Fisher Asset Management LLC bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 56,850 shares of the semiconductor company’s stock, valued at approximately $1,885,000. Fisher Asset Management LLC owned about 0.12% of Ultra Clean as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ultra Clean by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,539,254 shares of the semiconductor company’s stock valued at $91,136,000 after purchasing an additional 24,071 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ultra Clean by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,898,529 shares of the semiconductor company’s stock valued at $80,480,000 after acquiring an additional 14,339 shares during the last quarter. State Street Corp raised its stake in Ultra Clean by 1.7% during the 3rd quarter. State Street Corp now owns 1,536,802 shares of the semiconductor company’s stock valued at $39,573,000 after acquiring an additional 26,356 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in Ultra Clean by 6.6% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,422,133 shares of the semiconductor company’s stock valued at $36,620,000 after acquiring an additional 87,500 shares during the last quarter. Finally, Royce & Associates LP raised its stake in Ultra Clean by 5.1% during the 3rd quarter. Royce & Associates LP now owns 873,813 shares of the semiconductor company’s stock valued at $22,501,000 after acquiring an additional 42,400 shares during the last quarter. 79.20% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on UCTT shares. TheStreet raised Ultra Clean from a “c” rating to a “b-” rating in a research note on Wednesday, February 22nd. DA Davidson reaffirmed a “buy” rating on shares of Ultra Clean in a research note on Tuesday, January 3rd. StockNews.com started coverage on Ultra Clean in a research note on Thursday, March 16th. They set a “hold” rating for the company. Needham & Company LLC reduced their price objective on Ultra Clean from $39.00 to $35.00 in a research note on Thursday. Finally, Craig Hallum cut Ultra Clean from a “buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research report on Tuesday, January 10th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Ultra Clean currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.
Ultra Clean Stock Performance
Ultra Clean (NASDAQ:UCTT – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The semiconductor company reported $0.85 earnings per share for the quarter. The business had revenue of $566.40 million for the quarter, compared to analysts’ expectations of $565.00 million. Ultra Clean had a return on equity of 14.53% and a net margin of 0.40%.
Insider Buying and Selling
In related news, CFO Sheri Savage sold 8,071 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $32.30, for a total value of $260,693.30. Following the sale, the chief financial officer now owns 77,028 shares in the company, valued at approximately $2,488,004.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
About Ultra Clean
Ultra Clean Holdings, Inc engages in the development and supplying of critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry. It operates through the Products and Services segments. The Products segment is involved in the design and manufacture of production tools, components, parts, and modules, and subsystems for the semiconductor and display capital equipment industry.
Featured Articles
- Get a free copy of the StockNews.com research report on Ultra Clean (UCTT)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
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.
