Ultra Clean (NASDAQ:UCTT - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $40.00 price objective on the semiconductor company's stock. Needham & Company LLC's price target indicates a potential upside of 68.78% from the company's current price.
Ultra Clean Price Performance
Shares of UCTT stock traded down $1.62 during trading hours on Thursday, hitting $23.70. 885,404 shares of the company's stock were exchanged, compared to its average volume of 380,481. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean has a 12-month low of $20.45 and a 12-month high of $56.47. The business's 50 day simple moving average is $35.06 and its 200-day simple moving average is $36.09. The company has a market capitalization of $1.07 billion, a PE ratio of 296.29, a PEG ratio of 0.51 and a beta of 2.20.
Institutional Trading of Ultra Clean
A number of hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in Ultra Clean in the 4th quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ultra Clean in the third quarter worth about $32,000. Nisa Investment Advisors LLC lifted 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 worth $34,000 after buying an additional 490 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 854 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Ultra Clean by 447.5% during the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 989 shares in the last quarter. 96.06% of the stock is owned by institutional investors.
About Ultra Clean
(
Get Free Report)
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.
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