Invesco Ltd. Sells 37,218 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Invesco Ltd. trimmed its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,032,033 shares of the semiconductor company's stock after selling 37,218 shares during the quarter. Invesco Ltd. owned 2.29% of Ultra Clean worth $37,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of UCTT. Jane Street Group LLC raised its holdings in shares of Ultra Clean by 171.1% in the third quarter. Jane Street Group LLC now owns 98,459 shares of the semiconductor company's stock valued at $3,931,000 after buying an additional 62,134 shares during the last quarter. Barclays PLC boosted its position in shares of Ultra Clean by 395.1% during the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock worth $3,337,000 after purchasing an additional 66,695 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ultra Clean by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company's stock worth $41,843,000 after acquiring an additional 10,501 shares in the last quarter. Virtu Financial LLC bought a new position in Ultra Clean in the third quarter valued at approximately $309,000. Finally, JPMorgan Chase & Co. increased its holdings in Ultra Clean by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock worth $20,209,000 after purchasing an additional 110,403 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Oppenheimer reduced their target price on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Needham & Company LLC restated a "buy" rating and set a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th.

Ultra Clean Price Performance

UCTT stock traded down $0.15 during midday trading on Friday, reaching $18.63. The company had a trading volume of 366,181 shares, compared to its average volume of 425,809. The company has a market capitalization of $840.81 million, a price-to-earnings ratio of 232.90, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. 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 1-year low of $16.66 and a 1-year high of $56.47. The stock has a 50 day moving average price of $25.18 and a 200-day moving average price of $32.93.

Insider Buying and Selling

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

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.