Counterpoint Mutual Funds LLC Buys 631 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Counterpoint Mutual Funds LLC raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,182 shares of the semiconductor company’s stock after acquiring an additional 631 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Ultra Clean were worth $438,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of UCTT. Point72 Asia Singapore Pte. Ltd. bought a new position in Ultra Clean during the 3rd quarter valued at $32,000. Nisa Investment Advisors LLC lifted its stake in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 490 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 854 shares in the last quarter. Quarry LP lifted its stake in Ultra Clean by 447.5% during the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 989 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 1,386 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Insider Transactions at Ultra Clean

In other news, insider Bill Bentinck acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $25.17 per share, with a total value of $75,510.00. Following the acquisition, the insider now owns 60,695 shares in the company, valued at $1,527,693.15. The trade was a 5.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ernest E. Maddock acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $24.29 per share, with a total value of $242,900.00. Following the acquisition, the director now owns 11,000 shares in the company, valued at $267,190. The trade was a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th.

Ultra Clean Trading Up 0.4 %

NASDAQ UCTT opened at $25.34 on Tuesday. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 316.79, a PEG ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a one year low of $22.40 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The business’s fifty day moving average is $33.57 and its 200-day moving average is $35.54.

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.