39,379 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. bought a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,379 shares of the semiconductor company’s stock, valued at approximately $1,416,000.

Several other large investors have also added to or reduced their stakes in UCTT. Creative Planning acquired a new position in Ultra Clean during the third quarter worth $546,000. Moloney Securities Asset Management LLC acquired a new position in Ultra Clean during the third quarter worth $1,048,000. Summit Global Investments acquired a new position in Ultra Clean during the third quarter worth $1,450,000. Weil Company Inc. boosted its holdings in Ultra Clean by 18.2% during the third quarter. Weil Company Inc. now owns 30,682 shares of the semiconductor company’s stock worth $1,225,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new position in Ultra Clean during the third quarter worth $229,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC cut their price target on shares of Ultra Clean from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $23.34 on Tuesday. The stock has a market cap of $1.05 billion, a P/E ratio of 291.79, a P/E/G ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The company has a fifty day moving average price of $36.31 and a two-hundred day moving average price of $36.62. Ultra Clean Holdings, Inc. has a one year low of $23.03 and a one year high of $56.47.

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.