Paradigm Capital Management Inc. NY Takes Position in Ultra Clean Holdings, Inc. $UCTT

Paradigm Capital Management Inc. NY purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 608,200 shares of the semiconductor company's stock, valued at approximately $86,723,000. Ultra Clean accounts for about 2.4% of Paradigm Capital Management Inc. NY's holdings, making the stock its 12th largest position. Paradigm Capital Management Inc. NY owned about 1.36% of Ultra Clean at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in Ultra Clean by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 284 shares in the last quarter. Danske Bank A S lifted its holdings in Ultra Clean by 450.0% in 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 last quarter. Kilter Group LLC bought a new position in Ultra Clean during the 2nd quarter worth $30,000. AdvisorNet Financial Inc acquired a new stake in shares of Ultra Clean in the 1st quarter worth about $34,000. Finally, Smartleaf Asset Management LLC raised its stake in Ultra Clean by 472.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 1,414 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ultra Clean

In related news, General Counsel Paul Yoonku Cho sold 944 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total value of $84,365.28. Following the completion of the transaction, the general counsel directly owned 22,941 shares in the company, valued at approximately $2,050,237.17. The trade was a 3.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total transaction of $755,691.64. Following the completion of the transaction, the director directly owned 38,152 shares in the company, valued at approximately $3,516,851.36. The trade was a 17.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,329 shares of company stock valued at $3,540,599 over the last 90 days. 1.80% of the stock is owned by company insiders.

Ultra Clean Trading Down 4.8%

NASDAQ UCTT opened at $72.78 on Tuesday. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $3.26 billion, a PE ratio of -139.96, a P/E/G ratio of 0.82 and a beta of 1.88. The stock has a 50-day simple moving average of $97.62 and a 200 day simple moving average of $80.52. Ultra Clean Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $144.22.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.17. The business had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. Ultra Clean's quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Research analysts forecast that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Ultra Clean from a "hold" rating to a "strong-buy" rating in a report on Monday, May 25th. UBS Group reiterated a "buy" rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Weiss Ratings lowered shares of Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Ultra Clean from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Finally, TD Cowen lifted their price objective on Ultra Clean from $130.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ultra Clean presently has an average rating of "Moderate Buy" and a consensus target price of $129.00.

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.

Want to see what other hedge funds are holding UCTT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source