Lombard Odier Asset Management Europe Ltd Takes $3.20 Million Position in Ultra Clean Holdings, Inc. $UCTT

Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 51,415 shares of the semiconductor company’s stock, valued at approximately $3,197,000.

Several other hedge funds have also modified their holdings of UCTT. EverSource Wealth Advisors LLC grew its holdings in Ultra Clean by 37.3% in the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 196 shares during the period. Quadrant Capital Group LLC raised its stake in Ultra Clean by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 284 shares during the period. ProShare Advisors LLC raised its stake in Ultra Clean by 2.7% during the fourth quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 350 shares during the period. State of Alaska Department of Revenue raised its stake in Ultra Clean by 1.6% during the fourth quarter. State of Alaska Department of Revenue now owns 25,093 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 400 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Ultra Clean by 0.4% in the 1st quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock valued at $5,584,000 after purchasing an additional 400 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ultra Clean

In related news, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total transaction of $755,691.64. Following the sale, the director owned 38,152 shares of the company’s stock, valued at $3,516,851.36. The trade was a 17.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.00, for a total transaction of $365,835.00. Following the completion of the transaction, the insider owned 11,349 shares in the company, valued at $987,363. This represents a 27.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 56,725 shares of company stock valued at $4,989,261. 1.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

UCTT has been the subject of several research reports. UBS Group initiated coverage on shares of Ultra Clean in a research note on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective for the company. Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Oppenheimer boosted their price target on Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Wall Street Zen lowered Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings downgraded Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $113.40.

Ultra Clean Stock Performance

Ultra Clean stock opened at $83.31 on Monday. The firm has a market capitalization of $3.73 billion, a PE ratio of -19.42, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. Ultra Clean Holdings, Inc. has a one year low of $21.28 and a one year high of $144.22. The stock’s 50 day moving average price is $100.52 and its 200 day moving average price is $76.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07.

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.