03, a PEG ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a 52-week low of $16.66 and a 52-week high of $56.47. The firm's 50 day simple moving average is $21.21 and its 200 day simple moving average is $30.51.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its earnings results on Monday, April 28th. The semiconductor company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company had revenue of $518.60 million for the quarter, compared to analysts' expectations of $526.13 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

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.