Royce & Associates LP Grows Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Royce & Associates LP grew its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 927,688 shares of the semiconductor company's stock after purchasing an additional 18,991 shares during the quarter. Royce & Associates LP owned approximately 2.06% of Ultra Clean worth $33,350,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Ultra Clean during the fourth quarter valued at approximately $3,988,000. JPMorgan Chase & Co. raised its holdings in Ultra Clean by 27.9% in 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 during the period. Algert Global LLC lifted its position in Ultra Clean by 424.0% during the third quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company's stock valued at $3,397,000 after purchasing an additional 68,830 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Ultra Clean by 42.3% during the fourth quarter. Fisher Asset Management LLC now owns 225,469 shares of the semiconductor company's stock valued at $8,106,000 after purchasing an additional 67,059 shares during the period. Finally, Barclays PLC increased its position in Ultra Clean by 395.1% in the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock worth $3,337,000 after buying an additional 66,695 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Remove Ads

Insiders Place Their Bets

In related news, insider Bill Bentinck purchased 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, for a total transaction of $75,510.00. Following the purchase, the insider now directly owns 60,695 shares in the company, valued at $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ernest E. Maddock acquired 10,000 shares of the company's stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $24.29 per share, with a total value of $242,900.00. Following the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. The trade was 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 corporate insiders.

Wall Street Analyst Weigh In

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

Ultra Clean Price Performance

Ultra Clean stock traded down $0.44 during mid-day trading on Tuesday, hitting $24.90. The stock had a trading volume of 317,184 shares, compared to its average volume of 385,800. Ultra Clean Holdings, Inc. has a one year low of $22.40 and a one year high of $56.47. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.12 billion, a P/E ratio of 313.26, a P/E/G ratio of 0.51 and a beta of 2.20. The firm's 50 day moving average is $33.57 and its 200 day moving average is $35.54.

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.