Dynamic Technology Lab Private Ltd Takes $833,000 Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,855 shares of the semiconductor company’s stock, valued at approximately $833,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in Ultra Clean by 454.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company’s stock worth $13,380,000 after acquiring an additional 274,628 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Ultra Clean by 130.1% in the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after purchasing an additional 207,633 shares during the last quarter. Hood River Capital Management LLC increased its holdings in Ultra Clean by 54.2% in the second quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company’s stock valued at $17,947,000 after purchasing an additional 128,670 shares during the period. Comerica Bank raised its position in Ultra Clean by 512.5% during the 1st quarter. Comerica Bank now owns 134,289 shares of the semiconductor company’s stock worth $6,169,000 after purchasing an additional 112,366 shares during the last quarter. Finally, Algert Global LLC lifted its holdings in Ultra Clean by 424.0% during the 3rd quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company’s stock worth $3,397,000 after buying an additional 68,830 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on UCTT. Oppenheimer assumed coverage on Ultra Clean in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $70.00 price objective on the stock. Needham & Company LLC dropped their price target on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Finally, TD Cowen decreased their price objective on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $57.75.

Ultra Clean Trading Down 0.2 %

NASDAQ UCTT opened at $37.41 on Thursday. The stock has a market capitalization of $1.69 billion, a P/E ratio of 468.68 and a beta of 2.08. The business has a 50 day simple moving average of $36.79 and a 200 day simple moving average of $41.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a one year low of $26.44 and a one year high of $56.47.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The company had revenue of $540.40 million during the quarter, compared to the consensus estimate of $515.88 million. During the same quarter last year, the firm posted ($0.03) EPS. The company’s quarterly revenue was up 24.2% on a year-over-year basis. Research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Insider Buying and Selling at Ultra Clean

In other news, COO Harjinder Bajwa purchased 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $34.83 per share, for a total transaction of $522,450.00. Following the completion of the acquisition, the chief operating officer now owns 44,291 shares in the company, valued at approximately $1,542,655.53. The trade was a 51.21 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total value of $130,720.40. Following the transaction, the insider now directly owns 18,805 shares in the company, valued at $718,351. The trade was a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 27,500 shares of company stock valued at $943,275. 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.