XTX Topco Ltd Makes New $476,000 Investment in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

XTX Topco 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,921 shares of the semiconductor company’s stock, valued at approximately $476,000.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC increased its holdings in Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ultra Clean during the third quarter worth $32,000. CWM LLC increased its holdings in Ultra Clean by 46.3% in the second quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 253 shares during the last quarter. Innealta Capital LLC acquired a new stake in Ultra Clean in the second quarter valued at $41,000. Finally, GAMMA Investing LLC lifted its holdings in Ultra Clean by 92.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company’s stock worth $48,000 after buying an additional 575 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Ultra Clean Stock Up 0.1 %

Ultra Clean stock opened at $37.31 on Friday. The company has a market capitalization of $1.68 billion, a P/E ratio of 466.43 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a fifty-two week low of $30.20 and a fifty-two week high of $56.47. The stock has a 50-day simple moving average of $36.98 and a 200-day simple moving average of $40.63.

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

Insider Activity at Ultra Clean

In related news, COO Harjinder Bajwa purchased 2,500 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was acquired at an average price of $33.33 per share, for a total transaction of $83,325.00. Following the completion of the purchase, the chief operating officer now directly owns 29,291 shares of the company’s stock, valued at $976,269.03. This trade represents a 9.33 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total transaction of $130,720.40. Following the completion of the transaction, the insider now owns 18,805 shares in the company, valued at approximately $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 27,500 shares of company stock worth $943,275 in the last 90 days. 2.20% of the stock is owned by insiders.

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.