JPMorgan Chase & Co. Purchases 110,403 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

JPMorgan Chase & Co. boosted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 27.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 506,107 shares of the semiconductor company's stock after buying an additional 110,403 shares during the period. JPMorgan Chase & Co. owned 1.12% of Ultra Clean worth $20,209,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Signaturefd LLC lifted its holdings in shares of 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ultra Clean in the 3rd quarter valued at about $32,000. GAMMA Investing LLC lifted its holdings in Ultra Clean by 92.4% in 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 last quarter. Quarry LP boosted its position in shares of Ultra Clean by 447.5% during the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 989 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Ultra Clean by 204.3% in the 3rd quarter. CWM LLC now owns 2,434 shares of the semiconductor company's stock worth $97,000 after purchasing an additional 1,634 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on UCTT shares. TD Cowen dropped their price target 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. Needham & Company LLC cut their price target on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating on the stock in a report on Tuesday, October 29th. Finally, Oppenheimer initiated coverage on shares of Ultra Clean in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 price objective for the company.

Ultra Clean Stock Down 4.2 %

Shares of UCTT traded down $1.63 during trading hours on Friday, reaching $37.15. The company's stock had a trading volume of 367,292 shares, compared to its average volume of 296,532. 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 firm has a market cap of $1.67 billion, a price-to-earnings ratio of 464.43 and a beta of 2.10. The company has a 50 day moving average of $36.99 and a two-hundred day moving average of $39.28. Ultra Clean Holdings, Inc. has a 1-year low of $31.95 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 analysts' consensus estimates of $0.33 by $0.02. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company had revenue of $540.40 million during the quarter, compared to the consensus estimate of $515.88 million. During the same quarter in the prior year, the firm earned ($0.03) EPS. The company's revenue was up 24.2% compared to the same quarter last year. As a group, research analysts predict that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.