Tudor Investment Corp ET AL Acquires New Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Tudor Investment Corp ET AL bought a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,767 shares of the semiconductor company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund raised its holdings in Ultra Clean by 132.6% in the 4th quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock valued at $1,302,000 after buying an additional 20,650 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Ultra Clean by 694.3% in 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Ultra Clean by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock worth $7,903,000 after acquiring an additional 6,546 shares during the last quarter. Barclays PLC boosted its position in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after purchasing an additional 66,695 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Ultra Clean by 27.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock valued at $20,209,000 after purchasing an additional 110,403 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of UCTT opened at $20.03 on Friday. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The stock has a market capitalization of $904.33 million, a PE ratio of 250.41, a PEG ratio of 0.51 and a beta of 2.09. 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 stock has a 50-day simple moving average of $21.43 and a 200-day simple moving average of $31.09.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Ultra Clean

In other news, SVP Jamie J. Palfrey sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total transaction of $182,400.00. Following the sale, the senior vice president now owns 30,465 shares of the company’s stock, valued at approximately $584,928. This trade represents a 23.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bill Bentinck purchased 3,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $25.17 per share, with a total value of $75,510.00. Following the completion of the acquisition, the insider now directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UCTT shares. StockNews.com lowered Ultra Clean from a “hold” rating to a “sell” rating in a research report on Wednesday, April 30th. Oppenheimer dropped their target price on Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Needham & Company LLC reduced their price target on shares of Ultra Clean from $40.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, April 29th. Finally, TD Cowen dropped their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, Ultra Clean currently has an average rating of “Moderate Buy” and an average target price of $37.00.

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.