Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,047,719 shares of the semiconductor company’s stock after acquiring an additional 10,501 shares during the period. Geode Capital Management LLC owned approximately 2.33% of Ultra Clean worth $41,843,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Truist Financial Corp raised its position in Ultra Clean by 4.6% during the second quarter. Truist Financial Corp now owns 7,080 shares of the semiconductor company’s stock valued at $347,000 after acquiring an additional 310 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Ultra Clean by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock valued at $1,107,000 after purchasing an additional 400 shares during the period. GAMMA Investing LLC lifted its stake in shares of Ultra Clean by 92.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 575 shares during the period. Signaturefd LLC boosted its holdings in Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after buying an additional 661 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ultra Clean during the third quarter valued at $32,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ultra Clean

In other news, COO Harjinder Bajwa purchased 2,500 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now owns 29,291 shares in the company, valued at approximately $976,269.03. The trade was a 9.33 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the firm’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 transaction, the insider now owns 18,805 shares in the company, valued at approximately $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 27,500 shares of company stock worth $943,275 in the last 90 days. 2.20% of the stock is owned by company insiders.

Ultra Clean Price Performance

Ultra Clean stock opened at $36.49 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.64 billion, a P/E ratio of 456.18 and a beta of 2.09. The company has a 50-day moving average price of $36.61 and a 200 day moving average price of $40.10. Ultra Clean Holdings, Inc. has a 12-month low of $31.01 and a 12-month high of $56.47.

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

Analyst Ratings Changes

Several research firms have recently issued reports on UCTT. Needham & Company LLC lowered their target price 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. TD Cowen reduced their target price 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 shares of Ultra Clean in a research note on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ultra Clean currently has an average rating of “Buy” and an average 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.