Lombard Odier Asset Management Europe Ltd purchased a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,851 shares of the semiconductor company’s stock, valued at approximately $1,832,000.
A number of other large investors have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its stake in Ultra Clean by 37.3% in the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 196 shares during the period. Kilter Group LLC acquired a new stake in shares of Ultra Clean during the second quarter worth about $30,000. Quadrant Capital Group LLC boosted its stake 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 buying an additional 284 shares during the period. ProShare Advisors LLC grew its holdings in shares of Ultra Clean by 2.7% during the fourth quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock worth $342,000 after buying an additional 350 shares during the last quarter. Finally, Swiss National Bank grew its holdings in shares of Ultra Clean by 0.4% during the first quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock worth $5,584,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
Ultra Clean Stock Down 7.1%
UCTT stock opened at $69.48 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $94.17 and its 200 day moving average price is $81.04. Ultra Clean Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $144.22. The company has a market cap of $3.11 billion, a P/E ratio of -133.62, a P/E/G ratio of 0.80 and a beta of 1.88.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. TD Cowen upped 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. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings lowered shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Zacks Research raised shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Finally, Needham & Company LLC upped their price objective on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.00.
Read Our Latest Stock Report on Ultra Clean
Insider Buying and Selling at Ultra Clean
In other Ultra Clean news, CFO Sheri Savage sold 15,766 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $89.47, for a total transaction of $1,410,584.02. Following the sale, the chief financial officer directly owned 50,710 shares in the company, valued at approximately $4,537,023.70. The trade was a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Paul Yoonku Cho sold 944 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $89.37, for a total value of $84,365.28. Following the completion of the sale, the general counsel directly owned 22,941 shares in the company, valued at $2,050,237.17. This trade represents a 3.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 31,131 shares of company stock valued at $2,784,908. 1.80% of the stock is currently owned by insiders.
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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