Trexquant Investment LP Has $4.20 Million Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Trexquant Investment LP increased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 639.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,818 shares of the semiconductor company's stock after acquiring an additional 101,028 shares during the quarter. Trexquant Investment LP owned about 0.26% of Ultra Clean worth $4,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Partners increased its stake in shares of Ultra Clean by 227.1% in the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock worth $37,625,000 after purchasing an additional 718,717 shares during the period. Goodman Financial Corp bought a new position in Ultra Clean in the 4th quarter worth approximately $13,900,000. Vanguard Group Inc. lifted its holdings in shares of Ultra Clean by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock worth $173,826,000 after buying an additional 129,616 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Ultra Clean during the fourth quarter worth approximately $3,988,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Ultra Clean by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock valued at $20,209,000 after acquiring an additional 110,403 shares during the period. Institutional investors and hedge funds own 96.06% of the company's stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 target price on shares of Ultra Clean in a research report on Thursday, March 6th.

Insider Transactions at Ultra Clean

In related news, insider Bill Bentinck acquired 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $25.17 per share, with a total value of $75,510.00. Following the completion of the acquisition, the insider now owns 60,695 shares of the company's stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ernest E. Maddock bought 10,000 shares of the business'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 directly owns 11,000 shares in the company, valued at $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

Ultra Clean Stock Performance

Shares of UCTT traded down $2.46 on Thursday, reaching $19.36. 144,397 shares of the stock traded hands, compared to its average volume of 417,608. The stock's 50-day moving average price is $27.77 and its 200-day moving average price is $33.87. 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 firm has a market cap of $873.67 million, a price-to-earnings ratio of 243.51, a P/E/G 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.

Ultra Clean Company 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.