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

by · The Cerbat Gem

Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report)’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.

View Our Latest Research Report on Ultra Clean

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

(Get Free Report)

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.

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