Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Sees Large Decline in Short Interest

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 977,300 shares, a decline of 12.0% from the January 31st total of 1,110,000 shares. Based on an average trading volume of 367,900 shares, the short-interest ratio is presently 2.7 days.

Ultra Clean Trading Down 6.4 %

NASDAQ:UCTT traded down $1.62 on Monday, reaching $23.70. The company's stock had a trading volume of 885,404 shares, compared to its average volume of 380,481. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 296.29, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. The company has a quick ratio of 1.63, a current ratio of 2.75 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 stock has a 50 day moving average price of $35.06 and a 200 day moving average price of $36.09.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund lifted its holdings in shares of Ultra Clean by 132.6% in the 4th quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company's stock worth $1,302,000 after acquiring an additional 20,650 shares during the last quarter. Principal Financial Group Inc. raised its position in Ultra Clean by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company's stock valued at $7,903,000 after purchasing an additional 6,546 shares during the period. Barclays PLC lifted its stake in Ultra Clean by 395.1% during the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock worth $3,337,000 after purchasing an additional 66,695 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ultra Clean by 27.9% during the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock worth $20,209,000 after buying an additional 110,403 shares during the period. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of Ultra Clean in the third quarter valued at $1,048,000. Institutional investors and hedge funds own 96.06% of the company's stock.

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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.

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.