Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1,783.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 39,788 shares of the semiconductor company’s stock after buying an additional 37,676 shares during the period. Quantbot Technologies LP’s holdings in Ultra Clean were worth $1,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. CWM LLC increased its holdings in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 661 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Ultra Clean in the 2nd quarter valued at $41,000. Finally, nVerses Capital LLC purchased a new stake in Ultra Clean during the second quarter worth $64,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Insider Transactions at Ultra Clean

In other news, insider Jeffrey L. Mckibben sold 3,422 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the sale, the insider now owns 18,805 shares in the company, valued at $718,351. This trade represents a 15.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Harjinder Bajwa purchased 2,500 shares of Ultra Clean stock in a transaction dated Thursday, October 31st. The shares were purchased at an average cost of $33.33 per share, for a total transaction of $83,325.00. Following the transaction, the chief operating officer now owns 29,291 shares in the company, valued at approximately $976,269.03. This trade represents a 9.33 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 27,500 shares of company stock worth $943,275 in the last ninety days. Insiders own 2.20% of the company’s stock.

Ultra Clean Stock Performance

Shares of NASDAQ:UCTT opened at $38.43 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a 1 year low of $26.50 and a 1 year high of $56.47. The firm has a market capitalization of $1.73 billion, a PE ratio of 467.68 and a beta of 2.08. The business’s 50 day moving average price is $36.92 and its 200-day moving average price is $41.17.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $540.40 million during the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. As a group, equities research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC decreased their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Oppenheimer started coverage on Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, TD Cowen cut their price objective on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target 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.