Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Bought by UBS Group AG

UBS Group AG boosted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) by 400.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 183,932 shares of the semiconductor company’s stock after buying an additional 147,149 shares during the period. UBS Group AG’s holdings in Ultra Clean were worth $4,736,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Ultra Clean by 61.5% in the first quarter. JPMorgan Chase & Co. now owns 239,081 shares of the semiconductor company’s stock valued at $10,134,000 after purchasing an additional 91,007 shares during the period. Bank of New York Mellon Corp boosted its holdings in Ultra Clean by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 456,675 shares of the semiconductor company’s stock valued at $19,358,000 after acquiring an additional 6,451 shares during the period. American Century Companies Inc. lifted its position in shares of Ultra Clean by 27.4% during the first quarter. American Century Companies Inc. now owns 25,827 shares of the semiconductor company’s stock worth $1,095,000 after purchasing an additional 5,548 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Ultra Clean by 13.3% in the first quarter. Citigroup Inc. now owns 56,789 shares of the semiconductor company’s stock valued at $2,407,000 after purchasing an additional 6,662 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Ultra Clean by 60.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,821 shares of the semiconductor company’s stock valued at $247,000 after purchasing an additional 2,190 shares in the last quarter. 79.20% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Trading Up 2.2 %

UCTT opened at $31.86 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.68 and a current ratio of 2.82. Ultra Clean Holdings, Inc. has a one year low of $23.32 and a one year high of $46.17. The company has a market cap of $1.45 billion, a P/E ratio of 36.62 and a beta of 1.99. The business’s 50-day simple moving average is $34.13 and its 200-day simple moving average is $31.93.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TheStreet raised shares of Ultra Clean from a “c” rating to a “b-” rating in a research report on Wednesday, February 22nd. DA Davidson reissued a “buy” rating on shares of Ultra Clean in a research note on Tuesday, January 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $39.00 price target on shares of Ultra Clean in a research report on Thursday, February 23rd. Finally, Craig Hallum downgraded Ultra Clean from a “buy” rating to a “hold” rating and set a $32.00 price objective for the company. in a research report on Tuesday, January 10th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.20.

About Ultra Clean

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Ultra Clean Holdings, Inc designs, manufactures and sells its products and services primarily to customers in the semiconductor capital equipment industry. It operates through the following segments: Semiconductor Products & Solutions (SPS) and Semiconductor Services Business (SSB). The SPS segment provides warranty on its products for a period of up to two years and provides for warranty costs at the time of sale based on historical activity.