Jane Street Group LLC Boosts Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Jane Street Group LLC raised its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 171.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,459 shares of the semiconductor company’s stock after buying an additional 62,134 shares during the quarter. Jane Street Group LLC owned about 0.22% of Ultra Clean worth $3,931,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of 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 purchasing an additional 253 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Ultra Clean in the 2nd quarter worth $148,000. Louisiana State Employees Retirement System increased its holdings in shares of Ultra Clean by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 22,600 shares of the semiconductor company’s stock worth $1,107,000 after buying an additional 400 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Ultra Clean during the 2nd quarter valued at about $41,000. Finally, nVerses Capital LLC bought a new position in shares of Ultra Clean in the 2nd quarter valued at about $64,000. Institutional investors own 96.06% of the company’s stock.

Insider Activity at Ultra Clean

In other news, COO Harjinder Bajwa bought 2,500 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of $33.33 per share, with a total value of $83,325.00. Following the transaction, the chief operating officer now directly owns 29,291 shares in the company, valued at approximately $976,269.03. This trade represents a 9.33 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the stock in a transaction 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 position. The disclosure for this sale can be found here. Insiders purchased 27,500 shares of company stock worth $943,275 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UCTT. Oppenheimer began coverage on Ultra Clean in a research note on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price objective on the stock. TD Cowen decreased their price target on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Finally, Needham & Company LLC cut their price objective 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. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $57.75.

Ultra Clean Trading Down 1.8 %

UCTT opened at $36.43 on Thursday. Ultra Clean Holdings, Inc. has a one year low of $31.01 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 455.43 and a beta of 2.09. The stock’s 50 day moving average price is $36.93 and its 200-day moving average price is $40.46.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business 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 business’s revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.03) earnings per share. On average, equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Ultra Clean 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.