Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) insider Bill Bentinck purchased 3,000 shares of the stock in a transaction on Friday, March 7th. The stock was bought at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, the insider now directly owns 60,695 shares of the company's stock, valued at approximately $1,527,693.15. This trade represents a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ultra Clean Stock Down 3.0 %
Shares of UCTT opened at $22.98 on Wednesday. The company 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. The stock's 50-day moving average price is $34.82 and its two-hundred day moving average price is $36.00. 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
Institutional investors and hedge funds have recently made changes to their positions in the business. Headlands Technologies LLC bought a new stake in shares of Ultra Clean in the 4th quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ultra Clean in the third quarter valued at approximately $32,000. Nisa Investment Advisors LLC increased its holdings in Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company's stock valued at $34,000 after buying an additional 490 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Ultra Clean by 694.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 854 shares during the last quarter. Finally, Quarry LP boosted its holdings in Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 989 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.
Analysts Set New Price Targets
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Ultra Clean in a research note on Thursday, March 6th.
Get Our Latest Research Report on Ultra Clean
Ultra Clean Company Profile
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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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