Royce & Associates LP Purchases 63,301 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Royce & Associates LP grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,697 shares of the semiconductor company's stock after purchasing an additional 63,301 shares during the period. Royce & Associates LP owned about 2.02% of Ultra Clean worth $36,284,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC raised its position in 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 buying an additional 213 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 661 shares during the last quarter. CWM LLC lifted its position in Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 253 shares during the period. Innealta Capital LLC purchased a new stake in Ultra Clean in the second quarter worth approximately $41,000. Finally, nVerses Capital LLC bought a new stake in Ultra Clean in the 2nd quarter worth approximately $64,000. Hedge funds and other institutional investors own 96.06% of the company's stock.

Analysts Set New Price Targets

UCTT has been the topic of several research analyst reports. TD Cowen lowered their price target on Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a 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. Oppenheimer initiated coverage on Ultra Clean in a research note on Wednesday, September 25th. They set an "outperform" rating and a $70.00 price target for the company. Finally, Craig Hallum increased their price objective on shares of 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, the stock has a consensus rating of "Buy" and an average target price of $57.75.

Insider Buying and Selling

In other Ultra Clean news, COO Harjinder Bajwa acquired 2,500 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was purchased at an average price 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 in the company, valued at approximately $976,269.03. The trade was a 9.33 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total value of $130,720.40. Following the sale, the insider now directly owns 18,805 shares in the company, valued at $718,351. This trade represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Ultra Clean Stock Performance

UCTT traded down $1.13 during midday trading on Friday, reaching $33.97. The company had a trading volume of 398,824 shares, compared to its average volume of 374,144. The business has a 50-day moving average of $36.36 and a two-hundred day moving average of $41.60. 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 1 year low of $25.65 and a 1 year high of $56.47. The company has a market cap of $1.53 billion, a P/E ratio of 429.43 and a beta of 2.08.

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

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.