Creative Planning Buys Shares of 13,680 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Creative Planning bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTTFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,680 shares of the semiconductor company’s stock, valued at approximately $546,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Swedbank AB purchased a new stake in shares of Ultra Clean during the 1st quarter valued at about $111,828,000. Hood River Capital Management LLC purchased a new stake in Ultra Clean during the 1st quarter worth approximately $10,915,000. Harbor Capital Advisors Inc. increased 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 worth $7,819,000 after purchasing an additional 118,390 shares during the last quarter. Comerica Bank grew its position in shares of Ultra Clean by 512.5% in the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock worth $6,169,000 after acquiring an additional 112,366 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Ultra Clean by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after purchasing an additional 52,075 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on UCTT shares. Needham & Company LLC reduced their price target on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Oppenheimer started coverage on Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target for the company. Craig Hallum boosted their price target on Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, TD Cowen reduced their price target on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $57.75.

Read Our Latest Research Report on UCTT

Insider Transactions at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of $33.33 per share, with a total value of $83,325.00. Following the completion of the transaction, the chief operating officer now owns 29,291 shares of the company’s stock, valued at approximately $976,269.03. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.20% of the stock is owned by insiders.

Ultra Clean Stock Up 5.1 %

UCTT opened at $36.04 on Wednesday. Ultra Clean Holdings, Inc. has a one year low of $24.39 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The stock’s fifty day moving average is $36.28 and its 200-day moving average is $41.79. The company has a market capitalization of $1.62 billion, a PE ratio of 450.50 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTTGet Free Report) last posted 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. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company had revenue of $540.40 million for the quarter, compared to the consensus estimate of $515.88 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. On average, equities analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Ultra Clean Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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