Everence Capital Management Inc. Grows Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Everence Capital Management Inc. grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,980 shares of the semiconductor company’s stock after purchasing an additional 530 shares during the period. Everence Capital Management Inc.’s holdings in Ultra Clean were worth $272,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of UCTT. Dark Forest Capital Management LP boosted its position in Ultra Clean by 6,364.3% in the 1st quarter. Dark Forest Capital Management LP now owns 905 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 891 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Ultra Clean by 813.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,333 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 1,187 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Ultra Clean in the 2nd quarter worth approximately $48,000. Worth Asset Management LLC purchased a new position in shares of Ultra Clean during the 1st quarter valued at approximately $49,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Ultra Clean during the 4th quarter valued at approximately $59,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $40.50 on Friday. The stock’s fifty day moving average is $44.29 and its two-hundred day moving average is $35.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.67 and a current ratio of 2.88. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.15 and a fifty-two week high of $49.25.

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

Analyst Upgrades and Downgrades

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

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.