ExodusPoint Capital Management LP Acquires New Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

ExodusPoint Capital Management LP acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 72,224 shares of the semiconductor company's stock, valued at approximately $2,596,000. ExodusPoint Capital Management LP owned approximately 0.16% of Ultra Clean as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 490 shares in the last quarter. Counterpoint Mutual Funds LLC raised its stake in Ultra Clean by 5.5% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company's stock valued at $438,000 after buying an additional 631 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Ultra Clean in the fourth quarter worth about $26,000. FCA Corp TX grew its stake in shares of Ultra Clean by 1.5% during the fourth quarter. FCA Corp TX now owns 51,997 shares of the semiconductor company's stock worth $1,869,000 after acquiring an additional 774 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Ultra Clean by 27.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,954 shares of the semiconductor company's stock valued at $142,000 after acquiring an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UCTT. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th. Oppenheimer lowered their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday.

Insider Transactions at Ultra Clean

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

Ultra Clean Stock Performance

NASDAQ:UCTT traded up $0.16 during midday trading on Friday, hitting $19.85. The company's stock had a trading volume of 473,863 shares, compared to its average volume of 421,395. Ultra Clean Holdings, Inc. has a fifty-two week low of $16.66 and a fifty-two week high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The firm has a market cap of $895.87 million, a P/E ratio of 248.16, a P/E/G ratio of 0.51 and a beta of 2.14. The firm's 50 day moving average is $27.10 and its 200-day moving average is $33.64.

Ultra Clean Company 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.