Goodman Financial Corp Invests $13.90 Million in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Goodman Financial Corp purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 386,651 shares of the semiconductor company's stock, valued at approximately $13,900,000. Ultra Clean comprises approximately 3.0% of Goodman Financial Corp's portfolio, making the stock its 15th biggest holding. Goodman Financial Corp owned approximately 0.86% of Ultra Clean as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of Ultra Clean by 107.0% during 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. Counterpoint Mutual Funds LLC lifted its stake in Ultra Clean by 5.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company's stock worth $438,000 after purchasing an additional 631 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ultra Clean during the third quarter worth $32,000. PNC Financial Services Group Inc. grew its stake in shares of Ultra Clean by 27.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,954 shares of the semiconductor company's stock valued at $142,000 after buying an additional 853 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of 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 buying an additional 854 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Ernest E. Maddock bought 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price 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 $267,190. The trade was a 1,000.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bill Bentinck purchased 3,000 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the purchase, the insider now directly owns 60,695 shares of the company's stock, valued at $1,527,693.15. The trade was a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

Ultra Clean Stock Down 1.4 %

UCTT stock traded down $0.34 during midday trading on Tuesday, hitting $24.51. The company's stock had a trading volume of 435,211 shares, compared to its average volume of 390,155. The firm has a 50-day simple moving average of $32.24 and a 200-day simple moving average of $35.15. The firm has a market capitalization of $1.11 billion, a P/E ratio of 306.41, a PEG 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.

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.