First Eagle Investment Management LLC Purchases 27,300 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

First Eagle Investment Management LLC lifted its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 7.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 400,939 shares of the semiconductor company's stock after acquiring an additional 27,300 shares during the quarter. First Eagle Investment Management LLC owned approximately 0.89% of Ultra Clean worth $14,414,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Ultra Clean in the 3rd quarter worth about $32,000. Nisa Investment Advisors LLC boosted its stake in Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 490 shares during the period. Smartleaf Asset Management LLC boosted its stake in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 854 shares during the period. Quarry LP raised its holdings in shares of Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 989 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Ultra Clean by 139.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after acquiring an additional 1,386 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 price target on shares of Ultra Clean in a report on Thursday, March 6th.

Insiders Place Their Bets

In related news, Director Ernest E. Maddock purchased 10,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $24.29 per share, with a total value of $242,900.00. Following the purchase, the director now directly 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bill Bentinck purchased 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the purchase, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. This trade represents a 5.20 % 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.

Ultra Clean Price Performance

Shares of NASDAQ UCTT traded up $0.75 during trading hours on Friday, reaching $25.25. 442,327 shares of the stock traded hands, compared to its average volume of 385,722. The company has a market capitalization of $1.14 billion, a P/E ratio of 315.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 52-week low of $22.40 and a 52-week high of $56.47. The company's 50-day simple moving average is $33.84 and its two-hundred day simple moving average is $35.62.

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.