Boston Partners Buys 718,717 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Boston Partners raised its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 227.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,035,214 shares of the semiconductor company's stock after purchasing an additional 718,717 shares during the quarter. Boston Partners owned approximately 2.30% of Ultra Clean worth $37,625,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Ultra Clean during the third quarter worth $32,000. Nisa Investment Advisors LLC lifted its stake in Ultra Clean by 107.0% in the 4th 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 last quarter. Smartleaf Asset Management LLC grew its holdings in Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 854 shares during the period. Quarry LP increased its position in 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 buying an additional 989 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Ultra Clean by 139.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock worth $86,000 after buying an additional 1,386 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Activity at Ultra Clean

In other news, Director Ernest E. Maddock acquired 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the transaction, the director now directly owns 11,000 shares of the company's stock, valued at approximately $267,190. The trade was a 1,000.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bill Bentinck bought 3,000 shares of the company's stock in a transaction on Friday, March 7th. The stock was purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the completion of the transaction, the insider now directly owns 60,695 shares of the company's stock, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their position. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

Ultra Clean Price Performance

Shares of UCTT stock traded up $0.60 during trading on Monday, hitting $24.85. The company had a trading volume of 448,658 shares, compared to its average volume of 390,163. The firm has a market capitalization of $1.12 billion, a P/E ratio of 310.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a one year low of $22.40 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The stock's 50-day moving average price is $32.47 and its 200 day moving average price is $35.22.

Ultra Clean 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.