Illinois Municipal Retirement Fund Lowers Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Illinois Municipal Retirement Fund decreased its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 6.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,107 shares of the semiconductor company’s stock after selling 1,696 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Ultra Clean were worth $891,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Ultra Clean during the third quarter valued at about $686,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Ultra Clean by 40.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,803 shares of the semiconductor company’s stock valued at $350,000 after acquiring an additional 3,394 shares during the last quarter. Strs Ohio raised 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 acquiring an additional 900 shares during the last quarter. Congress Wealth Management LLC DE raised its stake in shares of Ultra Clean by 6.9% during the third quarter. Congress Wealth Management LLC DE now owns 115,751 shares of the semiconductor company’s stock valued at $3,434,000 after acquiring an additional 7,472 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of Ultra Clean during the third quarter valued at about $1,971,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on UCTT shares. Needham & Company LLC upped their price objective 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. TD Cowen boosted their price target on shares of Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.33.

Ultra Clean Price Performance

Shares of UCTT opened at $41.96 on Monday. The stock 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 quick ratio of 1.67 and a current ratio of 2.88. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $49.25. The firm’s 50-day simple moving average is $43.94 and its two-hundred day simple moving average is $35.76.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $444.80 million for the quarter, compared to the consensus estimate of $444.99 million. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%.

Ultra Clean Company 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.