Chicago Equity Partners LLC trimmed its position in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,620 shares of the semiconductor company’s stock after selling 2,690 shares during the quarter. Chicago Equity Partners LLC’s holdings in Ultra Clean were worth $2,300,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Ultra Clean by 32.3% in the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock worth $30,691,000 after purchasing an additional 399,627 shares during the period. Columbia Partners L L C Investment Management acquired a new stake in Ultra Clean in the third quarter worth about $698,000. Sanctuary Wealth Advisors LLC acquired a new stake in Ultra Clean in the third quarter worth about $3,843,000. Alps Advisors Inc. acquired a new stake in Ultra Clean in the third quarter worth about $600,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Ultra Clean by 525.9% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock worth $854,000 after purchasing an additional 23,440 shares during the period. Hedge funds and other institutional investors own 75.15% of the company’s stock.
Ultra Clean Holdings Inc (NASDAQ UCTT) opened at $19.45 on Tuesday. The stock has a market capitalization of $654.05, a PE ratio of 10.35, a PEG ratio of 0.53 and a beta of 0.82. Ultra Clean Holdings Inc has a 12-month low of $11.86 and a 12-month high of $34.59. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.
UCTT has been the subject of a number of research reports. Zacks Investment Research lowered Ultra Clean from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Saturday, January 6th. Dougherty & Co boosted their target price on Ultra Clean from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Needham & Company LLC decreased their target price on Ultra Clean from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. ValuEngine lowered Ultra Clean from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.00.
About Ultra Clean
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.
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