Grace & White Inc. NY raised its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 95.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,450 shares of the semiconductor company’s stock after acquiring an additional 55,750 shares during the quarter. Grace & White Inc. NY owned 0.25% of Ultra Clean worth $2,583,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its holdings in Ultra Clean by 25.5% in the second quarter. Janney Montgomery Scott LLC now owns 26,706 shares of the semiconductor company’s stock valued at $603,000 after acquiring an additional 5,418 shares during the period. State of Alaska Department of Revenue lifted its holdings in Ultra Clean by 7.6% in the second quarter. State of Alaska Department of Revenue now owns 26,870 shares of the semiconductor company’s stock valued at $605,000 after acquiring an additional 1,902 shares during the period. GAMMA Investing LLC increased its position in shares of Ultra Clean by 220.1% in the second quarter. GAMMA Investing LLC now owns 4,356 shares of the semiconductor company’s stock valued at $98,000 after buying an additional 2,995 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Ultra Clean by 68.3% in the second quarter. Farther Finance Advisors LLC now owns 20,259 shares of the semiconductor company’s stock valued at $457,000 after buying an additional 8,225 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Ultra Clean by 13.3% in the second quarter. Harbor Capital Advisors Inc. now owns 450,603 shares of the semiconductor company’s stock valued at $10,170,000 after buying an additional 52,964 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
Ultra Clean Trading Down 8.4%
Ultra Clean stock opened at $25.53 on Friday. The stock has a market cap of $1.16 billion, a PE ratio of -7.55, a P/E/G ratio of 1.09 and a beta of 2.14. The stock has a 50-day moving average price of $25.23 and a 200 day moving average price of $22.82. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $41.84. The company has a current ratio of 3.06, a quick ratio of 1.86 and a debt-to-equity ratio of 0.59.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on UCTT shares. Weiss Ratings restated a “sell (d-)” rating on shares of Ultra Clean in a research report on Wednesday. Needham & Company LLC raised their price target on Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.67.
Read Our Latest Research Report on Ultra Clean
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.
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