Moloney Securities Asset Management LLC Trims Stock Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Moloney Securities Asset Management LLC lessened its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 49.2% in the fourth quarter, HoldingsChannel reports. The firm owned 13,331 shares of the semiconductor company’s stock after selling 12,925 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Ultra Clean were worth $479,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Ultra Clean by 454.2% during the third quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company’s stock worth $13,380,000 after purchasing an additional 274,628 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Ultra Clean by 130.1% during the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after buying an additional 207,633 shares during the period. JPMorgan Chase & Co. boosted its stake 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. Algert Global LLC grew its holdings in Ultra Clean by 424.0% in the 3rd quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company’s stock valued at $3,397,000 after buying an additional 68,830 shares during the period. Finally, Barclays PLC increased its stake in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock valued at $3,337,000 after acquiring an additional 66,695 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Stock Performance

NASDAQ UCTT opened at $38.76 on Tuesday. The business’s 50-day simple moving average is $37.20 and its 200-day simple moving average is $37.06. The firm has a market capitalization of $1.75 billion, a P/E ratio of 484.56, a P/E/G ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1-year low of $32.08 and a 1-year high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

Insider Buying and Selling at Ultra Clean

In related news, COO Harjinder Bajwa acquired 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were bought at an average cost of $34.83 per share, with a total value of $522,450.00. Following the completion of the transaction, the chief operating officer now directly owns 44,291 shares of the company’s stock, valued at $1,542,655.53. This trade represents a 51.21 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Needham & Company LLC decreased their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. TD Cowen decreased their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th.

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.