Insider Buying: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Buys $242,900.00 in Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock bought 10,000 shares of Ultra Clean stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the purchase, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Ultra Clean Price Performance

UCTT stock opened at $24.50 on Friday. The firm has a 50 day moving average of $34.33 and a 200-day moving average of $35.81. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 306.29, a PEG ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a 12-month low of $22.40 and a 12-month high of $56.47. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52.

Institutional Investors Weigh In On Ultra Clean

Several institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund increased its position 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 worth $1,302,000 after buying an additional 20,650 shares in the last quarter. Principal Financial Group Inc. increased its position in 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 in the last quarter. Barclays PLC raised its stake in Ultra Clean by 395.1% in the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock valued at $3,337,000 after purchasing an additional 66,695 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 854 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted 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. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.