Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Short Interest Down 12.0% in February

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 977,300 shares, a drop of 12.0% from the January 31st total of 1,110,000 shares. Based on an average trading volume of 367,900 shares, the short-interest ratio is presently 2.7 days.

Institutional Investors Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UCTT. Headlands Technologies LLC purchased a new stake in Ultra Clean during the 4th quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ultra Clean during the 3rd quarter worth $32,000. Nisa Investment Advisors LLC increased its position in shares of Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 490 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 854 shares during the last quarter. Finally, Quarry LP increased its position in shares of Ultra Clean by 447.5% in the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 989 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

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

Ultra Clean Stock Performance

Ultra Clean stock opened at $25.32 on Friday. Ultra Clean has a 12-month low of $22.85 and a 12-month high of $56.47. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 316.54, a price-to-earnings-growth 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 firm’s fifty day moving average price is $35.28 and its 200 day moving average price is $36.23.

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.