KBC Group NV Raises Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

KBC Group NV raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 76.3% during the 4th quarter, HoldingsChannel reports. The fund owned 2,561 shares of the semiconductor company’s stock after acquiring an additional 1,108 shares during the quarter. KBC Group NV’s holdings in Ultra Clean were worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Ultra Clean by 465.5% during the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 661 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Ultra Clean during the 3rd quarter valued at about $32,000. Nisa Investment Advisors LLC grew its holdings in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 490 shares during the last quarter. GAMMA Investing LLC grew its stake in Ultra Clean by 92.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 575 shares in the last quarter. Finally, Quarry LP grew its stake in Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 989 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Price Performance

Shares of UCTT stock opened at $37.36 on Monday. The firm’s 50-day moving average is $37.24 and its two-hundred day moving average is $37.11. The company has a market capitalization of $1.68 billion, a PE ratio of 467.06, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 12 month low of $32.08 and a 12 month high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

Insider Activity

In other news, COO Harjinder Bajwa purchased 10,000 shares of the stock in a transaction on Friday, November 15th. The stock was bought at an average price of $33.75 per share, for a total transaction of $337,500.00. Following the acquisition, the chief operating officer now directly owns 54,291 shares of the company’s stock, valued at approximately $1,832,321.25. The trade was a 22.58 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on UCTT shares. Needham & Company LLC decreased their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. TD Cowen dropped their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th.

Ultra Clean Company Profile

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.