Jane Street Group LLC Buys 55,924 Shares of Ultra Clean Holdings Inc (UCTT)

Jane Street Group LLC increased its stake in Ultra Clean Holdings Inc (NASDAQ:UCTT) by 251.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,163 shares of the semiconductor company’s stock after buying an additional 55,924 shares during the period. Jane Street Group LLC owned 0.24% of Ultra Clean Holdings worth $1,318,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Allianz Asset Management AG bought a new stake in shares of Ultra Clean Holdings during the fourth quarter valued at $100,000. State Board of Administration of Florida Retirement System increased its stake in shares of Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 251 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Ultra Clean Holdings by 3.1% in the first quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock valued at $187,000 after buying an additional 334 shares in the last quarter. Nordea Investment Management AB bought a new stake in shares of Ultra Clean Holdings during the first quarter valued at $204,000. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of Ultra Clean Holdings by 88.1% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 24,176 shares of the semiconductor company’s stock valued at $235,000 after buying an additional 11,324 shares in the last quarter. 85.27% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ultra Clean Holdings (NASDAQ:UCTT)

Ultra Clean Holdings Inc (NASDAQ UCTT) traded down 0.705% during midday trading on Thursday, reaching $20.435. The company’s stock had a trading volume of 745,630 shares. The company’s 50-day moving average price is $22.20 and its 200-day moving average price is $15.61. Ultra Clean Holdings Inc has a 1-year low of $5.40 and a 1-year high of $26.21. The company has a market capitalization of $675.60 million, a price-to-earnings ratio of 25.012 and a beta of 1.13.

Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Ultra Clean Holdings had a return on equity of 25.68% and a net margin of 7.01%. The company had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $192.61 million. The company’s revenue was up 82.4% on a year-over-year basis. On average, analysts predict that Ultra Clean Holdings Inc will post $1.72 earnings per share for the current fiscal year.

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Several equities research analysts recently weighed in on UCTT shares. TheStreet raised Ultra Clean Holdings from a “c” rating to a “b-” rating in a report on Thursday, February 23rd. Needham & Company LLC raised their target price on Ultra Clean Holdings from $15.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, February 23rd. Stifel Nicolaus raised their target price on Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, April 28th. ValuEngine downgraded Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, June 9th. Finally, Zacks Investment Research downgraded Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.10.

In other news, SVP Michael Roy Henderson sold 10,425 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $21.00, for a total value of $218,925.00. Following the completion of the transaction, the senior vice president now owns 43,272 shares of the company’s stock, valued at $908,712. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Speirs sold 44,129 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $15.11, for a total value of $666,789.19. Following the completion of the transaction, the senior vice president now directly owns 147,920 shares of the company’s stock, valued at approximately $2,235,071.20. The disclosure for this sale can be found here. In the last three months, insiders sold 162,262 shares of company stock valued at $3,193,719. Company insiders own 2.60% of the company’s stock.

About Ultra Clean Holdings

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

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