Ernest E. Maddock Buys 10,000 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock bought 10,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the purchase, the director now owns 11,000 shares in the company, valued at approximately $267,190. The trade was a 1,000.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Ultra Clean Price Performance

Shares of UCTT opened at $24.58 on Thursday. The firm has a market cap of $1.11 billion, a PE ratio of 307.29, a P/E/G ratio of 0.51 and a beta of 2.20. 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 fifty day simple moving average of $34.56 and a two-hundred day simple moving average of $35.89. Ultra Clean Holdings, Inc. has a 1-year low of $22.40 and a 1-year high of $56.47.

Institutional Investors Weigh In On Ultra Clean

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in Ultra Clean in the 4th quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Ultra Clean in the 3rd quarter worth $32,000. Nisa Investment Advisors LLC raised its holdings in 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. Smartleaf Asset Management LLC raised its holdings in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 854 shares during the period. Finally, Quarry LP raised its holdings in Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 989 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Ultra Clean Company 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.