Ultra Clean (NASDAQ:UCTT) Hits New 12-Month Low – What’s Next?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $22.64 and last traded at $23.14, with a volume of 59693 shares. The stock had previously closed at $23.70.

Analysts Set New Price Targets

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

Ultra Clean Trading Up 7.0 %

The stock has a market cap of $1.11 billion, a P/E ratio of 307.29, a P/E/G ratio of 0.51 and a beta of 2.20. 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 company has a 50-day moving average price of $34.56 and a two-hundred day moving average price of $35.89.

Insider Activity

In other Ultra Clean news, insider Bill Bentinck acquired 3,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were bought at an average price of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. The trade was a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ernest E. Maddock acquired 10,000 shares of the business’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 transaction, the director now directly owns 11,000 shares in the company, valued at $267,190. The trade was a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Ultra Clean

Several hedge funds have recently bought and sold shares of the business. Alpha Wealth Funds LLC bought a new position in Ultra Clean in the 4th quarter valued at $356,000. AWM Investment Company Inc. grew its position in shares of Ultra Clean by 22.0% during the 4th quarter. AWM Investment Company Inc. now owns 184,917 shares of the semiconductor company’s stock worth $6,648,000 after buying an additional 33,300 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Ultra Clean during the 4th quarter worth $291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ultra Clean by 6.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,089 shares of the semiconductor company’s stock worth $2,592,000 after buying an additional 4,194 shares in the last quarter. Finally, Twinbeech Capital LP bought a new position in shares of Ultra Clean during the 4th quarter worth $529,000. Institutional investors own 96.06% of the company’s stock.

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.