Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock Purchases 10,000 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were bought at an average cost of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at $267,190. The trade was a 1,000.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Ultra Clean Price Performance

Shares of NASDAQ:UCTT opened at $22.98 on Wednesday. The firm has a 50 day moving average of $34.82 and a 200-day moving average of $36.00. The stock has a market capitalization of $1.04 billion, a PE ratio of 287.29, a PEG 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. Ultra Clean Holdings, Inc. has a 12 month low of $22.40 and a 12 month high of $56.47.

Institutional Investors Weigh In On Ultra Clean

A number of institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in shares of Ultra Clean in the 4th quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ultra Clean in the 3rd quarter worth $32,000. Nisa Investment Advisors LLC grew its stake in shares of Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 490 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 854 shares in the last quarter. Finally, Quarry LP grew its stake in shares of Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 989 shares in the last quarter. 96.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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