Mirae Asset Global Investments Co. Ltd. Buys 930 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,343 shares of the semiconductor company’s stock after acquiring an additional 930 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ultra Clean were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Pinnacle Associates Ltd. increased its position in shares of Ultra Clean by 26.6% during the fourth quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock valued at $14,363,000 after buying an additional 88,349 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Ultra Clean by 25.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 121,526 shares of the semiconductor company’s stock worth $4,149,000 after purchasing an additional 24,670 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Ultra Clean by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 24,451 shares of the semiconductor company’s stock worth $835,000 after purchasing an additional 1,329 shares during the last quarter. Ziegler Capital Management LLC boosted its stake in Ultra Clean by 7.6% in the fourth quarter. Ziegler Capital Management LLC now owns 22,176 shares of the semiconductor company’s stock worth $757,000 after buying an additional 1,559 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Ultra Clean by 4.7% in the third quarter. Vanguard Group Inc. now owns 4,211,736 shares of the semiconductor company’s stock worth $124,962,000 after buying an additional 190,942 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UCTT. TD Cowen upped their target price on Ultra Clean from $32.00 to $47.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. 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 research note on Thursday, February 22nd. Finally, TheStreet raised Ultra Clean from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Ultra Clean presently has a consensus rating of “Moderate Buy” and an average target price of $52.33.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $40.26 on Thursday. The firm has a market cap of $1.80 billion, a PE ratio of -58.35 and a beta of 2.03. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $49.25. 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 business has a 50 day moving average price of $44.07 and a 200-day moving average price of $35.50.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share for the quarter. The firm had revenue of $444.80 million during the quarter, compared to analyst estimates 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 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.