BlackRock Amends UCTT Stake: Passive Investment Update
Ticker: UCTT · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1275014
| Field | Detail |
|---|---|
| Company | Ultra Clean Holdings, Inc. (UCTT) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its UCTT stake, signaling a passive investment change.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating a change in their ownership of Ultra Clean Holdings, Inc. (UCTT) common stock as of December 31, 2023. This filing, Amendment No. 3, shows BlackRock's updated passive investment position in the semiconductor equipment company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence in UCTT's future performance, potentially influencing other investors' decisions.
Why It Matters
Large institutional ownership changes can influence stock price and investor sentiment, as BlackRock's actions are often seen as a vote of confidence or concern.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate, significant risk.
Analyst Insight
Investors should monitor future 13G/A filings from BlackRock for Ultra Clean Holdings, Inc. to track any significant changes in their ownership percentage, which could signal a shift in their investment thesis.
Key Players & Entities
- BlackRock Inc. (company) — filer of the SC 13G/A, a major institutional investor
- Ultra Clean Holdings, Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 3 (number) — indicates this is the third amendment to BlackRock's Schedule 13G for UCTT
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Ultra Clean Holdings, Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc. regarding their ownership in Ultra Clean Holdings, Inc.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Ultra Clean Holdings, Inc. is 90385V107, as stated in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, according to the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.
What is the business address of the filer, BlackRock Inc.?
The business address for BlackRock Inc. is 50 Hudson Yards, New York, NY 10001, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Ultra Clean Holdings, Inc. (UCTT).