Renaissance Technologies LLC Lowers Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Renaissance Technologies LLC lessened its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 17.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 162,489 shares of the semiconductor company's stock after selling 35,400 shares during the period. Renaissance Technologies LLC owned approximately 0.36% of Ultra Clean worth $5,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UCTT. New York State Common Retirement Fund lifted its position in Ultra Clean by 132.6% in the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company's stock valued at $1,302,000 after purchasing an additional 20,650 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Ultra Clean by 694.3% in the 4th 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Ultra Clean by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company's stock valued at $7,903,000 after buying an additional 6,546 shares during the period. Barclays PLC boosted its stake in shares of Ultra Clean by 395.1% in the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock valued at $3,337,000 after buying an additional 66,695 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Ultra Clean by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock worth $20,209,000 after acquiring an additional 110,403 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

Insiders Place Their Bets

In related news, insider Bill Bentinck acquired 3,000 shares of Ultra Clean stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ernest E. Maddock acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now owns 11,000 shares in the company, valued at $267,190. This represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on UCTT shares. Needham & Company LLC restated a "buy" rating and set a $40.00 target price on shares of Ultra Clean in a research report on Thursday, March 6th. Oppenheimer reduced their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a research note on Friday, April 11th.

Ultra Clean Price Performance

UCTT traded up $0.96 during trading on Thursday, reaching $21.66. 116,744 shares of the stock were exchanged, compared to its average volume of 517,781. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The company has a market capitalization of $977.38 million, a price-to-earnings ratio of 271.22, a P/E/G ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $56.47. The business's 50 day moving average price is $24.11 and its two-hundred day moving average price is $32.56.

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.