GAMMA Investing LLC boosted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 220.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,356 shares of the semiconductor company’s stock after purchasing an additional 2,995 shares during the quarter. GAMMA Investing LLC’s holdings in Ultra Clean were worth $98,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Byrne Asset Management LLC purchased a new position in Ultra Clean during the 1st quarter valued at approximately $25,000. Versant Capital Management Inc grew its holdings in Ultra Clean by 386.9% during the 1st quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 1,122 shares in the last quarter. Brooklyn Investment Group purchased a new position in Ultra Clean during the 1st quarter valued at approximately $33,000. AlphaQuest LLC grew its holdings in Ultra Clean by 1,321.9% during the 1st quarter. AlphaQuest LLC now owns 2,403 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 2,234 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Ultra Clean by 481.4% during the 1st quarter. Russell Investments Group Ltd. now owns 2,744 shares of the semiconductor company’s stock valued at $59,000 after buying an additional 2,272 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.
Ultra Clean Price Performance
UCTT opened at $29.36 on Thursday. The business has a fifty day moving average of $24.60 and a 200 day moving average of $22.66. Ultra Clean Holdings, Inc. has a 52-week low of $16.66 and a 52-week high of $41.84. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.33 billion, a P/E ratio of -8.69, a PEG ratio of 1.07 and a beta of 2.14.
Analyst Ratings Changes
Separately, Needham & Company LLC raised their price target on Ultra Clean from $26.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ultra Clean currently has an average rating of “Buy” and an average price target of $30.67.
Check Out Our Latest Analysis on Ultra Clean
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.
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