Wealth Enhancement Advisory Services LLC Buys Shares of 15,122 Ultra Clean Holdings, Inc. $UCTT

Wealth Enhancement Advisory Services LLC purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,122 shares of the semiconductor company’s stock, valued at approximately $416,000.

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

Insider Activity

In related news, Director David T. Ibnale sold 23,500 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $26.63, for a total transaction of $625,805.00. Following the completion of the sale, the director owned 45,241 shares in the company, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Ultra Clean Stock Performance

UCTT opened at $48.29 on Friday. The company has a 50 day simple moving average of $33.81 and a two-hundred day simple moving average of $28.46. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.21 and a quick ratio of 1.91. The firm has a market cap of $2.19 billion, a P/E ratio of -13.53, a PEG ratio of 1.42 and a beta of 2.02. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $48.66.

Analyst Upgrades and Downgrades

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

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.