Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock Acquires 10,000 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) Director Ernest E. Maddock purchased 10,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now directly owns 11,000 shares of the company's stock, valued at approximately $267,190. The trade was a 1,000.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ultra Clean Stock Performance

Shares of NASDAQ UCTT traded down $0.72 during midday trading on Tuesday, reaching $22.98. 830,417 shares of the company traded hands, compared to its average volume of 382,290. Ultra Clean Holdings, Inc. has a 52 week low of $22.42 and a 52 week high of $56.47. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 287.29, a PEG ratio of 0.51 and a beta of 2.20. The stock has a 50-day moving average price of $34.82 and a 200 day moving average price of $36.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

Wall Street Analysts Forecast Growth

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

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Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Ultra Clean by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock valued at $173,826,000 after buying an additional 129,616 shares in the last quarter. Shapiro Capital Management LLC lifted its position in shares of Ultra Clean by 66.8% in the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock worth $98,736,000 after purchasing an additional 1,099,899 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ultra Clean by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company's stock valued at $86,526,000 after purchasing an additional 77,307 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ultra Clean by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company's stock worth $41,843,000 after purchasing an additional 10,501 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Ultra Clean by 227.1% in the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock worth $37,625,000 after buying an additional 718,717 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

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.

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