Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,142 shares of the semiconductor company’s stock after selling 1,661 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ultra Clean were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new position in Ultra Clean during the 4th quarter valued at about $59,000. Everence Capital Management Inc. increased its stake in shares of Ultra Clean by 7.1% during the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 530 shares in the last quarter. Strs Ohio lifted its holdings 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 last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Ultra Clean in the 3rd quarter worth approximately $299,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Ultra Clean in the 3rd quarter worth approximately $300,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UCTT has been the subject of a number of recent research reports. Needham & Company LLC lifted their price objective on 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 lifted their price target on Ultra Clean from $32.00 to $47.00 and gave the stock an “outperform” rating in a research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

Ultra Clean Price Performance

Shares of NASDAQ UCTT opened at $42.11 on Friday. The firm has a market cap of $1.88 billion, a P/E ratio of -61.03 and a beta of 2.02. Ultra Clean Holdings, Inc. has a twelve month low of $22.15 and a twelve month high of $49.25. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $43.77 and a 200 day moving average of $36.21.

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

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.