15,437 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Acquired by Pitcairn Co.

Pitcairn Co. purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,437 shares of the semiconductor company's stock, valued at approximately $555,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ExodusPoint Capital Management LP purchased a new position in Ultra Clean in the fourth quarter worth $2,596,000. Trexquant Investment LP lifted its stake in Ultra Clean by 639.8% during the fourth quarter. Trexquant Investment LP now owns 116,818 shares of the semiconductor company's stock worth $4,200,000 after purchasing an additional 101,028 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Ultra Clean in the 4th quarter worth about $26,000. Alliancebernstein L.P. increased its position in shares of Ultra Clean by 5.8% during the 4th quarter. Alliancebernstein L.P. now owns 59,815 shares of the semiconductor company's stock valued at $2,150,000 after purchasing an additional 3,277 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of Ultra Clean by 384.8% during the 4th quarter. Meeder Asset Management Inc. now owns 16,804 shares of the semiconductor company's stock valued at $604,000 after buying an additional 13,338 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th. Oppenheimer lowered their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a report on Friday.

Ultra Clean Trading Up 0.8 %

UCTT traded up $0.16 on Friday, hitting $19.85. 473,863 shares of the company were exchanged, compared to its average volume of 421,395. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The firm has a fifty day simple moving average of $27.10 and a two-hundred day simple moving average of $33.64. The stock has a market capitalization of $895.87 million, a PE ratio of 248.16, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 12 month low of $16.66 and a 12 month high of $56.47.

Insider Activity

In other news, insider Bill Bentinck acquired 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, the insider now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ernest E. Maddock acquired 10,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $24.29 per share, with a total value of $242,900.00. Following the completion of the purchase, the director now owns 11,000 shares of the company's stock, valued at approximately $267,190. The trade was a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. 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.