Oppenheimer & Co. Inc. Invests $1.42 Million in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Oppenheimer & Co. Inc. purchased a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,379 shares of the semiconductor company's stock, valued at approximately $1,416,000. Oppenheimer & Co. Inc. owned 0.09% of Ultra Clean as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ultra Clean during the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC grew its holdings in Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 490 shares during the period. Quarry LP raised its stake 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. KBC Group NV lifted its position in shares of Ultra Clean by 76.3% during the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company's stock valued at $92,000 after buying an additional 1,108 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Ultra Clean by 306.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,466 shares of the semiconductor company's stock worth $138,000 after acquiring an additional 2,614 shares during the last quarter. Institutional investors own 96.06% of the company's stock.

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Ultra Clean Price Performance

NASDAQ:UCTT traded up $1.43 during trading hours on Friday, hitting $25.32. The stock had a trading volume of 752,247 shares, compared to its average volume of 377,551. The company has a 50 day simple moving average of $35.28 and a two-hundred day simple moving average of $36.23. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 316.54, a P/E/G ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a one year low of $22.85 and a one year high of $56.47.

Wall Street Analysts Forecast Growth

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

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.