Fourier Capital Management Ltd acquired a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 12,956 shares of the semiconductor company’s stock, valued at approximately $1,847,000. Ultra Clean accounts for 2.9% of Fourier Capital Management Ltd’s investment portfolio, making the stock its 9th largest holding.
Several other large investors have also recently bought and sold shares of UCTT. Maverick Capital Ltd. acquired a new position in shares of Ultra Clean in the 1st quarter valued at $1,263,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Ultra Clean during the 4th quarter worth $564,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Ultra Clean during the 1st quarter worth $710,000. Lombard Odier Asset Management Europe Ltd bought a new position in Ultra Clean during the first quarter worth about $3,197,000. Finally, Castleark Management LLC bought a new position in Ultra Clean during the first quarter worth about $6,226,000. Institutional investors own 96.06% of the company’s stock.
Ultra Clean Trading Up 4.7%
Shares of NASDAQ:UCTT opened at $76.43 on Friday. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of -146.98, a PEG ratio of 0.78 and a beta of 1.88. Ultra Clean Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $144.22. The company’s fifty day simple moving average is $98.44 and its 200 day simple moving average is $80.09. The company has a quick ratio of 1.25, a current ratio of 2.73 and a debt-to-equity ratio of 0.84.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. UBS Group reaffirmed a “buy” rating on shares of Ultra Clean in a research report on Tuesday, August 4th. TD Cowen lifted their price objective on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Oppenheimer boosted their price objective on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC increased their target price on Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.00.
View Our Latest Research Report on UCTT
Insider Activity
In other news, Director Emily M. Liggett sold 8,198 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total transaction of $755,691.64. Following the completion of the transaction, the director directly owned 38,152 shares of the company’s stock, valued at $3,516,851.36. This represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Sheri Savage sold 15,766 shares of the company’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $89.47, for a total value of $1,410,584.02. Following the transaction, the chief financial officer directly owned 50,710 shares of the company’s stock, valued at $4,537,023.70. This represents a 23.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 39,329 shares of company stock worth $3,540,599 over the last three months. Corporate insiders own 1.80% of the company’s stock.
About Ultra Clean
Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.
Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.
Further Reading
- Five stocks we like better than Ultra Clean
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report).
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.
