Ultra Clean (NASDAQ:UCTT) Sees Large Volume Increase - Time to Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) saw strong trading volume on Wednesday . 452,210 shares changed hands during trading, an increase of 20% from the previous session's volume of 375,810 shares.The stock last traded at $26.46 and had previously closed at $25.90.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC lowered their target price on Ultra Clean from $44.00 to $40.00 and set a "buy" rating on the stock in a research note on Tuesday, February 25th.

Ultra Clean Stock Down 1.4 %

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 stock has a market cap of $1.11 billion, a PE ratio of 307.54, a P/E/G ratio of 0.51 and a beta of 2.09. The business has a 50 day moving average price of $36.31 and a 200 day moving average price of $36.63.

Hedge Funds Weigh In On Ultra Clean

Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in Ultra Clean during the fourth quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ultra Clean during the third quarter worth approximately $32,000. Nisa Investment Advisors LLC boosted its position in Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 490 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after purchasing an additional 854 shares in the last quarter. Finally, Quarry LP boosted its position in Ultra Clean by 447.5% during the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 989 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

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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.