Schwab Charles Investment Management Inc. boosted its holdings in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,210 shares of the semiconductor company’s stock after acquiring an additional 33,740 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.76% of Ultra Clean worth $5,893,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Columbia Partners L L C Investment Management purchased a new position in Ultra Clean during the 3rd quarter valued at $698,000. Alps Advisors Inc. purchased a new position in Ultra Clean during the 3rd quarter valued at $600,000. Sanctuary Wealth Advisors LLC purchased a new position in Ultra Clean during the 3rd quarter valued at $3,843,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Ultra Clean by 525.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock valued at $854,000 after acquiring an additional 23,440 shares during the period. Finally, Cypress Capital Management LLC WY purchased a new position in Ultra Clean during the 3rd quarter valued at $1,084,000. Institutional investors own 68.73% of the company’s stock.
Shares of Ultra Clean Holdings Inc (UCTT) opened at $21.24 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $816.35, a price-to-earnings ratio of 9.70, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92. Ultra Clean Holdings Inc has a 1 year low of $13.83 and a 1 year high of $34.59.
A number of equities analysts recently issued reports on UCTT shares. Zacks Investment Research upgraded Ultra Clean from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 7th. Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Monday, December 4th. Cowen restated a “buy” rating on shares of Ultra Clean in a report on Thursday, February 15th. Finally, BidaskClub cut Ultra Clean from a “sell” rating to a “strong sell” rating in a report on Saturday, February 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Ultra Clean presently has an average rating of “Buy” and a consensus price target of $31.33.
In other Ultra Clean news, SVP Ronald D’ercole sold 3,009 shares of Ultra Clean stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $21.41, for a total transaction of $64,422.69. Following the completion of the sale, the senior vice president now directly owns 58,909 shares of the company’s stock, valued at approximately $1,261,241.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David T. Ibnale sold 12,500 shares of Ultra Clean stock in a transaction on Friday, December 15th. The shares were sold at an average price of $21.58, for a total value of $269,750.00. Following the sale, the director now directly owns 63,500 shares of the company’s stock, valued at $1,370,330. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 107,227 shares of company stock valued at $2,458,801. 2.60% of the stock is currently owned by corporate insiders.
Ultra Clean Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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