Lisanti Capital Growth LLC lessened its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 27.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,575 shares of the semiconductor company’s stock after selling 12,710 shares during the period. Lisanti Capital Growth LLC’s holdings in Ultra Clean were worth $2,722,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the stock. Keybank National Association OH bought a new position in Ultra Clean in the third quarter valued at approximately $399,000. Fulcrum Asset Management LLP raised its stake in shares of Ultra Clean by 389.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 10,896 shares of the semiconductor company’s stock worth $877,000 after purchasing an additional 8,670 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Ultra Clean by 59.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 503,912 shares of the semiconductor company’s stock valued at $39,628,000 after buying an additional 187,996 shares during the last quarter. StoneRidge PMG Advisors LLC acquired a new stake in shares of Ultra Clean in the 3rd quarter valued at approximately $338,000. Finally, CenterBook Partners LP acquired a new stake in shares of Ultra Clean in the 3rd quarter valued at approximately $1,772,000. 96.06% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
UCTT has been the subject of several analyst reports. Zacks Research cut shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ultra Clean in a research note on Wednesday, November 4th. Needham & Company LLC cut their price target on shares of Ultra Clean from $125.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, UBS Group reissued a “buy” rating on shares of Ultra Clean in a research report on Wednesday, October 28th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $114.00.
Read Our Latest Stock Analysis on UCTT
Ultra Clean Stock Performance
UCTT opened at $49.63 on Thursday. The company has a quick ratio of 1.28, a current ratio of 2.79 and a debt-to-equity ratio of 0.78. Ultra Clean Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $144.22. The business has a 50 day moving average of $62.34 and a 200-day moving average of $74.31. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 87.07, a PEG ratio of 0.45 and a beta of 1.90.
Ultra Clean (NASDAQ:UCTT – Get Free Report) last posted its earnings results on Tuesday, October 27th. The semiconductor company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.21. Ultra Clean had a return on equity of 12.00% and a net margin of 1.09%. The business had revenue of $759.00 million for the quarter, compared to analyst estimates of $727.55 million. During the same period in the previous year, the firm earned $0.28 EPS. The firm’s revenue was up 48.8% compared to the same quarter last year. On average, equities research analysts expect that Ultra Clean Holdings, Inc. will post 2.99 earnings per share for the current year.
About Ultra Clean
Ultra Clean Holdings, Inc. (NASDAQ: UCTT) provides products and services used in the manufacture of semiconductor and other high-technology equipment. Its offerings include critical subsystems, components and assemblies, along with engineering and manufacturing services that help equipment makers design, build and support their systems. The company’s products include gas and chemical delivery systems, fluid and precision-engineered components, and assemblies made for use in demanding manufacturing environments.
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