Ultra Clean (NASDAQ:UCTT) Hits New 12-Month Low – What’s Next?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $22.64 and last traded at $23.14, with a volume of 59693 shares traded. The stock had previously closed at $23.70.

Wall Street Analyst Weigh In

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

Ultra Clean Price Performance

The firm has a 50 day moving average price of $34.56 and a 200 day moving average price of $35.89. 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 P/E ratio of 307.29, a P/E/G ratio of 0.51 and a beta of 2.20.

Insider Transactions at Ultra Clean

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

Institutional Trading of Ultra Clean

Several institutional investors and hedge funds have recently added to or reduced their stakes in UCTT. Shapiro Capital Management LLC increased its stake in Ultra Clean by 66.8% in the 4th quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after acquiring an additional 1,099,899 shares during the last quarter. Boston Partners increased its stake in Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock worth $37,625,000 after acquiring an additional 718,717 shares during the last quarter. Goodman Financial Corp bought a new stake in Ultra Clean in the 4th quarter worth approximately $13,900,000. Nuveen Asset Management LLC increased its stake in Ultra Clean by 41.3% in the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company’s stock worth $25,686,000 after acquiring an additional 208,910 shares during the last quarter. Finally, Oberweis Asset Management Inc. increased its stake in Ultra Clean by 39.4% in the 4th quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company’s stock worth $22,048,000 after acquiring an additional 173,200 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

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.