Schroder Investment Management Group Raises Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Schroder Investment Management Group grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 34.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,637 shares of the semiconductor company’s stock after buying an additional 49,581 shares during the period. Schroder Investment Management Group owned approximately 0.48% of Ultra Clean worth $6,032,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in Ultra Clean by 23.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,478 shares of the semiconductor company’s stock worth $46,000 after buying an additional 283 shares in the last quarter. Public Sector Pension Investment Board grew its stake in Ultra Clean by 0.5% in the 4th quarter. Public Sector Pension Investment Board now owns 89,583 shares of the semiconductor company’s stock worth $2,791,000 after buying an additional 440 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Ultra Clean by 3.4% in the 4th quarter. New York State Teachers Retirement System now owns 24,669 shares of the semiconductor company’s stock worth $768,000 after acquiring an additional 800 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ultra Clean by 4.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 23,994 shares of the semiconductor company’s stock worth $747,000 after acquiring an additional 962 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Ultra Clean by 1.6% in the 3rd quarter. California State Teachers Retirement System now owns 60,708 shares of the semiconductor company’s stock worth $1,303,000 after acquiring an additional 975 shares during the last quarter. 79.89% of the stock is owned by institutional investors and hedge funds.

NASDAQ UCTT opened at $54.78 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.73. The stock has a market capitalization of $2.22 billion, a PE ratio of 50.72, a PEG ratio of 1.71 and a beta of 1.98. Ultra Clean Holdings, Inc. has a 1 year low of $14.72 and a 1 year high of $65.33. The business’s 50-day moving average is $53.02 and its 200 day moving average is $37.90.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Tuesday, February 16th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The company had revenue of $369.63 million for the quarter, compared to analysts’ expectations of $365.40 million. Ultra Clean had a return on equity of 18.22% and a net margin of 3.40%. As a group, equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 2.42 earnings per share for the current year.

A number of equities research analysts have recently weighed in on UCTT shares. Craig Hallum boosted their price objective on shares of Ultra Clean from $47.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 18th. Cowen boosted their price objective on shares of Ultra Clean from $57.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday. Needham & Company LLC boosted their price objective on shares of Ultra Clean from $55.00 to $66.00 and gave the stock a “buy” rating in a report on Monday. Finally, DA Davidson boosted their price objective on shares of Ultra Clean from $35.00 to $42.00 in a report on Friday, December 18th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $48.50.

In related news, CFO Sheri Savage sold 7,446 shares of the firm’s stock in a transaction dated Thursday, April 1st. The stock was sold at an average price of $61.52, for a total value of $458,077.92. Following the sale, the chief financial officer now directly owns 142,369 shares of the company’s stock, valued at $8,758,540.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is owned by company insiders.

About Ultra Clean

Ultra Clean Holdings, Inc designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets in the United States and internationally. The company provides subsystems, such as wafer cleaning modules; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; frame assemblies; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.

Recommended Story: Non-Fungible Token (NFT)

Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings, Inc. (NASDAQ:UCTT).

Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.