WINTON GROUP Ltd lifted its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 211.2% during the fourth quarter, HoldingsChannel reports. The firm owned 87,510 shares of the semiconductor company’s stock after acquiring an additional 59,388 shares during the quarter. WINTON GROUP Ltd’s holdings in Ultra Clean were worth $2,217,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. ProShare Advisors LLC raised its stake in shares of Ultra Clean by 2.7% during the 4th quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 350 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Ultra Clean by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 25,093 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 400 shares in the last quarter. Pitcairn Co. raised its stake in shares of Ultra Clean by 3.3% during the 2nd quarter. Pitcairn Co. now owns 16,396 shares of the semiconductor company’s stock worth $370,000 after purchasing an additional 523 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Ultra Clean by 148.9% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 554 shares in the last quarter. Finally, State of Wyoming raised its stake in shares of Ultra Clean by 45.7% during the 4th quarter. State of Wyoming now owns 1,825 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 572 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.
Ultra Clean Price Performance
UCTT stock opened at $82.07 on Monday. The company has a current ratio of 3.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $3.68 billion, a PE ratio of -19.13, a PEG ratio of 1.15 and a beta of 1.94. Ultra Clean Holdings, Inc. has a 1-year low of $19.51 and a 1-year high of $94.95. The business’s 50 day simple moving average is $78.00 and its 200 day simple moving average is $54.41.
Insider Transactions at Ultra Clean
In other Ultra Clean news, insider Jeffrey L. Mckibben sold 4,205 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.00, for a total value of $365,835.00. Following the transaction, the insider directly owned 11,349 shares of the company’s stock, valued at $987,363. This represents a 27.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Paul Yoonku Cho sold 2,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $86.89, for a total value of $173,780.00. Following the completion of the transaction, the general counsel directly owned 15,844 shares in the company, valued at approximately $1,376,685.16. This represents a 11.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 49,919 shares of company stock worth $4,034,046. 1.80% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on UCTT. Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Needham & Company LLC boosted their target price on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Craig Hallum reissued a “buy” rating and set a $100.00 target price on shares of Ultra Clean in a report on Tuesday, February 24th. TD Cowen boosted their target price on Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Oppenheimer boosted their target price on Ultra Clean from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $104.40.
Get Our Latest Stock Report on UCTT
Ultra Clean Company Profile
Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.
Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.
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