Insight Wealth Strategies LLC acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 47,463 shares of the semiconductor company’s stock, valued at approximately $6,768,000.
A number of other large investors have also made changes to their positions in UCTT. Royal Bank of Canada raised its stake in Ultra Clean by 35.8% in the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 6,841 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Ultra Clean by 16.9% during the 1st quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock worth $4,256,000 after purchasing an additional 28,690 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ultra Clean by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock worth $566,000 after purchasing an additional 1,257 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Ultra Clean by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock worth $1,822,000 after buying an additional 13,005 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Ultra Clean by 1,987.5% during the first quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock worth $3,173,000 after acquiring an additional 141,114 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
Ultra Clean Stock Up 4.6%
Shares of NASDAQ UCTT opened at $86.07 on Wednesday. The stock has a market capitalization of $3.86 billion, a PE ratio of -165.52, a P/E/G ratio of 0.88 and a beta of 1.88. The company has a quick ratio of 1.25, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $100.16 and a 200-day moving average of $78.19. Ultra Clean Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $144.22.
Insider Transactions at Ultra Clean
In other news, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total value of $755,691.64. Following the transaction, the director directly owned 38,152 shares of the company’s stock, valued at $3,516,851.36. The trade was a 17.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Paul Yoonku Cho sold 944 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total value of $84,365.28. Following the sale, the general counsel owned 22,941 shares of the company’s stock, valued at $2,050,237.17. The trade was a 3.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,534 shares of company stock valued at $3,906,434. Insiders own 1.80% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on UCTT shares. Weiss Ratings cut Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday. UBS Group reiterated a “buy” rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday. Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Oppenheimer upped their price objective on shares of Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Ultra Clean presently has an average rating of “Moderate Buy” and an average target price of $129.00.
Read Our Latest Stock Report on UCTT
Ultra Clean 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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