Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Short Interest Update

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 977,300 shares, a decrease of 12.0% from the January 31st total of 1,110,000 shares. Based on an average daily volume of 367,900 shares, the days-to-cover ratio is currently 2.7 days.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Ultra Clean in a research report on Thursday.

Institutional Investors Weigh In On Ultra Clean

Several hedge funds have recently modified their holdings of UCTT. New York State Common Retirement Fund lifted its holdings in Ultra Clean by 132.6% during the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock valued at $1,302,000 after purchasing an additional 20,650 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Ultra Clean by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock worth $7,903,000 after purchasing an additional 6,546 shares during the last quarter. Barclays PLC boosted its holdings in Ultra Clean by 395.1% in the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after buying an additional 66,695 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ultra Clean by 27.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock worth $20,209,000 after buying an additional 110,403 shares during the last quarter. Finally, Moloney Securities Asset Management LLC purchased a new stake in Ultra Clean during the 3rd quarter worth approximately $1,048,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Stock Up 2.0 %

Ultra Clean stock opened at $24.25 on Thursday. Ultra Clean has a fifty-two week low of $22.85 and a fifty-two week high of $56.47. The company has a market cap of $1.09 billion, a PE ratio of 303.16, a PEG ratio of 0.51 and a beta of 2.09. 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 business’s 50-day simple moving average is $35.79 and its two-hundred day simple moving average is $36.40.

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.