iSAM Funds UK Ltd Purchases Shares of 9,996 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

iSAM Funds UK Ltd acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,996 shares of the semiconductor company’s stock, valued at approximately $399,000.

A number of other institutional investors also recently modified their holdings of the company. Royce & Associates LP increased its holdings in Ultra Clean by 7.5% during the 3rd quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company’s stock valued at $36,284,000 after purchasing an additional 63,301 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Ultra Clean by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 860,798 shares of the semiconductor company’s stock valued at $42,179,000 after buying an additional 52,075 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Ultra Clean by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 647,288 shares of the semiconductor company’s stock valued at $25,846,000 after buying an additional 18,000 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Ultra Clean by 2.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 420,709 shares of the semiconductor company’s stock worth $16,799,000 after buying an additional 8,471 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Ultra Clean by 130.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after buying an additional 207,633 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Ultra Clean stock opened at $38.08 on Friday. The company has a market cap of $1.72 billion, a PE ratio of 476.06 and a beta of 2.09. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 1 year low of $27.58 and a 1 year high of $56.47. The company’s 50-day moving average is $37.15 and its two-hundred day moving average is $40.89.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The business had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. During the same period in the prior year, the business posted ($0.03) earnings per share. Ultra Clean’s revenue was up 24.2% compared to the same quarter last year. Equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Transactions at Ultra Clean

In other news, COO Harjinder Bajwa purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $33.75 per share, for a total transaction of $337,500.00. Following the transaction, the chief operating officer now directly owns 54,291 shares of the company’s stock, valued at approximately $1,832,321.25. The trade was a 22.58 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the transaction, the insider now directly owns 18,805 shares in the company, valued at $718,351. The trade was a 15.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 27,500 shares of company stock worth $943,275 in the last three months. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

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