Louisiana State Employees Retirement System Acquires Shares of 22,400 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Louisiana State Employees Retirement System acquired a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,400 shares of the semiconductor company’s stock, valued at approximately $765,000.

Other hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in Ultra Clean during the fourth quarter valued at $59,000. Strs Ohio boosted its stake in shares of Ultra Clean by 10.5% during the third quarter. Strs Ohio now owns 9,500 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 900 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Ultra Clean during the third quarter valued at $299,000. Quantbot Technologies LP purchased a new stake in shares of Ultra Clean during the third quarter valued at $300,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ultra Clean during the third quarter valued at $306,000. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen boosted their target price on shares of Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Needham & Company LLC boosted their target price on shares of Ultra Clean from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Ultra Clean presently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

Ultra Clean Stock Up 2.8 %

NASDAQ:UCTT opened at $41.96 on Friday. Ultra Clean Holdings, Inc. has a 1-year low of $22.15 and a 1-year high of $49.25. The company has a 50-day moving average of $43.94 and a 200 day moving average of $35.66. The firm has a market cap of $1.87 billion, a PE ratio of -60.81 and a beta of 2.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67.

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. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The company had revenue of $444.80 million during the quarter, compared to analyst estimates of $444.99 million.

About Ultra Clean

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.