Bridge City Capital LLC Takes Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Bridge City Capital LLC acquired a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 84,071 shares of the semiconductor company's stock, valued at approximately $3,022,000. Bridge City Capital LLC owned about 0.19% of Ultra Clean as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UCTT. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean during the 3rd quarter worth about $32,000. Nisa Investment Advisors LLC boosted its position in Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 490 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 acquiring an additional 854 shares during the last quarter. Quarry LP raised its holdings in Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 989 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in Ultra Clean by 139.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after acquiring an additional 1,386 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

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Ultra Clean Trading Down 1.8 %

Ultra Clean stock traded down $0.43 during trading on Thursday, reaching $23.17. The company had a trading volume of 470,374 shares, compared to its average volume of 392,499. 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 firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 289.66, a PEG ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a 12-month low of $22.40 and a 12-month high of $56.47. The stock's 50 day moving average price is $31.44 and its two-hundred day moving average price is $34.93.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Ultra Clean news, Director Ernest E. Maddock purchased 10,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $267,190. This represents a 1,000.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bill Bentinck acquired 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $25.17 per share, with a total value of $75,510.00. Following the completion of the purchase, the insider now owns 60,695 shares of the company's stock, 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. Corporate insiders own 2.20% of the company's stock.

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.