Bridge City Capital LLC Purchases Shares of 84,071 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Bridge City Capital LLC acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, HoldingsChannel reports. The fund acquired 84,071 shares of the semiconductor company’s stock, valued at approximately $3,022,000.

Several other large investors also recently modified their holdings of UCTT. Geode Capital Management LLC boosted its stake in Ultra Clean by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock worth $41,843,000 after acquiring an additional 10,501 shares in the last quarter. Boston Partners grew its stake in shares of Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after buying an additional 718,717 shares during the period. Royce & Associates LP increased its position in Ultra Clean by 2.1% in the 4th quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company’s stock valued at $33,350,000 after buying an additional 18,991 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Ultra Clean by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company’s stock worth $24,382,000 after buying an additional 30,935 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Ultra Clean by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock worth $20,209,000 after acquiring an additional 110,403 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Insider Activity

In related news, insider Bill Bentinck purchased 3,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This represents a 5.20 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ernest E. Maddock acquired 10,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were purchased at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $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.

Ultra Clean Price Performance

Shares of NASDAQ UCTT opened at $24.25 on Friday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 303.16, a PEG ratio of 0.51 and a beta of 2.20. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a fifty-two week low of $22.40 and a fifty-two week high of $56.47. The firm’s 50-day simple moving average is $32.47 and its 200 day simple moving average is $35.21.

Analyst Ratings Changes

Separately, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective 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.