Canada Pension Plan Investment Board Buys 9,100 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Canada Pension Plan Investment Board grew its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 35.8% in the fourth quarter, HoldingsChannel reports. The firm owned 34,500 shares of the semiconductor company’s stock after buying an additional 9,100 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Ultra Clean were worth $1,240,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bank of Montreal Can lifted its holdings in shares of Ultra Clean by 6.4% in the 4th quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company’s stock valued at $286,000 after acquiring an additional 478 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 490 shares during the period. Counterpoint Mutual Funds LLC increased its position in shares of Ultra Clean by 5.5% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company’s stock valued at $438,000 after purchasing an additional 631 shares during the last quarter. Headlands Technologies LLC bought a new stake in Ultra Clean in the fourth quarter worth $26,000. Finally, FCA Corp TX boosted its stake in Ultra Clean by 1.5% during the fourth quarter. FCA Corp TX now owns 51,997 shares of the semiconductor company’s stock worth $1,869,000 after buying an additional 774 shares during the period. 96.06% of the stock is owned by institutional investors.

Ultra Clean Stock Up 7.1 %

Shares of UCTT opened at $22.17 on Friday. The firm has a fifty day moving average price of $23.81 and a 200-day moving average price of $32.45. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.00 billion, a P/E ratio of 277.16, a P/E/G ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $56.47.

Insider Activity at Ultra Clean

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

Analysts Set New Price Targets

Several research firms have recently issued reports on UCTT. Oppenheimer lowered their target price on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective 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.