Assenagon Asset Management S.A. Has $4.15 Million Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Assenagon Asset Management S.A. lifted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTTFree Report) by 25.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,526 shares of the semiconductor company’s stock after buying an additional 24,670 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of Ultra Clean worth $4,149,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of UCTT. Frontier Capital Management Co. LLC raised its holdings in shares of Ultra Clean by 49.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,599,272 shares of the semiconductor company’s stock worth $61,508,000 after buying an additional 527,989 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ultra Clean by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,600,436 shares of the semiconductor company’s stock worth $86,229,000 after buying an additional 298,675 shares in the last quarter. Divisar Capital Management LLC increased its holdings in Ultra Clean by 58.2% in the 1st quarter. Divisar Capital Management LLC now owns 760,554 shares of the semiconductor company’s stock worth $32,240,000 after purchasing an additional 279,737 shares in the last quarter. Congress Asset Management Co. MA increased its holdings in Ultra Clean by 37.3% in the 3rd quarter. Congress Asset Management Co. MA now owns 823,957 shares of the semiconductor company’s stock worth $24,447,000 after purchasing an additional 223,865 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Ultra Clean by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,211,736 shares of the semiconductor company’s stock worth $124,962,000 after purchasing an additional 190,942 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Ratings Changes

UCTT has been the subject of a number of recent research reports. TD Cowen upped their target price on Ultra Clean from $32.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. TheStreet raised Ultra Clean from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Finally, Needham & Company LLC upped their target price on Ultra Clean from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Ultra Clean has an average rating of “Moderate Buy” and a consensus price target of $52.33.

View Our Latest Report on UCTT

Ultra Clean Trading Down 0.7 %

Shares of UCTT stock opened at $45.63 on Tuesday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -66.13 and a beta of 2.03. The stock has a 50-day moving average of $42.94 and a 200-day moving average of $33.88. The company has a current ratio of 2.88, a quick ratio of 1.67 and a debt-to-equity ratio of 0.51. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $49.25.

Ultra Clean (NASDAQ:UCTTGet Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. The company had revenue of $444.80 million during 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%.

Ultra Clean Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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