Paradigm Capital Management Inc. NY bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 608,200 shares of the semiconductor company’s stock, valued at approximately $86,723,000. Ultra Clean comprises 2.4% of Paradigm Capital Management Inc. NY’s investment portfolio, making the stock its 12th largest position.
Several other large investors also recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its holdings in shares of Ultra Clean by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 284 shares during the period. Danske Bank A S lifted its holdings in shares of Ultra Clean by 450.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 900 shares during the period. Kilter Group LLC bought a new position in shares of Ultra Clean in the 2nd quarter valued at $30,000. AdvisorNet Financial Inc acquired a new position in Ultra Clean during the first quarter worth about $34,000. Finally, Smartleaf Asset Management LLC boosted its position in Ultra Clean by 472.9% in the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 1,414 shares in the last quarter. 96.06% of the stock is owned by institutional investors.
Ultra Clean Trading Down 4.8%
NASDAQ:UCTT opened at $72.78 on Tuesday. Ultra Clean Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $144.22. The stock’s fifty day moving average price is $97.62 and its two-hundred day moving average price is $80.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.25. The company has a market cap of $3.26 billion, a P/E ratio of -139.96, a P/E/G ratio of 0.82 and a beta of 1.88.
Insiders Place Their Bets
In other Ultra Clean news, Director Emily M. Liggett sold 8,198 shares of the firm’s 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 sale, the director owned 38,152 shares of the company’s stock, valued at $3,516,851.36. This trade represents a 17.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Paul Yoonku Cho sold 944 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 in the company, valued at $2,050,237.17. The trade was a 3.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,329 shares of company stock worth $3,540,599 in the last ninety days. 1.80% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Zacks Research raised shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Oppenheimer boosted their price target 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. TD Cowen raised their price objective on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, UBS Group reaffirmed a “buy” rating on shares of Ultra Clean in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $129.00.
View 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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