Twinbeech Capital LP Invests $529,000 in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Twinbeech Capital LP bought a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 14,716 shares of the semiconductor company's stock, valued at approximately $529,000.

A number of other large investors also recently made changes to their positions in the company. Shapiro Capital Management LLC grew its position in Ultra Clean by 66.8% during the 4th quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock worth $98,736,000 after acquiring an additional 1,099,899 shares during the last quarter. ProShare Advisors LLC raised its stake in Ultra Clean by 42.3% in the 4th quarter. ProShare Advisors LLC now owns 18,972 shares of the semiconductor company's stock valued at $682,000 after acquiring an additional 5,642 shares during the period. Nuveen Asset Management LLC increased its position in shares of Ultra Clean by 41.3% during the fourth quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock valued at $25,686,000 after buying an additional 208,910 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ultra Clean by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,168 shares of the semiconductor company's stock worth $905,000 after acquiring an additional 951 shares during the last quarter. Finally, Ellevest Inc. boosted its holdings in Ultra Clean by 3.5% during the 4th quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company's stock valued at $477,000 after acquiring an additional 445 shares during the period. Institutional investors own 96.06% of the company's stock.

Insider Transactions at Ultra Clean

In related news, Director Ernest E. Maddock purchased 10,000 shares of Ultra Clean stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the purchase, the director now owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bill Bentinck purchased 3,000 shares of the stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the acquisition, the insider now owns 60,695 shares in the company, valued at approximately $1,527,693.15. The trade was a 5.20% increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen lowered Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Oppenheimer lowered their price objective on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC reduced their price objective on Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, TD Cowen lowered their target price on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $37.00.

Ultra Clean Stock Down 1.2%

Ultra Clean stock traded down $0.25 during midday trading on Wednesday, hitting $20.43. 91,833 shares of the stock were exchanged, compared to its average volume of 462,872. The company has a 50 day moving average price of $20.66 and a two-hundred day moving average price of $29.86. The firm has a market cap of $922.21 million, a P/E ratio of 255.34, a P/E/G ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year 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.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The firm had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a net margin of 0.18% and a return on equity of 4.08%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Ultra Clean 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.