Public Sector Pension Investment Board Boosts Stake in Ultra Clean Holdings, Inc. $UCTT

Public Sector Pension Investment Board grew its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 14.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,870 shares of the semiconductor company’s stock after acquiring an additional 22,975 shares during the quarter. Public Sector Pension Investment Board owned about 0.39% of Ultra Clean worth $4,820,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Amalgamated Bank boosted its position in Ultra Clean by 3.4% during the third quarter. Amalgamated Bank now owns 13,312 shares of the semiconductor company’s stock valued at $363,000 after purchasing an additional 434 shares in the last quarter. Pitcairn Co. lifted its position in shares of Ultra Clean by 3.3% during the second quarter. Pitcairn Co. now owns 16,396 shares of the semiconductor company’s stock valued at $370,000 after buying an additional 523 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Ultra Clean by 7.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,592 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 809 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Ultra Clean by 237.6% in the 2nd quarter. Allworth Financial LP now owns 1,330 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 936 shares in the last quarter. Finally, Creative Planning grew its position in shares of Ultra Clean by 4.3% in the 2nd quarter. Creative Planning now owns 23,137 shares of the semiconductor company’s stock worth $522,000 after buying an additional 958 shares during the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UCTT shares. Oppenheimer reissued an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. TD Cowen upped their price target on Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Needham & Company LLC increased their price objective on Ultra Clean from $35.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ultra Clean in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ultra Clean presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.33.

Ultra Clean Price Performance

Shares of UCTT opened at $57.48 on Friday. The firm has a market capitalization of $2.61 billion, a PE ratio of -16.10, a price-to-earnings-growth ratio of 1.62 and a beta of 2.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.21 and a quick ratio of 1.91. The company’s fifty day moving average price is $38.84 and its 200-day moving average price is $30.36. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $58.70.

Insider Activity at Ultra Clean

In related news, Director David T. Ibnale sold 23,500 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $26.63, for a total value of $625,805.00. Following the sale, the director owned 45,241 shares in the company, valued at $1,204,767.83. This represents a 34.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

About Ultra Clean

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.