Stoneridge Investment Partners LLC Grows Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Stoneridge Investment Partners LLC lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 18.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,278 shares of the semiconductor company’s stock after buying an additional 975 shares during the period. Stoneridge Investment Partners LLC’s holdings in Ultra Clean were worth $226,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Signaturefd LLC grew its holdings in Ultra Clean by 465.5% in the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 661 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ultra Clean during the 3rd quarter valued at about $32,000. Nisa Investment Advisors LLC raised its stake in Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 490 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Ultra Clean by 92.4% in the third quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 575 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Ultra Clean by 447.5% during the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of NASDAQ UCTT opened at $37.36 on Friday. The company has a 50 day simple moving average of $37.24 and a two-hundred day simple moving average of $37.25. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 467.06, a PEG ratio of 0.51 and a beta of 2.09. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 12 month low of $32.08 and a 12 month high of $56.47.

Insider Transactions at Ultra Clean

In related news, COO Harjinder Bajwa acquired 15,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were acquired at an average price of $34.83 per share, for a total transaction of $522,450.00. Following the transaction, the chief operating officer now owns 44,291 shares in the company, valued at approximately $1,542,655.53. This trade represents a 51.21 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on UCTT shares. TD Cowen lowered their target price on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Needham & Company LLC dropped their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th.

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.