Texas Permanent School Fund Purchases 765 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Texas Permanent School Fund boosted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Rating) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,597 shares of the semiconductor company’s stock after acquiring an additional 765 shares during the period. Texas Permanent School Fund’s holdings in Ultra Clean were worth $970,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CWM LLC raised its stake in Ultra Clean by 291.6% in the 2nd quarter. CWM LLC now owns 932 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 694 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Ultra Clean by 151.4% during the second quarter. Nisa Investment Advisors LLC now owns 1,106 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 666 shares during the period. Spire Wealth Management bought a new stake in shares of Ultra Clean during the second quarter valued at about $34,000. Worth Asset Management LLC bought a new stake in shares of Ultra Clean during the first quarter valued at about $49,000. Finally, Ellevest Inc. increased its position in shares of Ultra Clean by 43.5% during the second quarter. Ellevest Inc. now owns 1,904 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 577 shares during the period. 78.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UCTT. StockNews.com began coverage on Ultra Clean in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Cowen decreased their price objective on shares of Ultra Clean from $42.00 to $36.00 in a research report on Thursday, October 27th. Craig Hallum decreased their price objective on shares of Ultra Clean to $44.00 in a research report on Thursday, October 27th. Needham & Company LLC upped their price objective on shares of Ultra Clean from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, October 27th. Finally, TheStreet cut shares of Ultra Clean from a “b-” rating to a “c+” rating in a research report on Friday, July 29th.

Insiders Place Their Bets

In other Ultra Clean news, CFO Sheri Savage sold 14,814 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $31.92, for a total value of $472,862.88. Following the completion of the sale, the chief financial officer now owns 85,099 shares of the company’s stock, valued at $2,716,360.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, General Counsel Paul Yoonku Cho sold 2,949 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $29.41, for a total transaction of $86,730.09. Following the completion of the sale, the general counsel now owns 15,272 shares of the company’s stock, valued at $449,149.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sheri Savage sold 14,814 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $31.92, for a total value of $472,862.88. Following the sale, the chief financial officer now directly owns 85,099 shares of the company’s stock, valued at approximately $2,716,360.08. The disclosure for this sale can be found here. Insiders sold a total of 23,914 shares of company stock valued at $774,979 over the last quarter. 2.10% of the stock is owned by corporate insiders.

Ultra Clean Stock Up 0.4 %

Shares of UCTT opened at $33.86 on Friday. The firm has a market cap of $1.54 billion, a P/E ratio of 26.87 and a beta of 1.96. The stock has a 50 day simple moving average of $28.91 and a two-hundred day simple moving average of $30.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.79 and a quick ratio of 1.79. Ultra Clean Holdings, Inc. has a 1 year low of $23.32 and a 1 year high of $60.49.

About Ultra Clean

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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