Trexquant Investment LP Boosts Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Trexquant Investment LP boosted its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 639.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,818 shares of the semiconductor company’s stock after purchasing an additional 101,028 shares during the period. Trexquant Investment LP’s holdings in Ultra Clean were worth $4,200,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Ultra Clean by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock worth $173,826,000 after buying an additional 129,616 shares during the period. Geode Capital Management LLC raised its stake in Ultra Clean by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock worth $41,843,000 after acquiring an additional 10,501 shares during the period. Boston Partners lifted its holdings in Ultra Clean by 227.1% during the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after purchasing an additional 718,717 shares in the last quarter. Royce & Associates LP boosted its position in shares of Ultra Clean by 2.1% in the fourth quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company’s stock worth $33,350,000 after purchasing an additional 18,991 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Ultra Clean by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company’s stock worth $24,382,000 after purchasing an additional 30,935 shares during the period. Institutional investors own 96.06% of the company’s stock.

Insider Activity at Ultra Clean

In other news, Director Ernest E. Maddock purchased 10,000 shares of the company’s 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 completion of the purchase, the director now owns 11,000 shares in the company, valued at approximately $267,190. This represents a 1,000.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bill Bentinck acquired 3,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the acquisition, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Ultra Clean Trading Down 2.3 %

Shares of UCTT opened at $18.28 on Friday. The firm has a market cap of $825.01 million, a P/E ratio of 228.53, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. 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 $16.66 and a 1 year high of $56.47. The company has a 50 day simple moving average of $29.33 and a two-hundred day simple moving average of $34.38.

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.