Allspring Global Investments Holdings LLC Purchases 33,541 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Allspring Global Investments Holdings LLC grew its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 257.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,581 shares of the semiconductor company’s stock after purchasing an additional 33,541 shares during the period. Allspring Global Investments Holdings LLC owned about 0.10% of Ultra Clean worth $1,675,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UCTT. Assenagon Asset Management S.A. lifted its stake in Ultra Clean by 454.2% during the third quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company’s stock worth $13,380,000 after purchasing an additional 274,628 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Ultra Clean by 130.1% in the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after buying an additional 207,633 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Ultra Clean by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock worth $20,209,000 after buying an additional 110,403 shares during the period. Algert Global LLC increased its holdings in shares of Ultra Clean by 424.0% in the third quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company’s stock worth $3,397,000 after buying an additional 68,830 shares during the period. Finally, Barclays PLC increased its holdings in shares of Ultra Clean by 395.1% in the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after buying an additional 66,695 shares during the period. Institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

UCTT has been the topic of several analyst reports. TD Cowen decreased their price objective on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC decreased their price objective on Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th.

Ultra Clean Stock Down 3.8 %

Shares of NASDAQ:UCTT opened at $37.35 on Friday. Ultra Clean Holdings, Inc. has a 1 year low of $32.08 and a 1 year high of $56.47. The company has a market cap of $1.69 billion, a PE ratio of 466.93, a P/E/G ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The stock’s 50-day moving average is $37.17 and its 200 day moving average is $36.92.

Ultra Clean 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.