Ultra Clean (NASDAQ:UCTT) Sets New 1-Year Low – What’s Next?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) reached a new 52-week low on Thursday . The company traded as low as $20.42 and last traded at $21.92, with a volume of 507806 shares trading hands. The stock had previously closed at $21.00.

Wall Street Analysts Forecast Growth

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

Ultra Clean Trading Up 4.4 %

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 stock’s fifty day moving average price is $30.08 and its two-hundred day moving average price is $34.60. The stock has a market capitalization of $989.29 million, a P/E ratio of 274.03, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14.

Insiders Place Their Bets

In related news, Director Ernest E. Maddock acquired 10,000 shares of the firm’s stock in a transaction dated 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 acquisition, the director now owns 11,000 shares in the company, valued at approximately $267,190. This represents a 1,000.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Bill Bentinck bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of $25.17 per share, with a total value of $75,510.00. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UCTT. Vanguard Group Inc. grew its holdings in Ultra Clean by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock worth $173,826,000 after acquiring an additional 129,616 shares during the last quarter. Shapiro Capital Management LLC grew its stake in shares of Ultra Clean by 66.8% in the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after purchasing an additional 1,099,899 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ultra Clean by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company’s stock valued at $86,526,000 after purchasing an additional 77,307 shares during the period. Geode Capital Management LLC raised its position in Ultra Clean by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock valued at $41,843,000 after purchasing an additional 10,501 shares during the last quarter. Finally, Boston Partners lifted its holdings 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 buying an additional 718,717 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

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.