Optimize Financial Inc Buys New Position in Ultra Clean Holdings, Inc. $UCTT

Optimize Financial Inc purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,535 shares of the semiconductor company’s stock, valued at approximately $1,541,000. Ultra Clean accounts for about 0.8% of Optimize Financial Inc’s investment portfolio, making the stock its 19th largest holding. Optimize Financial Inc owned about 0.12% of Ultra Clean as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Ultra Clean by 35.8% in the first quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock valued at $555,000 after purchasing an additional 6,841 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Ultra Clean by 16.9% during the 1st quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock worth $4,256,000 after buying an additional 28,690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ultra Clean by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock valued at $566,000 after buying an additional 1,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Ultra Clean by 18.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock worth $1,822,000 after acquiring an additional 13,005 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Ultra Clean by 1,987.5% in the first quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock worth $3,173,000 after acquiring an additional 141,114 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Insider Buying and Selling

In other Ultra Clean news, Director David T. Ibnale sold 23,500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $26.63, for a total transaction of $625,805.00. Following the sale, the director owned 45,241 shares of the company’s stock, valued at approximately $1,204,767.83. This trade represents a 34.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Ultra Clean in a research note on Monday, December 29th. TD Cowen upped their price target on Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Needham & Company LLC increased their price target on Ultra Clean from $35.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Oppenheimer reissued an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ultra Clean has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Ultra Clean Trading Down 1.6%

NASDAQ:UCTT opened at $45.33 on Wednesday. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $48.66. The stock has a market cap of $2.06 billion, a P/E ratio of -12.70, a P/E/G ratio of 1.36 and a beta of 2.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.91 and a current ratio of 3.21. The stock has a 50-day simple moving average of $32.62 and a 200-day simple moving average of $28.05.

Ultra Clean Profile

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.