New York State Common Retirement Fund Increases Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

New York State Common Retirement Fund grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 132.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,225 shares of the semiconductor company's stock after buying an additional 20,650 shares during the period. New York State Common Retirement Fund owned 0.08% of Ultra Clean worth $1,302,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean in the third quarter valued at approximately $32,000. Nisa Investment Advisors LLC increased its stake in shares of Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 490 shares during the last quarter. Quarry LP raised its holdings in shares of Ultra Clean by 447.5% during the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 989 shares during the period. KBC Group NV boosted its position in shares of Ultra Clean by 76.3% during the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company's stock valued at $92,000 after acquiring an additional 1,108 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of Ultra Clean by 306.8% in the third quarter. Meeder Asset Management Inc. now owns 3,466 shares of the semiconductor company's stock valued at $138,000 after purchasing an additional 2,614 shares during the period. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Ultra Clean Trading Down 2.5 %

Shares of NASDAQ UCTT traded down $0.60 during mid-day trading on Thursday, reaching $23.65. 314,717 shares of the company's stock were exchanged, compared to its average volume of 373,666. The company's 50-day moving average is $35.55 and its 200-day moving average is $36.32. 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 firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 297.47, a PEG ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 52-week low of $22.85 and a 52-week high of $56.47.

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.