Vanguard Group Inc. lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,697,676 shares of the semiconductor company’s stock after acquiring an additional 67,520 shares during the period. Vanguard Group Inc. owned 0.10% of Ultra Clean worth $128,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UCTT. JPMorgan Chase & Co. increased its holdings in shares of Ultra Clean by 90.6% in the third quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock valued at $16,052,000 after purchasing an additional 279,953 shares during the period. Public Sector Pension Investment Board increased its holdings in Ultra Clean by 14.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 176,870 shares of the semiconductor company’s stock worth $4,820,000 after buying an additional 22,975 shares during the period. Illinois Municipal Retirement Fund increased its holdings in Ultra Clean by 6.0% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 23,069 shares of the semiconductor company’s stock worth $629,000 after buying an additional 1,307 shares during the period. Optimize Financial Inc purchased a new position in Ultra Clean during the 3rd quarter worth approximately $1,541,000. Finally, Envestnet Asset Management Inc. lifted its stake in Ultra Clean by 8.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 48,408 shares of the semiconductor company’s stock valued at $1,319,000 after acquiring an additional 3,681 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.
Ultra Clean Stock Performance
Shares of UCTT stock opened at $59.60 on Wednesday. The company has a current ratio of 3.19, a quick ratio of 1.89 and a debt-to-equity ratio of 0.60. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $73.80. The business’s 50 day moving average is $44.82 and its two-hundred day moving average is $32.71. The company has a market capitalization of $2.71 billion, a P/E ratio of -14.90, a P/E/G ratio of 1.15 and a beta of 1.93.
Wall Street Analyst Weigh In
UCTT has been the topic of a number of research reports. Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 26th. Craig Hallum reaffirmed a “buy” rating and set a $100.00 price target on shares of Ultra Clean in a research report on Tuesday, February 24th. TD Cowen boosted their price objective on Ultra Clean from $35.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Needham & Company LLC upped their target price on Ultra Clean from $50.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ultra Clean in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.25.
Check Out Our Latest Stock Analysis on Ultra Clean
About Ultra Clean
Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.
Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.
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