Lodestar Private Asset Management LLC lessened its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 11.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,500 shares of the semiconductor company’s stock after selling 1,757 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in Ultra Clean were worth $305,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC purchased a new position in Ultra Clean during the 1st quarter worth $25,000. Brooklyn Investment Group acquired a new position in shares of Ultra Clean during the first quarter worth about $33,000. AlphaQuest LLC raised its holdings in Ultra Clean by 1,321.9% during the first quarter. AlphaQuest LLC now owns 2,403 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 2,234 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Ultra Clean by 481.4% during the first quarter. Russell Investments Group Ltd. now owns 2,744 shares of the semiconductor company’s stock worth $59,000 after purchasing an additional 2,272 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Ultra Clean by 220.1% in the second quarter. GAMMA Investing LLC now owns 4,356 shares of the semiconductor company’s stock valued at $98,000 after purchasing an additional 2,995 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.
Ultra Clean Stock Performance
NASDAQ UCTT opened at $25.53 on Monday. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $41.84. The business has a fifty day moving average of $25.23 and a 200-day moving average of $22.81. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -7.55, a price-to-earnings-growth ratio of 1.00 and a beta of 2.14.
Wall Street Analyst Weigh In
Several research firms have recently commented on UCTT. Needham & Company LLC raised their price target on Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ultra Clean in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.67.
Check Out Our Latest Stock Report on UCTT
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.
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