Nisa Investment Advisors LLC increased its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 823.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,531 shares of the semiconductor company’s stock after purchasing an additional 4,932 shares during the period. Nisa Investment Advisors LLC’s holdings in Ultra Clean were worth $125,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in shares of Ultra Clean by 13.3% during the second quarter. Harbor Capital Advisors Inc. now owns 450,603 shares of the semiconductor company’s stock valued at $10,170,000 after purchasing an additional 52,964 shares during the period. Invesco Ltd. increased its position in shares of Ultra Clean by 62.9% during the first quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock valued at $36,005,000 after purchasing an additional 649,642 shares during the period. Strs Ohio bought a new stake in shares of Ultra Clean during the first quarter valued at approximately $407,000. Principal Financial Group Inc. increased its position in shares of Ultra Clean by 2.3% during the first quarter. Principal Financial Group Inc. now owns 224,935 shares of the semiconductor company’s stock valued at $4,816,000 after purchasing an additional 5,114 shares during the period. Finally, Goodman Financial Corp increased its position in shares of Ultra Clean by 18.0% during the first quarter. Goodman Financial Corp now owns 456,308 shares of the semiconductor company’s stock valued at $9,770,000 after purchasing an additional 69,657 shares during the period. 96.06% of the stock is currently owned by institutional investors.
Ultra Clean Price Performance
Ultra Clean stock opened at $26.10 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.86 and a current ratio of 3.21. The firm has a market cap of $1.18 billion, a P/E ratio of -7.31, a P/E/G ratio of 1.12 and a beta of 2.14. The business’s fifty day moving average is $27.13 and its two-hundred day moving average is $23.89. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $40.64.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Ultra Clean in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Ultra Clean in a research note on Wednesday, October 29th. Needham & Company LLC boosted their price target on Ultra Clean from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, TD Cowen boosted their price target on Ultra Clean from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ultra Clean has a consensus rating of “Moderate Buy” and a consensus target price of $33.33.
Check Out Our Latest Report 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.
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