Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 454.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 335,096 shares of the semiconductor company's stock after acquiring an additional 274,628 shares during the period. Assenagon Asset Management S.A. owned approximately 0.74% of Ultra Clean worth $13,380,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UCTT. Signaturefd LLC lifted its position in Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 661 shares during the period. Palouse Capital Management Inc. raised its stake in shares of Ultra Clean by 70.8% in the third quarter. Palouse Capital Management Inc. now owns 5,692 shares of the semiconductor company's stock worth $227,000 after purchasing an additional 2,359 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Ultra Clean by 1,073.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,040 shares of the semiconductor company's stock worth $521,000 after purchasing an additional 11,929 shares during the period. Teamwork Financial Advisors LLC purchased a new stake in Ultra Clean in the third quarter valued at approximately $327,000. Finally, Creative Planning acquired a new position in Ultra Clean in the 3rd quarter worth approximately $546,000. Institutional investors and hedge funds own 96.06% of the company's stock.

Ultra Clean Trading Down 1.5 %

Shares of NASDAQ UCTT traded down $0.54 during trading on Monday, hitting $35.05. 661,206 shares of the company were exchanged, compared to its average volume of 360,880. The company has a fifty day moving average price of $36.67 and a 200-day moving average price of $42.09. Ultra Clean Holdings, Inc. has a 12-month low of $23.26 and a 12-month high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.60 and a current ratio of 2.73. The firm has a market capitalization of $1.57 billion, a PE ratio of -42.74 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $516.10 million for the quarter, compared to analyst estimates of $490.06 million. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. Ultra Clean's revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities research analysts expect that Ultra Clean Holdings, Inc. will post 1.1 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on UCTT shares. Craig Hallum raised their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Needham & Company LLC reiterated a "buy" rating and set a $56.00 price objective on shares of Ultra Clean in a research note on Friday, July 26th. Oppenheimer assumed coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 target price on the stock. Finally, TD Cowen raised their target price on Ultra Clean from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $61.50.

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.