Cwm LLC Acquires 1,634 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Cwm LLC increased its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 204.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,434 shares of the semiconductor company’s stock after purchasing an additional 1,634 shares during the period. Cwm LLC’s holdings in Ultra Clean were worth $97,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UCTT. Vanguard Group Inc. lifted its holdings in Ultra Clean by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 4,360,555 shares of the semiconductor company’s stock worth $148,869,000 after buying an additional 148,819 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Ultra Clean by 19.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,164 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 514 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Ultra Clean by 47.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 808,723 shares of the semiconductor company’s stock valued at $37,152,000 after purchasing an additional 260,740 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Ultra Clean during the first quarter valued at about $96,000. Finally, BNP Paribas Financial Markets grew its stake in Ultra Clean by 32.2% in the first quarter. BNP Paribas Financial Markets now owns 29,679 shares of the semiconductor company’s stock valued at $1,363,000 after purchasing an additional 7,233 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on UCTT. Craig Hallum increased their price target 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. 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 target price for the company. TD Cowen lifted their price target on shares of Ultra Clean from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $56.00 price objective on shares of Ultra Clean in a report on Friday, July 26th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Buy” and a consensus price target of $61.50.

Ultra Clean Stock Performance

Shares of Ultra Clean stock opened at $35.59 on Friday. The company has a 50 day moving average price of $36.76 and a 200 day moving average price of $42.21. The firm has a market capitalization of $1.59 billion, a P/E ratio of -43.40 and a beta of 2.08. 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 52 week low of $23.23 and a 52 week high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The business had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $490.06 million. During the same quarter last year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 22.4% on a year-over-year basis. Sell-side analysts expect that Ultra Clean Holdings, Inc. will post 1.1 EPS for the current year.

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.