Vanguard Group Inc. increased its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,990,724 shares of the semiconductor company’s stock after purchasing an additional 293,048 shares during the period. Vanguard Group Inc. owned approximately 0.11% of Ultra Clean worth $126,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its position in Ultra Clean by 35.8% during the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock worth $555,000 after buying an additional 6,841 shares during 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 worth $4,256,000 after acquiring an additional 28,690 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ultra Clean by 5.0% in 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 acquiring an additional 1,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 acquiring an additional 13,005 shares during the period. Finally, Jane Street Group LLC raised its holdings 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 purchasing an additional 141,114 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.
Ultra Clean Stock Performance
NASDAQ UCTT opened at $82.99 on Wednesday. The business has a 50 day moving average price of $68.31 and a 200 day moving average price of $47.02. The company has a market capitalization of $3.72 billion, a P/E ratio of -19.34, a PEG ratio of 1.20 and a beta of 1.94. Ultra Clean Holdings, Inc. has a 1-year low of $18.93 and a 1-year high of $88.37. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72.
Insider Buying and Selling at Ultra Clean
In other news, SVP Jamie J. Palfrey sold 8,691 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total value of $692,846.52. Following the sale, the senior vice president directly owned 16,446 shares in the company, valued at $1,311,075.12. This represents a 34.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Paul Yoonku Cho sold 2,000 shares of Ultra Clean stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $86.89, for a total value of $173,780.00. Following the transaction, the general counsel owned 15,844 shares of the company’s stock, valued at $1,376,685.16. This represents a 11.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 36,572 shares of company stock valued at $2,828,154. Insiders own 1.90% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Oppenheimer lifted their price objective on Ultra Clean from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Needham & Company LLC raised their price target on Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. UBS Group initiated coverage on Ultra Clean in a research note on Tuesday, May 5th. They issued a “buy” rating and a $130.00 price target on the stock. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, TD Cowen boosted their target price on shares of Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.40.
Check Out Our Latest Stock Analysis on Ultra Clean
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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