Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 171.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,459 shares of the semiconductor company's stock after acquiring an additional 62,134 shares during the quarter. Jane Street Group LLC owned approximately 0.22% of Ultra Clean worth $3,931,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its stake in shares of Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 253 shares during the period. Truist Financial Corp boosted its stake in shares of Ultra Clean by 4.6% during the 2nd quarter. Truist Financial Corp now owns 7,080 shares of the semiconductor company's stock worth $347,000 after acquiring an additional 310 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Ultra Clean by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company's stock valued at $1,107,000 after acquiring an additional 400 shares during the period. GAMMA Investing LLC grew its position in shares of Ultra Clean by 92.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 575 shares during the period. Finally, Signaturefd LLC increased its stake in shares of Ultra Clean by 465.5% in the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 661 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, COO Harjinder Bajwa purchased 15,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The shares were purchased at an average price of $34.83 per share, for a total transaction of $522,450.00. Following the completion of the purchase, the chief operating officer now owns 44,291 shares in the company, valued at approximately $1,542,655.53. This represents a 51.21 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the sale, the insider now directly owns 18,805 shares of the company's stock, valued at approximately $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased a total of 27,500 shares of company stock worth $943,275 over the last quarter. Insiders own 2.20% of the company's stock.

Ultra Clean Price Performance

UCTT stock traded down $1.47 during trading on Thursday, reaching $34.96. The company's stock had a trading volume of 401,564 shares, compared to its average volume of 369,693. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company's fifty day moving average is $36.88 and its 200-day moving average is $40.43. The company has a market capitalization of $1.58 billion, a P/E ratio of 437.05 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1 year low of $31.01 and a 1 year high of $56.47.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $540.40 million during 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 firm's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) earnings per share. On average, research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

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.