First Eagle Investment Management LLC Has $14.41 Million Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

First Eagle Investment Management LLC increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 7.3% during the 4th quarter, HoldingsChannel reports. The fund owned 400,939 shares of the semiconductor company’s stock after purchasing an additional 27,300 shares during the quarter. First Eagle Investment Management LLC’s holdings in Ultra Clean were worth $14,414,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in UCTT. Aigen Investment Management LP acquired a new position in Ultra Clean in the third quarter valued at about $229,000. Victory Capital Management Inc. lifted its stake in Ultra Clean by 6.8% in the third quarter. Victory Capital Management Inc. now owns 57,825 shares of the semiconductor company’s stock valued at $2,309,000 after buying an additional 3,681 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in Ultra Clean in the third quarter valued at about $527,000. Royce & Associates LP lifted its stake in Ultra Clean by 7.5% in the third quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company’s stock valued at $36,284,000 after buying an additional 63,301 shares during the period. Finally, Quest Partners LLC lifted its stake in Ultra Clean by 4,602.7% in the third quarter. Quest Partners LLC now owns 6,866 shares of the semiconductor company’s stock valued at $274,000 after buying an additional 6,720 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Stock Up 3.1 %

UCTT stock opened at $25.25 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The business has a 50 day moving average price of $34.09 and a two-hundred day moving average price of $35.73. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 315.66, a P/E/G ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a twelve month low of $22.40 and a twelve month high of $56.47.

Insider Activity

In other news, Director Ernest E. Maddock purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $24.29 per share, with a total value of $242,900.00. Following the acquisition, the director now owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bill Bentinck purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $25.17 per share, with a total value of $75,510.00. Following the completion of the acquisition, the insider now owns 60,695 shares in the company, valued at $1,527,693.15. The trade was a 5.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th.

About Ultra Clean

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.