Royce & Associates LP increased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927,688 shares of the semiconductor company's stock after acquiring an additional 18,991 shares during the period. Royce & Associates LP owned approximately 2.06% of Ultra Clean worth $33,350,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Ultra Clean in the third quarter valued at $32,000. Nisa Investment Advisors LLC increased its holdings in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 490 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 854 shares in the last quarter. Quarry LP lifted its holdings in shares of Ultra Clean by 447.5% in the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 989 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Ultra Clean by 139.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company's stock valued at $86,000 after purchasing an additional 1,386 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Ultra Clean in a research report on Thursday, March 6th.
Read Our Latest Stock Analysis on Ultra Clean
Insider Activity
In related news, Director Ernest E. Maddock acquired 10,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bill Bentinck acquired 3,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the purchase, the insider now directly owns 60,695 shares of the company's stock, valued at $1,527,693.15. The trade was a 5.20 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company's stock.
Ultra Clean Trading Up 0.4 %
NASDAQ UCTT traded up $0.09 during mid-day trading on Monday, reaching $25.34. 435,405 shares of the stock were exchanged, compared to its average volume of 384,179. The stock has a market capitalization of $1.14 billion, a PE ratio of 316.79, a PEG ratio of 0.51 and a beta of 2.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a 1-year low of $22.40 and a 1-year high of $56.47. The business's fifty day simple moving average is $33.57 and its 200 day simple moving average is $35.54.
About Ultra Clean
(
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.
Further Reading
Before you consider Ultra Clean, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ultra Clean wasn't on the list.
While Ultra Clean currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
