Ultra Clean (NASDAQ:UCTT) Reaches New 52-Week Low Following Analyst Downgrade

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday after Needham & Company LLC lowered their price target on the stock from $44.00 to $40.00. Needham & Company LLC currently has a buy rating on the stock. Ultra Clean traded as low as $31.87 and last traded at $27.34, with a volume of 3585 shares. The stock had previously closed at $36.06.

Separately, 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 report on Tuesday, October 29th.

Institutional Trading of Ultra Clean

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Ultra Clean by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock valued at $173,826,000 after purchasing an additional 129,616 shares during the period. Shapiro Capital Management LLC increased its holdings in shares of Ultra Clean by 66.8% in the 4th quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock valued at $98,736,000 after purchasing an additional 1,099,899 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Ultra Clean by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company's stock valued at $86,526,000 after purchasing an additional 77,307 shares during the period. Geode Capital Management LLC increased its holdings in shares of 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 valued at $41,843,000 after purchasing an additional 10,501 shares during the period. Finally, Boston Partners increased its holdings in shares of Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock valued at $37,625,000 after purchasing an additional 718,717 shares during the period. Institutional investors and hedge funds own 96.06% of the company's stock.

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Ultra Clean Stock Down 1.4 %

The company has a market cap of $1.11 billion, a price-to-earnings ratio of 307.54, a P/E/G ratio of 0.51 and a beta of 2.09. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $36.51 and a two-hundred day moving average price of $36.71.

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.