Delphi Management Inc. MA Boosts Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Delphi Management Inc. MA lifted its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 606.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,256 shares of the semiconductor company's stock after purchasing an additional 34,556 shares during the period. Delphi Management Inc. MA owned about 0.09% of Ultra Clean worth $1,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Ultra Clean by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company's stock worth $41,843,000 after acquiring an additional 10,501 shares in the last quarter. Royce & Associates LP increased its stake in shares of Ultra Clean by 2.1% in the fourth quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company's stock worth $33,350,000 after purchasing an additional 18,991 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Ultra Clean by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company's stock valued at $24,382,000 after purchasing an additional 30,935 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Ultra Clean by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock valued at $20,209,000 after buying an additional 110,403 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in Ultra Clean by 7.3% in the 4th quarter. First Eagle Investment Management LLC now owns 400,939 shares of the semiconductor company's stock worth $14,414,000 after buying an additional 27,300 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

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Analyst Ratings Changes

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

Ultra Clean Price Performance

Shares of NASDAQ:UCTT traded down $0.43 on Friday, reaching $24.25. The company's stock had a trading volume of 637,095 shares, compared to its average volume of 389,093. The company has a 50-day simple moving average of $32.73 and a 200 day simple moving average of $35.30. Ultra Clean Holdings, Inc. has a 52-week low of $22.40 and a 52-week high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The company has a market cap of $1.09 billion, a P/E ratio of 303.16, a PEG ratio of 0.51 and a beta of 2.20.

Insider Activity

In other news, Director Ernest E. Maddock purchased 10,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the acquisition, the director now owns 11,000 shares of the company's stock, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bill Bentinck acquired 3,000 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of $25.17 per share, with a total value of $75,510.00. Following the purchase, the insider now 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. Corporate insiders own 2.20% of the company's stock.

Ultra Clean 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.