Dynamic Technology Lab Private Ltd Makes New Investment in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Dynamic Technology Lab Private Ltd bought a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,855 shares of the semiconductor company's stock, valued at approximately $833,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 213 shares during the period. Signaturefd LLC raised its holdings in Ultra Clean by 465.5% in the third 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 period. CWM LLC lifted its position in Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company's stock valued at $39,000 after buying an additional 253 shares in the last quarter. Innealta Capital LLC purchased a new stake in Ultra Clean during the second quarter worth approximately $41,000. Finally, nVerses Capital LLC acquired a new stake in shares of Ultra Clean in the second quarter worth $64,000. Institutional investors and hedge funds own 96.06% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Ultra Clean

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

Ultra Clean Stock Down 0.2 %

Ultra Clean stock traded down $0.08 during midday trading on Thursday, hitting $37.41. 365,419 shares of the stock were exchanged, compared to its average volume of 372,969. 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 company has a 50 day moving average price of $36.87 and a two-hundred day moving average price of $41.20. The firm has a market cap of $1.69 billion, a P/E ratio of 467.68 and a beta of 2.08. Ultra Clean Holdings, Inc. has a 1 year low of $26.44 and a 1 year high of $56.47.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The business had revenue of $540.40 million for the quarter, compared to analysts' expectations of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

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.