Meeder Asset Management Inc. Purchases Shares of 1,735 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Meeder Asset Management Inc. bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,735 shares of the semiconductor company’s stock, valued at approximately $59,000.

Other institutional investors also recently bought and sold shares of the company. Frontier Capital Management Co. LLC lifted its position in Ultra Clean by 76.0% in the first quarter. Frontier Capital Management Co. LLC now owns 1,071,283 shares of the semiconductor company’s stock valued at $35,524,000 after purchasing an additional 462,704 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ultra Clean by 13.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,600,436 shares of the semiconductor company’s stock valued at $86,229,000 after buying an additional 298,675 shares during the last quarter. Divisar Capital Management LLC boosted its position in Ultra Clean by 58.2% during the 1st quarter. Divisar Capital Management LLC now owns 760,554 shares of the semiconductor company’s stock valued at $32,240,000 after buying an additional 279,737 shares during the period. Congress Asset Management Co. MA grew its holdings in Ultra Clean by 37.3% in the 3rd quarter. Congress Asset Management Co. MA now owns 823,957 shares of the semiconductor company’s stock worth $24,447,000 after acquiring an additional 223,865 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Ultra Clean by 4.7% in the third quarter. Vanguard Group Inc. now owns 4,211,736 shares of the semiconductor company’s stock valued at $124,962,000 after acquiring an additional 190,942 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Needham & Company LLC increased their target price on shares of Ultra Clean from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. TD Cowen upped their price target on Ultra Clean from $32.00 to $47.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, TheStreet upgraded Ultra Clean from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ultra Clean has a consensus rating of “Moderate Buy” and an average price target of $52.33.

Ultra Clean Stock Up 2.3 %

NASDAQ:UCTT opened at $47.22 on Wednesday. The company has a 50-day moving average price of $43.85 and a 200-day moving average price of $34.60. The company has a quick ratio of 1.67, a current ratio of 2.88 and a debt-to-equity ratio of 0.51. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $49.25.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $444.80 million during the quarter, compared to the consensus estimate of $444.99 million. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%.

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.