13,200 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Purchased by Bailard Inc.

Bailard Inc. purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,200 shares of the semiconductor company's stock, valued at approximately $475,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean in the third quarter valued at $32,000. Nisa Investment Advisors LLC lifted its holdings in shares of 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 period. Smartleaf Asset Management LLC lifted its holdings in shares of Ultra Clean by 694.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock valued at $35,000 after buying an additional 854 shares during the period. Quarry LP lifted its holdings in shares of Ultra Clean by 447.5% in the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after buying an additional 989 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Ultra Clean by 139.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after buying an additional 1,386 shares during the period. Institutional investors and hedge funds own 96.06% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC restated a "buy" rating and issued a $40.00 price objective on shares of Ultra Clean in a report on Thursday.

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Ultra Clean Trading Up 6.0 %

Shares of NASDAQ UCTT traded up $1.43 during mid-day trading on Friday, hitting $25.32. 752,248 shares of the company traded hands, compared to its average volume of 378,049. Ultra Clean Holdings, Inc. has a 1 year low of $22.85 and a 1 year high of $56.47. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 316.54, a PEG ratio of 0.51 and a beta of 2.09. 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 business has a 50 day moving average of $35.06 and a two-hundred day moving average of $36.13.

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.