9,900 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,900 shares of the semiconductor company’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after buying an additional 490 shares during the period. Counterpoint Mutual Funds LLC grew its holdings in Ultra Clean by 5.5% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company’s stock worth $438,000 after acquiring an additional 631 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ultra Clean in the third quarter valued at about $32,000. PNC Financial Services Group Inc. raised its stake in shares of Ultra Clean by 27.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,954 shares of the semiconductor company’s stock valued at $142,000 after acquiring an additional 853 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 854 shares during the period. Institutional investors own 96.06% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Ultra Clean

In other news, insider Bill Bentinck bought 3,000 shares of Ultra Clean stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the acquisition, the insider now owns 60,695 shares of the company’s stock, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ernest E. Maddock bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost 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 approximately $267,190. This 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.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $18.28 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average of $29.33 and a 200 day moving average of $34.38. The firm has a market capitalization of $825.01 million, a price-to-earnings ratio of 228.53, a PEG ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $56.47.

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.