Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,103 shares of the semiconductor company's stock after selling 18,722 shares during the quarter. Victory Capital Management Inc. owned 0.09% of Ultra Clean worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Ultra Clean by 1.0% during 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 acquiring an additional 10,501 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ultra Clean by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company's stock worth $24,382,000 after buying an additional 30,935 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Ultra Clean by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company's stock worth $20,209,000 after purchasing an additional 110,403 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Ultra Clean by 2.4% during the 4th quarter. Harbor Capital Advisors Inc. now owns 376,041 shares of the semiconductor company's stock worth $13,519,000 after purchasing an additional 8,829 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of Ultra Clean by 42.3% during the 4th quarter. Fisher Asset Management LLC now owns 225,469 shares of the semiconductor company's stock worth $8,106,000 after purchasing an additional 67,059 shares during the last quarter. Institutional investors own 96.06% of the company's stock.

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Ultra Clean Price Performance

Shares of NASDAQ UCTT traded down $0.43 during midday trading on Friday, hitting $24.25. The stock had a trading volume of 637,095 shares, compared to its average volume of 389,238. The company has a market capitalization of $1.09 billion, a PE ratio of 303.16, a P/E/G ratio of 0.51 and a beta of 2.20. The stock has a 50 day simple moving average of $32.47 and a 200-day simple moving average of $35.21. Ultra Clean Holdings, Inc. has a 1 year low of $22.40 and a 1 year high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Ultra Clean 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.