Goodman Financial Corp Buys Shares of 386,651 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Goodman Financial Corp purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 386,651 shares of the semiconductor company’s stock, valued at approximately $13,900,000. Ultra Clean comprises 3.0% of Goodman Financial Corp’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in Ultra Clean by 6.8% in the 3rd quarter. Victory Capital Management Inc. now owns 57,825 shares of the semiconductor company’s stock valued at $2,309,000 after buying an additional 3,681 shares during the period. Quest Partners LLC increased its stake in shares of Ultra Clean by 4,602.7% during the third quarter. Quest Partners LLC now owns 6,866 shares of the semiconductor company’s stock worth $274,000 after acquiring an additional 6,720 shares during the period. Meeder Asset Management Inc. raised its holdings in Ultra Clean by 306.8% during the third quarter. Meeder Asset Management Inc. now owns 3,466 shares of the semiconductor company’s stock worth $138,000 after purchasing an additional 2,614 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Ultra Clean by 74.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,978 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 3,394 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Ultra Clean in the 3rd quarter valued at approximately $550,000. 96.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $24.68 on Friday. The firm’s fifty day simple moving average is $32.73 and its 200-day simple moving average is $35.30. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1.11 billion, a PE ratio of 308.54, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.40 and a fifty-two week high of $56.47.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th.

About Ultra Clean

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.