Quantbot Technologies LP Purchases 37,676 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Quantbot Technologies LP grew its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 1,783.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,788 shares of the semiconductor company's stock after buying an additional 37,676 shares during the period. Quantbot Technologies LP owned 0.09% of Ultra Clean worth $1,589,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UCTT. Price T Rowe Associates Inc. MD raised its position in shares of Ultra Clean by 39.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,322 shares of the semiconductor company's stock worth $1,348,000 after acquiring an additional 8,265 shares in the last quarter. Comerica Bank boosted its holdings in shares of Ultra Clean by 512.5% during the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company's stock valued at $6,169,000 after buying an additional 112,366 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company's stock worth $30,000 after buying an additional 213 shares during the period. Harbor Capital Advisors Inc. lifted its position in Ultra Clean by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 159,579 shares of the semiconductor company's stock valued at $7,819,000 after acquiring an additional 118,390 shares during the period. Finally, CWM LLC boosted its stake in Ultra Clean by 46.3% during the second quarter. CWM LLC now owns 800 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 253 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Insider Transactions at Ultra Clean

In other news, COO Harjinder Bajwa acquired 15,000 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was purchased at an average price of $34.83 per share, for a total transaction of $522,450.00. Following the completion of the transaction, the chief operating officer now directly owns 44,291 shares in the company, valued at approximately $1,542,655.53. This trade represents a 51.21 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at $718,351. This represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 27,500 shares of company stock valued at $943,275 over the last 90 days. Company insiders own 2.20% of the company's stock.

Ultra Clean Stock Performance

Shares of Ultra Clean stock traded up $1.02 on Friday, hitting $38.43. 221,670 shares of the company's stock were exchanged, compared to its average volume of 372,315. 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 stock has a market capitalization of $1.73 billion, a PE ratio of 480.38 and a beta of 2.08. Ultra Clean Holdings, Inc. has a 1 year low of $26.50 and a 1 year high of $56.47. The company has a 50-day simple moving average of $37.00 and a 200-day simple moving average of $41.13.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm had revenue of $540.40 million for the quarter, compared to analysts' expectations of $515.88 million. During the same period in the previous year, the firm earned ($0.03) EPS. The business's quarterly revenue was up 24.2% on a year-over-year basis. As a group, equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on UCTT shares. Oppenheimer began 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. TD Cowen dropped their target price on shares of Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a research note on Tuesday, October 29th. Finally, Needham & Company LLC reduced their price target on shares of Ultra Clean from $50.00 to $44.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $57.75.

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.