Vanguard Group Inc. Has $173.83 Million Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Vanguard Group Inc. raised its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,835,228 shares of the semiconductor company's stock after buying an additional 129,616 shares during the period. Vanguard Group Inc. owned 10.73% of Ultra Clean worth $173,826,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UCTT. Verition Fund Management LLC bought a new stake in Ultra Clean during the 3rd quarter worth $829,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ultra Clean during the third quarter worth about $32,000. Holocene Advisors LP acquired a new position in shares of Ultra Clean in the third quarter valued at approximately $797,000. Point72 Asset Management L.P. bought a new position in Ultra Clean in the 3rd quarter valued at approximately $191,000. Finally, Quarry LP boosted its position in Ultra Clean by 447.5% during the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock worth $48,000 after buying an additional 989 shares during the period. Institutional investors own 96.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UCTT. Oppenheimer decreased their price target on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday. Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of Ultra Clean in a report on Thursday, March 6th.

Insider Transactions at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $25.17 per share, with a total value of $75,510.00. Following the purchase, the insider now directly owns 60,695 shares of the company's stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ernest E. Maddock bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of $24.29 per share, with a total value of $242,900.00. Following the purchase, the director now directly owns 11,000 shares of the company's stock, valued at $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.

Ultra Clean Trading Up 0.8 %

NASDAQ:UCTT traded up $0.16 on Friday, reaching $19.85. 473,863 shares of the stock traded hands, compared to its average volume of 421,395. The firm has a market capitalization of $895.87 million, a price-to-earnings ratio of 248.16, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $56.47. 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 company's 50 day moving average is $27.10 and its 200-day moving average is $33.64.

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.