Ultra Clean (NASDAQ:UCTT) Hits New 52-Week Low – Here’s Why

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares hit a new 52-week low during trading on Friday . The stock traded as low as $22.30 and last traded at $22.41, with a volume of 98080 shares. The stock had previously closed at $23.17.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Ultra Clean in a research report on Thursday, March 6th.

Ultra Clean Stock Down 4.5 %

The company’s 50 day moving average price is $31.44 and its two-hundred day moving average price is $34.93. 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 firm has a market cap of $998.73 million, a PE ratio of 277.21, a PEG ratio of 0.51 and a beta of 2.20.

Insider Activity at Ultra Clean

In other news, Director Ernest E. Maddock purchased 10,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost 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 in the company, valued at $267,190. This trade represents a 1,000.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bill Bentinck acquired 3,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average price 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 in the company, 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.

Institutional Trading of Ultra Clean

Institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Ultra Clean in the fourth quarter worth about $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ultra Clean in the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC raised its holdings in shares of Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 490 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Ultra Clean by 694.3% during the 4th 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 during the last quarter. Finally, Quarry LP grew its holdings in shares of Ultra Clean by 447.5% in the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock valued at $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.

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.