Versor Investments LP Reduces Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Versor Investments LP reduced its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 41.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,268 shares of the semiconductor company’s stock after selling 5,810 shares during the period. Versor Investments LP’s holdings in Ultra Clean were worth $297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Common Retirement Fund raised its stake in Ultra Clean by 132.6% in the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock valued at $1,302,000 after buying an additional 20,650 shares in the last quarter. Barclays PLC raised its position in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after acquiring an additional 66,695 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 110,403 shares in the last quarter. Moloney Securities Asset Management LLC purchased a new stake in Ultra Clean during the third quarter worth approximately $1,048,000. Finally, BNP Paribas Financial Markets boosted its holdings in Ultra Clean by 109.9% in the third quarter. BNP Paribas Financial Markets now owns 66,182 shares of the semiconductor company’s stock valued at $2,643,000 after purchasing an additional 34,645 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Stock Down 5.1 %

Ultra Clean stock opened at $23.34 on Tuesday. The company has a market capitalization of $1.05 billion, a P/E ratio of 291.79, a PEG ratio of 0.51 and a beta of 2.09. 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 $23.03 and a fifty-two week high of $56.47. The stock has a 50-day simple moving average of $36.31 and a 200-day simple moving average of $36.62.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC cut their price objective on shares of Ultra Clean from $44.00 to $40.00 and set a “buy” rating on the stock in a report on Tuesday, February 25th.

Ultra Clean 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.