Charles Schwab Investment Management Inc. Increases Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Charles Schwab Investment Management Inc. boosted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 678,223 shares of the semiconductor company's stock after acquiring an additional 30,935 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.51% of Ultra Clean worth $24,382,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in UCTT. Victory Capital Management Inc. increased its stake in Ultra Clean by 6.8% in the third quarter. Victory Capital Management Inc. now owns 57,825 shares of the semiconductor company's stock valued at $2,309,000 after acquiring an additional 3,681 shares during the last quarter. Quest Partners LLC grew its stake in shares of Ultra Clean by 4,602.7% during the third quarter. Quest Partners LLC now owns 6,866 shares of the semiconductor company's stock valued at $274,000 after buying an additional 6,720 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Ultra Clean by 306.8% in the third quarter. Meeder Asset Management Inc. now owns 3,466 shares of the semiconductor company's stock worth $138,000 after buying an additional 2,614 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Ultra Clean by 74.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,978 shares of the semiconductor company's stock valued at $319,000 after acquiring an additional 3,394 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Ultra Clean in the 3rd quarter valued at about $550,000. Institutional investors own 96.06% of the company's stock.

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Ultra Clean Trading Down 1.7 %

Shares of Ultra Clean stock traded down $0.43 on Friday, hitting $24.25. The stock had a trading volume of 637,095 shares, compared to its average volume of 389,238. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a one year low of $22.40 and a one year high of $56.47. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 303.16, a PEG ratio of 0.51 and a beta of 2.20. The stock's 50-day simple moving average is $32.47 and its two-hundred day simple moving average is $35.21.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a "buy" rating and issued a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th.

Insider Transactions at Ultra Clean

In related news, Director Ernest E. Maddock purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. The trade was a 1,000.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bill Bentinck purchased 3,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the acquisition, the insider now owns 60,695 shares of the company's stock, valued at $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company's stock.

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.