Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 2.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 647,288 shares of the semiconductor company's stock after purchasing an additional 18,000 shares during the period. Charles Schwab Investment Management Inc. owned about 1.44% of Ultra Clean worth $25,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. boosted its stake in Ultra Clean by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company's stock worth $42,179,000 after purchasing an additional 52,075 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Ultra Clean by 130.1% during the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company's stock worth $14,663,000 after buying an additional 207,633 shares during the period. Moloney Securities Asset Management LLC purchased a new position in shares of Ultra Clean during the third quarter worth about $1,048,000. Assenagon Asset Management S.A. increased its position in Ultra Clean by 454.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company's stock valued at $13,380,000 after acquiring an additional 274,628 shares during the period. Finally, Lodestar Private Asset Management LLC purchased a new stake in Ultra Clean during the 3rd quarter valued at approximately $885,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT traded up $0.34 on Friday, reaching $37.90. 134,629 shares of the company were exchanged, compared to its average volume of 371,801. The company has a 50-day moving average of $37.19 and a 200-day moving average of $40.99. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 469.56 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1-year low of $27.58 and a 1-year high of $56.47.

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

Insider Activity at Ultra Clean

In other Ultra Clean news, insider Jeffrey L. Mckibben sold 3,422 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the transaction, the insider now directly owns 18,805 shares in the company, valued at approximately $718,351. This trade represents a 15.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Harjinder Bajwa purchased 15,000 shares of Ultra Clean stock in a transaction on Wednesday, November 13th. The stock was acquired at an average cost of $34.83 per share, for a total transaction of $522,450.00. Following the acquisition, the chief operating officer now directly owns 44,291 shares of the company's stock, valued at approximately $1,542,655.53. This represents a 51.21 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 27,500 shares of company stock valued at $943,275 in the last ninety days. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on UCTT. 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 research note on Tuesday, October 29th. TD Cowen cut 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. Finally, Oppenheimer started coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 target price on the stock. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus 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.