Algert Global LLC Boosts Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Algert Global LLC lifted its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 424.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,064 shares of the semiconductor company’s stock after buying an additional 68,830 shares during the quarter. Algert Global LLC owned approximately 0.19% of Ultra Clean worth $3,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased 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 purchasing an additional 213 shares during the last quarter. Signaturefd LLC lifted its holdings in Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after buying an additional 661 shares during the last quarter. CWM LLC grew its position in shares of Ultra Clean by 46.3% in the 2nd 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. Innealta Capital LLC bought a new stake in shares of Ultra Clean in the 2nd quarter valued at approximately $41,000. Finally, nVerses Capital LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter valued at approximately $64,000. 96.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Jeffrey L. Mckibben sold 3,422 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total value of $130,720.40. Following the sale, the insider now owns 18,805 shares of the company’s stock, valued at approximately $718,351. The trade was a 15.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Harjinder Bajwa acquired 2,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was purchased at an average price of $33.33 per share, with a total value of $83,325.00. Following the acquisition, the chief operating officer now owns 29,291 shares of the company’s stock, valued at approximately $976,269.03. This trade represents a 9.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 27,500 shares of company stock worth $943,275. 2.20% of the stock is owned by company insiders.

Ultra Clean Stock Up 3.1 %

Ultra Clean stock opened at $38.45 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a one year low of $26.25 and a one year high of $56.47. The company has a 50-day simple moving average of $36.63 and a 200-day simple moving average of $41.31. The firm has a market capitalization of $1.73 billion, a P/E ratio of 480.69 and a beta of 2.08.

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

Analysts Set New Price Targets

UCTT has been the subject of a number of research reports. TD Cowen decreased their price objective on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Oppenheimer began coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price objective for the company. Finally, Needham & Company LLC dropped their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $57.75.

About Ultra Clean

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.