Schwab Charles Investment Management Inc. grew its position in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 102.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,470 shares of the semiconductor company’s stock after buying an additional 112,030 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.66% of Ultra Clean worth $6,782,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its position in Ultra Clean by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,818,688 shares of the semiconductor company’s stock valued at $52,850,000 after buying an additional 39,357 shares in the last quarter. Vanguard Group Inc. grew its stake in Ultra Clean by 32.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after purchasing an additional 399,627 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Ultra Clean by 17.5% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 629,800 shares of the semiconductor company’s stock valued at $19,284,000 after purchasing an additional 94,000 shares during the last quarter. State Street Corp grew its stake in Ultra Clean by 14.0% during the 2nd quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock valued at $11,285,000 after purchasing an additional 74,084 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Ultra Clean by 2,868.6% during the 2nd quarter. Nordea Investment Management AB now owns 359,200 shares of the semiconductor company’s stock valued at $6,735,000 after purchasing an additional 347,100 shares during the last quarter. Institutional investors and hedge funds own 75.48% of the company’s stock.
In related news, Director David T. Ibnale sold 12,500 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $21.58, for a total value of $269,750.00. Following the transaction, the director now owns 63,500 shares in the company, valued at approximately $1,370,330. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ronald D’ercole sold 3,009 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $21.41, for a total value of $64,422.69. Following the completion of the transaction, the senior vice president now owns 58,909 shares in the company, valued at approximately $1,261,241.69. The disclosure for this sale can be found here. Insiders have sold 39,785 shares of company stock worth $1,037,188 in the last quarter. Insiders own 2.60% of the company’s stock.
Several research firms have weighed in on UCTT. Zacks Investment Research downgraded Ultra Clean from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC lowered their price target on Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. Stifel Nicolaus raised Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, December 4th. ValuEngine cut Ultra Clean from a “strong-buy” rating to a “buy” rating in a report on Friday, October 13th. Finally, Cowen increased their price target on Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $31.50.
Ultra Clean Holdings Inc (UCTT) opened at $23.22 on Friday. The company has a market capitalization of $765.02, a price-to-earnings ratio of 12.35, a PEG ratio of 0.60 and a beta of 1.02. Ultra Clean Holdings Inc has a 52-week low of $11.74 and a 52-week high of $34.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.09 and a current ratio of 2.06.
Ultra Clean (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). Ultra Clean had a net margin of 7.55% and a return on equity of 28.77%. The company had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. During the same quarter last year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 65.9% on a year-over-year basis. equities research analysts predict that Ultra Clean Holdings Inc will post 2.34 EPS for the current year.
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Ultra Clean Company Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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