Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock Acquires 10,000 Shares

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock purchased 10,000 shares of the stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $267,190. The trade was a 1,000.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Ultra Clean Stock Performance

Shares of NASDAQ UCTT traded down $0.72 during midday trading on Tuesday, reaching $22.98. 830,417 shares of the company traded hands, compared to its average volume of 382,290. Ultra Clean Holdings, Inc. has a 52 week low of $22.42 and a 52 week high of $56.47. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 287.29, a PEG ratio of 0.51 and a beta of 2.20. The stock has a 50-day moving average price of $34.82 and a 200 day moving average price of $36.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Ultra Clean in a research note on Thursday, March 6th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Ultra Clean by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock valued at $173,826,000 after buying an additional 129,616 shares in the last quarter. Shapiro Capital Management LLC lifted its position in shares of Ultra Clean by 66.8% in the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after purchasing an additional 1,099,899 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Ultra Clean by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company’s stock valued at $86,526,000 after purchasing an additional 77,307 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Ultra Clean by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock worth $41,843,000 after purchasing an additional 10,501 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Ultra Clean by 227.1% in the fourth quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock worth $37,625,000 after buying an additional 718,717 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

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.