Goldman Sachs Group Inc. trimmed its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 25.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 232,688 shares of the semiconductor company’s stock after selling 78,424 shares during the period. Goldman Sachs Group Inc. owned 0.52% of Ultra Clean worth $4,982,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Ultra Clean by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,847,408 shares of the semiconductor company’s stock valued at $103,783,000 after acquiring an additional 12,180 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Ultra Clean by 62.9% during the 1st quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock valued at $36,005,000 after acquiring an additional 649,642 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Ultra Clean by 15.2% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 758,200 shares of the semiconductor company’s stock valued at $16,233,000 after acquiring an additional 100,000 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Ultra Clean by 41.3% during the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company’s stock valued at $25,686,000 after acquiring an additional 208,910 shares in the last quarter. Finally, Goodman Financial Corp grew its holdings in shares of Ultra Clean by 18.0% during the 1st quarter. Goodman Financial Corp now owns 456,308 shares of the semiconductor company’s stock valued at $9,770,000 after acquiring an additional 69,657 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.
Ultra Clean Stock Up 1.5%
UCTT stock opened at $26.11 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.86. Ultra Clean Holdings, Inc. has a 52-week low of $16.66 and a 52-week high of $41.90. The company has a 50-day moving average of $23.98 and a two-hundred day moving average of $22.38. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -7.72, a price-to-earnings-growth ratio of 1.01 and a beta of 2.14.
Wall Street Analyst Weigh In
Separately, Needham & Company LLC boosted their price target on shares of Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Ultra Clean presently has a consensus rating of “Buy” and an average target price of $30.67.
View Our Latest Stock Analysis on Ultra Clean
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.
Recommended Stories
- Five stocks we like better than Ultra Clean
- What is a buyback in stocks? A comprehensive guide for investors
- Is It Time to Trim Your Positions in These 2 AI Stocks?
- Why Are These Companies Considered Blue Chips?
- These 3 Tech Stocks Just Supercharged Their Buybacks
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 Dividend Stocks to Hold Through Market Volatility This Fall
Receive News & Ratings for Ultra Clean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultra Clean and related companies with MarketBeat.com's FREE daily email newsletter.