Entropy Technologies LP Buys Shares of 9,126 Ultra Clean Holdings, Inc. $UCTT

Entropy Technologies LP bought a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,126 shares of the semiconductor company’s stock, valued at approximately $567,000.

A number of other large investors also recently modified their holdings of the business. Quadrant Capital Group LLC boosted its holdings in shares of Ultra Clean by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 284 shares during the period. Danske Bank A S raised its stake in Ultra Clean by 450.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 900 shares during the period. AdvisorNet Financial Inc bought a new position in Ultra Clean in the first quarter worth about $34,000. Smartleaf Asset Management LLC lifted its holdings in Ultra Clean by 472.9% in the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in Ultra Clean in the third quarter worth about $45,000. 96.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ultra Clean

In related news, SVP Jamie J. Palfrey sold 8,691 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.72, for a total value of $692,846.52. Following the sale, the senior vice president directly owned 16,446 shares in the company, valued at $1,311,075.12. This trade represents a 34.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher S. Cook sold 11,478 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $73.96, for a total value of $848,912.88. Following the completion of the sale, the insider owned 97,427 shares in the company, valued at approximately $7,205,700.92. This represents a 10.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 68,203 shares of company stock valued at $5,838,174. 1.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UCTT has been the subject of several recent research reports. UBS Group started coverage on Ultra Clean in a report on Tuesday, May 5th. They set a “buy” rating and a $130.00 target price for the company. Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Needham & Company LLC boosted their price objective on Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, July 24th. Finally, Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research note on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ultra Clean currently has a consensus rating of “Buy” and a consensus target price of $113.40.

Ultra Clean Trading Down 10.2%

Ultra Clean stock opened at $69.57 on Thursday. The company has a quick ratio of 1.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $100.48 and a two-hundred day moving average price of $75.46. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -16.22, a PEG ratio of 1.03 and a beta of 1.83. Ultra Clean Holdings, Inc. has a 52-week low of $21.28 and a 52-week high of $144.22.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate 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 company had revenue of $533.70 million for the quarter, compared to analyst estimates of $525.28 million. During the same quarter last year, the business earned $0.28 earnings per share. Ultra Clean’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts expect that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current year.

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.