Lodestar Private Asset Management LLC Purchases New Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Lodestar Private Asset Management LLC acquired a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 3rd quarter, HoldingsChannel reports. The fund acquired 22,161 shares of the semiconductor company’s stock, valued at approximately $885,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UCTT. GAMMA Investing LLC raised its position in shares of Ultra Clean by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 213 shares during the last quarter. Signaturefd LLC lifted its position in shares of Ultra Clean by 465.5% in the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 661 shares in the last quarter. CWM LLC boosted its stake in shares of Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 253 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Ultra Clean during the second quarter worth approximately $41,000. Finally, nVerses Capital LLC acquired a new position in Ultra Clean in the 2nd quarter valued at $64,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Price Performance

Shares of UCTT stock opened at $35.12 on Wednesday. The firm’s 50-day moving average is $36.67 and its two-hundred day moving average is $42.09. The company has a market capitalization of $1.57 billion, a PE ratio of -42.83 and a beta of 2.08. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.73 and a quick ratio of 1.60. Ultra Clean Holdings, Inc. has a 12 month low of $23.26 and a 12 month high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $540.40 million for the quarter, compared to the consensus estimate of $515.88 million. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Analysts predict that Ultra Clean Holdings, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UCTT shares. Needham & Company LLC dropped their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday. Craig Hallum boosted their price target on shares of Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Oppenheimer initiated coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective for the company. Finally, TD Cowen dropped their price target on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Ultra Clean has an average rating of “Buy” and an average target price of $57.75.

Ultra Clean Company Profile

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.