Ultra Clean (NASDAQ:UCTT) Sets New 12-Month Low - Should You Sell?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $20.42 and last traded at $21.92, with a volume of 507806 shares traded. The stock had previously closed at $21.00.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of Ultra Clean in a research note on Thursday, March 6th.

Ultra Clean Trading Up 1.0 %

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 $833.59 million, a PE ratio of 230.90, a P/E/G ratio of 0.51 and a beta of 2.14. The stock's 50-day simple moving average is $29.03 and its 200-day simple moving average is $34.28.

Insider Activity at Ultra Clean

In other news, insider Bill Bentinck purchased 3,000 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, the insider now directly owns 60,695 shares of the company's stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ernest E. Maddock purchased 10,000 shares of Ultra Clean stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the purchase, the director now owns 11,000 shares of the company's stock, valued at $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new position in shares of Ultra Clean during the fourth quarter valued at $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Ultra Clean during the third quarter valued at approximately $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock valued at $34,000 after buying an additional 490 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 854 shares in the last quarter. Finally, Quarry LP raised its holdings in Ultra Clean by 447.5% in 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 last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

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.