Bank of New York Mellon Corp Sells 4,561 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Bank of New York Mellon Corp lessened its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 297,803 shares of the semiconductor company’s stock after selling 4,561 shares during the quarter. Bank of New York Mellon Corp owned about 0.66% of Ultra Clean worth $10,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund raised its stake in Ultra Clean by 132.6% in the 4th quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock worth $1,302,000 after purchasing an additional 20,650 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ultra Clean by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock worth $7,903,000 after purchasing an additional 6,546 shares during the period. Rhumbline Advisers raised its position in shares of Ultra Clean by 0.9% in the fourth quarter. Rhumbline Advisers now owns 127,713 shares of the semiconductor company’s stock valued at $4,591,000 after buying an additional 1,131 shares in the last quarter. Legato Capital Management LLC bought a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $777,000. Finally, Allspring Global Investments Holdings LLC grew its position in Ultra Clean by 257.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,581 shares of the semiconductor company’s stock worth $1,675,000 after buying an additional 33,541 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of Ultra Clean stock opened at $24.50 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.11 billion, a PE ratio of 306.29, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. The company has a 50 day moving average of $34.33 and a 200-day moving average of $35.81. Ultra Clean Holdings, Inc. has a 1-year low of $22.40 and a 1-year high of $56.47.

Insiders Place Their Bets

In other news, insider Bill Bentinck purchased 3,000 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of $25.17 per share, with a total value of $75,510.00. Following the completion of the purchase, the insider now owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This trade represents a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ernest E. Maddock purchased 10,000 shares of Ultra Clean stock in a transaction dated Friday, March 7th. The shares were purchased at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now 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 disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.