Trexquant Investment LP Increases Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Trexquant Investment LP raised its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 639.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,818 shares of the semiconductor company’s stock after acquiring an additional 101,028 shares during the quarter. Trexquant Investment LP owned approximately 0.26% of Ultra Clean worth $4,200,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in Ultra Clean during the 4th quarter valued at about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ultra Clean in the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC increased its stake in shares of Ultra Clean by 107.0% during the fourth 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 during the period. Smartleaf Asset Management LLC raised its holdings in shares of Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 854 shares in the last quarter. Finally, Quarry LP lifted its stake in Ultra Clean by 447.5% in the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 989 shares during the period. 96.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Bill Bentinck purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the acquisition, the insider now directly owns 60,695 shares in the company, valued at $1,527,693.15. This represents a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ernest E. Maddock acquired 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares in the company, valued at $267,190. This represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.

Ultra Clean Trading Down 2.3 %

UCTT opened at $18.28 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $56.47. The stock has a market cap of $825.01 million, a PE ratio of 228.53, a PEG ratio of 0.51 and a beta of 2.14. The business has a 50 day moving average of $29.33 and a 200-day moving average of $34.38.

Wall Street Analyst Weigh In

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

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.