Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 7,080 shares of the semiconductor company’s stock after purchasing an additional 310 shares during the quarter. Truist Financial Corp’s holdings in Ultra Clean were worth $347,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 213 shares in the last quarter. CWM LLC boosted its position in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Ultra Clean by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 19,993 shares of the semiconductor company’s stock worth $980,000 after purchasing an additional 331 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Ultra Clean by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock worth $1,107,000 after purchasing an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Ultra Clean by 19.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 514 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Price Performance

UCTT opened at $37.02 on Friday. The firm has a market capitalization of $1.65 billion, a P/E ratio of -45.15 and a beta of 2.08. The stock has a fifty day moving average of $36.99 and a 200-day moving average of $42.57. The company has a quick ratio of 1.60, a current ratio of 2.73 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 12-month low of $22.15 and a 12-month high of $56.47.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $516.10 million during the quarter, compared to the consensus estimate of $490.06 million. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. Equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Oppenheimer assumed coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target on the stock. TD Cowen boosted their target price on Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Craig Hallum upped their target price on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $56.00 price target on shares of Ultra Clean in a research note on Friday, July 26th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $61.50.

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.