Signaturefd LLC Purchases 661 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Signaturefd LLC lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 465.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 803 shares of the semiconductor company’s stock after purchasing an additional 661 shares during the quarter. Signaturefd LLC’s holdings in Ultra Clean were worth $32,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of UCTT. Swedbank AB purchased a new position in Ultra Clean in the 1st quarter worth $111,828,000. Hood River Capital Management LLC purchased a new position in shares of Ultra Clean in the first quarter worth about $10,915,000. Vanguard Group Inc. lifted its stake in shares of Ultra Clean by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock valued at $148,869,000 after acquiring an additional 148,819 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Ultra Clean by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 159,579 shares of the semiconductor company’s stock valued at $7,819,000 after acquiring an additional 118,390 shares during the period. Finally, Comerica Bank boosted its holdings in Ultra Clean by 512.5% during the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock valued at $6,169,000 after acquiring an additional 112,366 shares during the period. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Price Performance

UCTT opened at $35.88 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73. The stock has a market capitalization of $1.60 billion, a PE ratio of -43.76 and a beta of 2.08. The stock’s 50 day moving average price is $36.60 and its 200-day moving average price is $42.03. Ultra Clean Holdings, Inc. has a 52-week low of $23.41 and a 52-week high of $56.47.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The business had revenue of $540.40 million for the quarter, compared to the consensus estimate of $515.88 million. During the same period in the previous year, the firm earned ($0.03) EPS. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities research analysts predict that Ultra Clean Holdings, Inc. will post 1.1 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UCTT. TD Cowen lowered their price objective on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday. Needham & Company LLC decreased their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday. Oppenheimer assumed coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target for the company. Finally, Craig Hallum boosted their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $57.75.

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.