Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock Position Lifted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 694.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 977 shares of the semiconductor company’s stock after purchasing an additional 854 shares during the period. Smartleaf Asset Management LLC’s holdings in Ultra Clean were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean during the third quarter worth $32,000. Stoneridge Investment Partners LLC raised its position in shares of Ultra Clean by 18.4% during the fourth quarter. Stoneridge Investment Partners LLC now owns 6,278 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 975 shares during the period. Quarry LP raised its position in shares of Ultra Clean by 447.5% during the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 989 shares during the period. Finally, KBC Group NV raised its position in shares of Ultra Clean by 76.3% during the fourth quarter. KBC Group NV now owns 2,561 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 1,108 shares during the period. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ultra Clean Stock Performance

Shares of UCTT stock opened at $24.58 on Thursday. Ultra Clean Holdings, Inc. has a 1-year low of $22.40 and a 1-year high of $56.47. 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 company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 307.29, a P/E/G ratio of 0.51 and a beta of 2.20. The stock’s fifty day simple moving average is $34.56 and its 200-day simple moving average is $35.89.

Insider Buying and Selling at Ultra Clean

In other news, insider Bill Bentinck purchased 3,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the acquisition, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ernest E. Maddock acquired 10,000 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the purchase, the director now owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

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.