9,126 Shares in Ultra Clean Holdings, Inc. $UCTT Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,126 shares of the semiconductor company’s stock, valued at approximately $567,000.

Several other large investors have also recently bought and sold shares of the stock. Gabelli Funds LLC raised its position in shares of Ultra Clean by 16.1% during the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the semiconductor company’s stock worth $1,865,000 after buying an additional 4,153 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Ultra Clean in the 1st quarter worth approximately $3,509,000. Caxton Associates LLP boosted its holdings in shares of Ultra Clean by 32.8% in the first quarter. Caxton Associates LLP now owns 23,977 shares of the semiconductor company’s stock valued at $1,491,000 after acquiring an additional 5,922 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Ultra Clean by 774.8% in the first quarter. Sei Investments Co. now owns 77,983 shares of the semiconductor company’s stock valued at $4,849,000 after acquiring an additional 69,069 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Ultra Clean during the first quarter valued at approximately $549,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analysts Set New Price Targets

UCTT has been the topic of several recent analyst reports. Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. UBS Group initiated coverage on Ultra Clean in a research note on Tuesday, May 5th. They set a “buy” rating and a $130.00 price target for the company. TD Cowen lifted their price target on Ultra Clean from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings lowered Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $113.40.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $69.57 on Thursday. The company has a 50-day moving average of $100.48 and a 200-day moving average of $75.46. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of -16.22, a price-to-earnings-growth ratio of 1.03 and a beta of 1.83. The company has a current ratio of 3.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86. Ultra Clean Holdings, Inc. has a twelve month low of $21.28 and a twelve month high of $144.22.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The business had revenue of $533.70 million for the quarter, compared to the consensus estimate of $525.28 million. During the same period in the previous year, the firm earned $0.28 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Analysts forecast that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Insider Activity

In other Ultra Clean news, SVP Jamie J. Palfrey sold 8,691 shares of Ultra Clean stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total value of $692,846.52. Following the transaction, the senior vice president owned 16,446 shares in the company, valued at approximately $1,311,075.12. The trade was a 34.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Sheri Savage sold 15,766 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $89.47, for a total value of $1,410,584.02. Following the completion of the transaction, the chief financial officer directly owned 50,710 shares in the company, valued at $4,537,023.70. This represents a 23.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 68,203 shares of company stock valued at $5,838,174 in the last ninety days. 1.80% of the stock is owned by company insiders.

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.