Moloney Securities Asset Management LLC Lowers Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Moloney Securities Asset Management LLC trimmed its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,331 shares of the semiconductor company's stock after selling 12,925 shares during the period. Moloney Securities Asset Management LLC's holdings in Ultra Clean were worth $479,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Truist Financial Corp grew its position in Ultra Clean by 4.6% during the 2nd quarter. Truist Financial Corp now owns 7,080 shares of the semiconductor company's stock worth $347,000 after acquiring an additional 310 shares during the last quarter. GAMMA Investing LLC grew its position in Ultra Clean by 92.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 575 shares during the last quarter. CWM LLC grew its position in Ultra Clean by 204.3% during the 3rd quarter. CWM LLC now owns 2,434 shares of the semiconductor company's stock worth $97,000 after acquiring an additional 1,634 shares during the last quarter. Creative Planning bought a new position in Ultra Clean during the 3rd quarter worth approximately $546,000. Finally, Teamwork Financial Advisors LLC bought a new position in Ultra Clean during the 3rd quarter worth approximately $327,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Trading Down 2.0 %

Shares of UCTT stock traded down $0.77 during trading hours on Friday, reaching $36.95. The company's stock had a trading volume of 227,064 shares, compared to its average volume of 320,465. The stock has a market capitalization of $1.67 billion, a P/E ratio of 461.93, a P/E/G ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a one year low of $32.08 and a one year high of $56.47. The firm's fifty day simple moving average is $37.09 and its 200 day simple moving average is $36.96. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UCTT shares. Needham & Company LLC reduced their price target on Ultra Clean from $50.00 to $44.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th. TD Cowen cut their price objective on Ultra Clean from $60.00 to $57.00 and set a "buy" rating on the stock in a research report on Tuesday, October 29th.

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.