Mirae Asset Global Investments Co. Ltd. Buys 930 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,343 shares of the semiconductor company’s stock after purchasing an additional 930 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Ultra Clean were worth $695,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in UCTT. SG Americas Securities LLC bought a new stake in shares of Ultra Clean in the third quarter worth $686,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Ultra Clean by 40.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,803 shares of the semiconductor company’s stock worth $350,000 after purchasing an additional 3,394 shares in the last quarter. Strs Ohio lifted its position in shares of Ultra Clean by 10.5% in the third quarter. Strs Ohio now owns 9,500 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 900 shares in the last quarter. Congress Wealth Management LLC DE lifted its position in shares of Ultra Clean by 6.9% in the third quarter. Congress Wealth Management LLC DE now owns 115,751 shares of the semiconductor company’s stock worth $3,434,000 after purchasing an additional 7,472 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in Ultra Clean during the third quarter worth $1,971,000. Institutional investors own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on UCTT shares. TD Cowen upped their price target on shares of Ultra Clean from $32.00 to $47.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Needham & Company LLC upped their price target on shares of Ultra Clean from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, TheStreet raised shares of Ultra Clean from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Ultra Clean currently has an average rating of “Moderate Buy” and an average price target of $52.33.

Ultra Clean Price Performance

NASDAQ:UCTT opened at $40.26 on Thursday. Ultra Clean Holdings, Inc. has a one year low of $22.15 and a one year high of $49.25. The company has a market cap of $1.80 billion, a P/E ratio of -58.35 and a beta of 2.03. The firm’s fifty day moving average price is $44.07 and its two-hundred day moving average price is $35.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.88 and a quick ratio of 1.67.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.12 EPS for the quarter. Ultra Clean had a negative net margin of 1.79% and a positive return on equity of 1.69%. The firm had revenue of $444.80 million for the quarter, compared to the consensus estimate of $444.99 million.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.