Boston Partners Grows Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Boston Partners increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 227.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,035,214 shares of the semiconductor company’s stock after buying an additional 718,717 shares during the period. Boston Partners’ holdings in Ultra Clean were worth $37,625,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of Ultra Clean by 132.6% during the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock worth $1,302,000 after buying an additional 20,650 shares during the period. Smartleaf Asset Management LLC increased its stake in Ultra Clean by 694.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 854 shares during the last quarter. Principal Financial Group Inc. increased its stake in Ultra Clean by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock valued at $7,903,000 after purchasing an additional 6,546 shares during the last quarter. Barclays PLC increased its stake in Ultra Clean by 395.1% in the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock valued at $3,337,000 after purchasing an additional 66,695 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Ultra Clean by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock valued at $20,209,000 after purchasing an additional 110,403 shares during the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Stock Performance

Shares of UCTT opened at $25.19 on Thursday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.14 billion, a PE ratio of 314.91, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. The company’s 50 day simple moving average is $33.01 and its 200-day simple moving average is $35.38. Ultra Clean Holdings, Inc. has a 12-month low of $22.40 and a 12-month high of $56.47.

Insider Transactions at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck bought 3,000 shares of the stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, the insider now owns 60,695 shares in the company, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ernest E. Maddock purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $24.29 per share, with a total value of $242,900.00. Following the completion of the acquisition, the director now owns 11,000 shares of the company’s stock, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. 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 reiterated a “buy” rating and issued a $40.00 price target on shares of Ultra Clean in a research note on Thursday, March 6th.

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.