WINTON GROUP Ltd acquired a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 28,122 shares of the semiconductor company’s stock, valued at approximately $766,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in UCTT. Royal Bank of Canada raised its position in shares of Ultra Clean by 35.8% in the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 6,841 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Ultra Clean by 16.9% in the 1st quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock valued at $4,256,000 after purchasing an additional 28,690 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Ultra Clean by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock valued at $566,000 after purchasing an additional 1,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 valued at $1,822,000 after purchasing an additional 13,005 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Ultra Clean by 1,987.5% in the first quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock worth $3,173,000 after purchasing an additional 141,114 shares during the period. Hedge funds and other institutional investors own 96.06% of the company’s stock.
Ultra Clean Stock Up 1.2%
Shares of NASDAQ UCTT traded up $0.68 during trading on Friday, reaching $56.74. The company had a trading volume of 118,387 shares, compared to its average volume of 1,517,486. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $73.80. The company has a quick ratio of 1.89, a current ratio of 3.19 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average is $48.97 and its 200 day moving average is $34.16. The stock has a market cap of $2.58 billion, a PE ratio of -14.21, a P/E/G ratio of 1.04 and a beta of 1.93.
Analyst Ratings Changes
Several equities analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Ultra Clean in a research report on Monday, December 29th. Needham & Company LLC upped their target price on shares of Ultra Clean from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. TD Cowen increased their price target on shares of Ultra Clean from $35.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Oppenheimer lifted their price target on shares of Ultra Clean from $35.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Finally, Craig Hallum reissued a “buy” rating and set a $100.00 price objective on shares of Ultra Clean in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.25.
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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