Ultra Clean (NASDAQ:UCTT) Hits New 12-Month Low – Should You Sell?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $20.42 and last traded at $21.92, with a volume of 507806 shares traded. The stock had previously closed at $21.00.

Wall Street Analysts Forecast Growth

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

Ultra Clean Stock Performance

The company has a 50 day moving average of $30.08 and a two-hundred day moving average of $34.60. 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 market capitalization of $989.29 million, a PE ratio of 274.03, a PEG ratio of 0.51 and a beta of 2.14.

Insider Transactions at Ultra Clean

In other Ultra Clean news, Director Ernest E. Maddock acquired 10,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now owns 11,000 shares in the company, valued at $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bill Bentinck bought 3,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were acquired at an average cost of $25.17 per share, with a total value of $75,510.00. Following the purchase, the insider now directly owns 60,695 shares of the company’s stock, valued at approximately $1,527,693.15. This represents a 5.20 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ultra Clean

A number of institutional investors have recently modified their holdings of the stock. Alpha Wealth Funds LLC bought a new position in Ultra Clean in the 4th quarter worth about $356,000. AWM Investment Company Inc. raised its holdings in Ultra Clean by 22.0% in the fourth 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 during the last quarter. PharVision Advisers LLC bought a new position in shares of Ultra Clean in the fourth quarter worth approximately $291,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ultra Clean by 6.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,089 shares of the semiconductor company’s stock valued at $2,592,000 after buying an additional 4,194 shares during the last quarter. Finally, Twinbeech Capital LP bought a new stake in shares of Ultra Clean during the fourth quarter valued at approximately $529,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

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.