Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 647,288 shares of the semiconductor company’s stock after purchasing an additional 18,000 shares during the period. Charles Schwab Investment Management Inc. owned about 1.44% of Ultra Clean worth $25,846,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Royce & Associates LP grew its stake in Ultra Clean by 7.5% in the 3rd quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company’s stock worth $36,284,000 after acquiring an additional 63,301 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Ultra Clean by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock worth $42,179,000 after acquiring an additional 52,075 shares during the period. Pinnacle Associates Ltd. grew its stake in Ultra Clean by 2.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock worth $16,799,000 after acquiring an additional 8,471 shares during the period. Harbor Capital Advisors Inc. grew its stake in Ultra Clean by 130.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after acquiring an additional 207,633 shares during the period. Finally, Hood River Capital Management LLC grew its stake in Ultra Clean by 54.2% in the 2nd quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company’s stock worth $17,947,000 after acquiring an additional 128,670 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UCTT has been the topic of a number of research analyst reports. TD Cowen decreased their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Oppenheimer initiated coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price target on the stock. Finally, Needham & Company LLC decreased their price target on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $57.75.

Insider Transactions at Ultra Clean

In related news, insider Jeffrey L. Mckibben sold 3,422 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.20, for a total transaction of $130,720.40. Following the sale, the insider now owns 18,805 shares in the company, valued at $718,351. This represents a 15.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Harjinder Bajwa acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of $33.75 per share, for a total transaction of $337,500.00. Following the purchase, the chief operating officer now owns 54,291 shares of the company’s stock, valued at $1,832,321.25. This trade represents a 22.58 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 27,500 shares of company stock valued at $943,275. Insiders own 2.20% of the company’s stock.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $37.56 on Friday. Ultra Clean Holdings, Inc. has a 12 month low of $27.44 and a 12 month high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The firm has a market capitalization of $1.69 billion, a P/E ratio of 469.56 and a beta of 2.09. The company’s fifty day moving average price is $37.19 and its two-hundred day moving average price is $40.99.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.03) EPS. On average, research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

About Ultra Clean

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.