22,161 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Bought by Lodestar Private Asset Management LLC

Lodestar Private Asset Management LLC purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,161 shares of the semiconductor company's stock, valued at approximately $885,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Ultra Clean by 52.1% in the 2nd 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 period. Signaturefd LLC lifted its holdings in Ultra Clean by 465.5% in the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock worth $32,000 after buying an additional 661 shares during the period. CWM LLC boosted its position in 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 acquiring an additional 253 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Ultra Clean during the 2nd quarter worth approximately $41,000. Finally, nVerses Capital LLC bought a new position in shares of Ultra Clean in the 2nd quarter worth approximately $64,000. Institutional investors own 96.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on UCTT shares. TD Cowen reduced their price target on Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a research note on Tuesday. Needham & Company LLC reduced their target price on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday. Oppenheimer began coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an "outperform" rating and a $70.00 price target for the company. Finally, Craig Hallum upped their price objective 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. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $57.75.

Ultra Clean Stock Up 2.2 %

Shares of Ultra Clean stock traded up $0.76 on Wednesday, reaching $35.88. The company's stock had a trading volume of 1,196,743 shares, compared to its average volume of 370,366. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -43.09 and a beta of 2.08. The company has a quick ratio of 1.60, a current ratio of 2.73 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 52 week low of $23.41 and a 52 week high of $56.47. The firm's fifty day simple moving average is $36.60 and its two-hundred day simple moving average is $42.03.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its 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. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The business had revenue of $540.40 million for the quarter, compared to analysts' expectations of $515.88 million. During the same quarter in the prior year, the business earned ($0.03) EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. Equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.1 earnings per share for the current year.

About Ultra Clean

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.