Free Trial

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

Ultra Clean logo with Computer and Technology background
Remove Ads

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.

Get Our Latest Stock Analysis on Ultra Clean

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

(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.

See Also

Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

Should You Invest $1,000 in Ultra Clean Right Now?

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

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

SMCI’s Rally Isn’t Over – Here’s Why It Could Hit $100!
7 Flying Car Stocks to Buy Before the Sector Really Takes Off
Institutions Are Dumping These 3 Stocks—Should You?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads