Moloney Securities Asset Management LLC Purchases Shares of 26,256 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Moloney Securities Asset Management LLC purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 26,256 shares of the semiconductor company's stock, valued at approximately $1,048,000. Moloney Securities Asset Management LLC owned approximately 0.06% of Ultra Clean at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of UCTT. GAMMA Investing LLC grew its holdings in shares of Ultra Clean by 52.1% in the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 213 shares during the last quarter. CWM LLC increased its holdings in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. Signaturefd LLC increased its holdings in Ultra Clean by 465.5% in the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 661 shares in the last quarter. Innealta Capital LLC purchased a new position in Ultra Clean in the 2nd quarter valued at $41,000. Finally, nVerses Capital LLC acquired a new position in shares of Ultra Clean during the 2nd quarter valued at about $64,000. Institutional investors own 96.06% of the company's stock.

Insider Transactions at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa acquired 2,500 shares of Ultra Clean stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $33.33 per share, with a total value of $83,325.00. Following the completion of the purchase, the chief operating officer now directly owns 29,291 shares of the company's stock, valued at $976,269.03. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is owned by company insiders.

Ultra Clean Stock Performance

Ultra Clean stock traded up $1.51 during trading hours on Wednesday, hitting $37.55. The stock had a trading volume of 559,145 shares, compared to its average volume of 372,511. Ultra Clean Holdings, Inc. has a fifty-two week low of $24.39 and a fifty-two week high of $56.47. The company has a market cap of $1.69 billion, a PE ratio of 450.56 and a beta of 2.08. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company has a 50-day moving average of $36.28 and a two-hundred day moving average of $41.79.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.