JPMorgan Chase & Co. Increases Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

JPMorgan Chase & Co. boosted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 556,556 shares of the semiconductor company's stock after acquiring an additional 50,449 shares during the quarter. JPMorgan Chase & Co. owned 1.24% of Ultra Clean worth $20,008,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Ultra Clean by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock worth $173,826,000 after acquiring an additional 129,616 shares during the period. Geode Capital Management LLC lifted its position in Ultra Clean by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company's stock valued at $41,843,000 after acquiring an additional 10,501 shares during the last quarter. Boston Partners boosted its holdings in 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 acquiring an additional 718,717 shares in the last quarter. Royce & Associates LP grew its stake in shares of Ultra Clean by 2.1% during the fourth quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company's stock worth $33,350,000 after acquiring an additional 18,991 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Ultra Clean by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company's stock valued at $24,382,000 after acquiring an additional 30,935 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Insider Activity

In other news, insider Bill Bentinck acquired 3,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was bought at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the purchase, the insider now owns 60,695 shares in the company, valued at approximately $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ernest E. Maddock bought 10,000 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the transaction, the director now owns 11,000 shares of the company's stock, valued at approximately $267,190. This represents a 1,000.00 % 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 Price Performance

Shares of UCTT stock traded down $0.90 during mid-day trading on Wednesday, hitting $18.86. 53,953 shares of the stock were exchanged, compared to its average volume of 421,493. The company has a market cap of $851.14 million, a PE ratio of 236.40, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 52-week low of $16.66 and a 52-week high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $26.34 and a 200 day moving average of $33.36.

Analysts Set New Price Targets

Several analysts have weighed in on UCTT shares. Oppenheimer dropped their target price on shares of Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 price objective on shares of Ultra Clean in a research note on Thursday, March 6th.

Ultra Clean Company Profile

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.