Counterpoint Mutual Funds LLC Increases Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Counterpoint Mutual Funds LLC raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,182 shares of the semiconductor company’s stock after buying an additional 631 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Ultra Clean were worth $438,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ultra Clean during the 3rd quarter valued at about $32,000. Nisa Investment Advisors LLC grew its holdings in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 490 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after buying an additional 854 shares in the last quarter. Quarry LP grew its holdings in Ultra Clean by 447.5% during the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 989 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 1,386 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Ultra Clean

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was bought 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ernest E. Maddock bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at $267,190. The trade was a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by insiders.

Ultra Clean Stock Up 0.4 %

Shares of NASDAQ UCTT opened at $25.34 on Tuesday. Ultra Clean Holdings, Inc. has a 12 month low of $22.40 and a 12 month high of $56.47. 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 firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 316.79, a PEG ratio of 0.51 and a beta of 2.20. The business has a 50-day moving average of $33.57 and a 200-day moving average of $35.54.

Ultra Clean Company 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.