Swiss National Bank Purchases 2,800 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Swiss National Bank grew its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,700 shares of the semiconductor company’s stock after purchasing an additional 2,800 shares during the quarter. Swiss National Bank owned approximately 0.24% of Ultra Clean worth $3,637,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Ronald Blue Trust Inc. boosted its stake in Ultra Clean by 863.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 973 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 872 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Ultra Clean during the second quarter worth $48,000. Worth Asset Management LLC bought a new position in Ultra Clean during the first quarter worth $49,000. Captrust Financial Advisors boosted its stake in Ultra Clean by 76.9% during the first quarter. Captrust Financial Advisors now owns 2,026 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 881 shares in the last quarter. Finally, Ellevest Inc. boosted its stake in Ultra Clean by 28.2% during the third quarter. Ellevest Inc. now owns 2,441 shares of the semiconductor company’s stock worth $63,000 after acquiring an additional 537 shares in the last quarter. 79.20% of the stock is owned by institutional investors.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $29.90 on Monday. The firm has a 50-day moving average of $29.81 and a 200-day moving average of $32.47. The company has a market cap of $1.34 billion, a P/E ratio of 166.11 and a beta of 1.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.13 and a quick ratio of 1.75. Ultra Clean Holdings, Inc. has a one year low of $23.32 and a one year high of $39.10.

Ultra Clean (NASDAQ:UCTT – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter. Ultra Clean had a net margin of 0.40% and a return on equity of 14.48%. The business had revenue of $566.40 million during the quarter, compared to the consensus estimate of $565.00 million.

Wall Street Analysts Forecast Growth

UCTT has been the topic of several research reports. Needham & Company LLC lowered their price objective on shares of Ultra Clean from $39.00 to $35.00 in a report on Thursday, April 27th. TheStreet downgraded shares of Ultra Clean from a “b-” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, StockNews.com initiated coverage on shares of Ultra Clean in a report on Thursday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.40.

Insider Buying and Selling

In related news, CFO Sheri Savage sold 8,071 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $32.30, for a total transaction of $260,693.30. Following the completion of the sale, the chief financial officer now owns 77,028 shares in the company, valued at $2,488,004.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.10% of the stock is currently owned by corporate insiders.

Ultra Clean Company Profile

(Get Rating)

Ultra Clean Holdings, Inc engages in the development and supplying of critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry. It operates through the Products and Services segments. The Products segment is involved in the design and manufacture of production tools, components, parts, and modules, and subsystems for the semiconductor and display capital equipment industry.