Swiss National Bank Boosts Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Swiss National Bank increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,600 shares of the semiconductor company’s stock after buying an additional 900 shares during the period. Swiss National Bank owned 0.20% of Ultra Clean worth $3,185,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UCTT. Quest Partners LLC raised its stake in shares of Ultra Clean by 4,602.7% during the 3rd quarter. Quest Partners LLC now owns 6,866 shares of the semiconductor company’s stock worth $274,000 after buying an additional 6,720 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Ultra Clean by 74.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,978 shares of the semiconductor company’s stock worth $319,000 after acquiring an additional 3,394 shares during the period. Intech Investment Management LLC purchased a new position in Ultra Clean during the third quarter valued at $550,000. Charles Schwab Investment Management Inc. grew its position 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 purchasing an additional 18,000 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Ultra Clean by 5.4% during the third quarter. Fisher Asset Management LLC now owns 158,410 shares of the semiconductor company’s stock worth $6,325,000 after purchasing an additional 8,065 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Insiders Place Their Bets

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

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $23.60 on Thursday. Ultra Clean Holdings, Inc. has a twelve month low of $22.40 and a twelve month high of $56.47. The company has a market cap of $1.07 billion, a P/E ratio of 295.04, a P/E/G ratio of 0.51 and a beta of 2.20. 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’s 50-day moving average price is $31.73 and its 200-day moving average price is $35.01.

Analyst Ratings Changes

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

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.