Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Purchased by Delphi Management Inc. MA

Delphi Management Inc. MA raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 606.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,256 shares of the semiconductor company’s stock after buying an additional 34,556 shares during the period. Delphi Management Inc. MA’s holdings in Ultra Clean were worth $1,447,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Ultra Clean by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock valued at $41,843,000 after buying an additional 10,501 shares in the last quarter. Royce & Associates LP lifted its position in Ultra Clean by 2.1% during the fourth quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company’s stock valued at $33,350,000 after buying an additional 18,991 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Ultra Clean by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company’s stock valued at $24,382,000 after buying an additional 30,935 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Ultra Clean by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock valued at $20,209,000 after buying an additional 110,403 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Ultra Clean by 7.3% during the fourth quarter. First Eagle Investment Management LLC now owns 400,939 shares of the semiconductor company’s stock worth $14,414,000 after purchasing an additional 27,300 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ultra Clean

In related news, insider Bill Bentinck acquired 3,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The stock was acquired 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 directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 bought at an average cost of $24.29 per share, with a total value of $242,900.00. Following the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $267,190. This trade represents 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 %

UCTT stock opened at $25.34 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a 1-year low of $22.40 and a 1-year high of $56.47. The firm has a fifty day moving average price of $33.57 and a two-hundred day moving average price of $35.54. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 316.79, a PEG ratio of 0.51 and a beta of 2.20.

Wall Street Analyst Weigh In

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

About Ultra Clean

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.