Magnetar Financial LLC Purchases Shares of 8,122 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Magnetar Financial LLC acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 8,122 shares of the semiconductor company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ultra Clean during the third quarter worth $32,000. Nisa Investment Advisors LLC lifted its holdings in shares of Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 490 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of 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 increased its stake in Ultra Clean by 447.5% in the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 989 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Ultra Clean by 139.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 1,386 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Ultra Clean in a report on Thursday, March 6th.

Ultra Clean Stock Down 1.7 %

UCTT opened at $24.25 on Monday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 303.16, a PEG ratio of 0.51 and a beta of 2.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The firm’s 50-day simple moving average is $32.47 and its 200-day simple moving average is $35.22. Ultra Clean Holdings, Inc. has a twelve month low of $22.40 and a twelve month high of $56.47.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the transaction, the insider now owns 60,695 shares in the company, valued at $1,527,693.15. This trade represents a 5.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ernest E. Maddock bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $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.

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.