9,996 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 9,996 shares of the semiconductor company’s stock, valued at approximately $399,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ultra Clean in the 3rd quarter valued at approximately $32,000. CWM LLC increased its holdings in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after buying an additional 253 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Ultra Clean in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Trading Up 1.4 %

Shares of UCTT stock opened at $38.08 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 476.06 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1 year low of $27.58 and a 1 year high of $56.47. The firm’s fifty day simple moving average is $37.15 and its 200 day simple moving average is $40.89. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. During the same period last year, the business posted ($0.03) EPS. The business’s quarterly revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Insider Transactions at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $33.33 per share, with a total value of $83,325.00. Following the completion of the transaction, the chief operating officer now directly owns 29,291 shares of the company’s stock, valued at approximately $976,269.03. This trade represents a 9.33 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the transaction, the insider now owns 18,805 shares of the company’s stock, valued at approximately $718,351. This represents a 15.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 27,500 shares of company stock valued at $943,275. 2.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

UCTT has been the subject of several recent research reports. Needham & Company LLC decreased their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Oppenheimer began coverage on shares of Ultra Clean in a report on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, TD Cowen decreased their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $57.75.

Ultra Clean Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.