Vanguard Group Inc. Purchases 148,819 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Vanguard Group Inc. grew its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTTFree Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,360,555 shares of the semiconductor company’s stock after purchasing an additional 148,819 shares during the quarter. Vanguard Group Inc. owned approximately 9.77% of Ultra Clean worth $148,869,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in Ultra Clean in the fourth quarter valued at approximately $59,000. TFO Wealth Partners LLC boosted its stake in Ultra Clean by 27,160.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,726 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 2,716 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in Ultra Clean during the fourth quarter worth $202,000. Everence Capital Management Inc. grew its holdings in Ultra Clean by 7.1% in the fourth quarter. Everence Capital Management Inc. now owns 7,980 shares of the semiconductor company’s stock worth $272,000 after purchasing an additional 530 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Ultra Clean in the third quarter valued at $306,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Stock Up 1.7 %

Shares of NASDAQ UCTT opened at $51.63 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. Ultra Clean Holdings, Inc. has a 1 year low of $22.15 and a 1 year high of $51.96. The stock has a market capitalization of $2.31 billion, a P/E ratio of -62.96 and a beta of 2.13. The company has a 50-day moving average price of $46.09 and a 200-day moving average price of $42.34.

Ultra Clean (NASDAQ:UCTTGet Free Report) last released its quarterly earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $477.70 million during the quarter, compared to the consensus estimate of $455.00 million. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UCTT shares. TD Cowen increased their price objective on shares of Ultra Clean from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Needham & Company LLC raised their price objective on Ultra Clean from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Ultra Clean has an average rating of “Moderate Buy” and an average price target of $57.00.

Get Our Latest Stock Analysis on UCTT

Insider Activity at Ultra Clean

In other Ultra Clean news, CFO Sheri Savage sold 15,319 shares of Ultra Clean stock in a transaction on Friday, June 7th. The shares were sold at an average price of $46.00, for a total transaction of $704,674.00. Following the transaction, the chief financial officer now directly owns 75,044 shares of the company’s stock, valued at approximately $3,452,024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Ultra Clean news, CFO Sheri Savage sold 15,319 shares of Ultra Clean stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $46.00, for a total transaction of $704,674.00. Following the transaction, the chief financial officer now owns 75,044 shares of the company’s stock, valued at approximately $3,452,024. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey L. Mckibben sold 5,946 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $45.00, for a total value of $267,570.00. Following the completion of the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $1,085,625. The disclosure for this sale can be found here. In the last three months, insiders sold 72,730 shares of company stock valued at $3,307,918. 2.20% of the stock is owned by insiders.

About Ultra Clean

(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.

Further Reading

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

Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.