Victory Capital Management Inc. Trims Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Victory Capital Management Inc. lessened its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,103 shares of the semiconductor company’s stock after selling 18,722 shares during the period. Victory Capital Management Inc. owned about 0.09% of Ultra Clean worth $1,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund grew its holdings in shares of Ultra Clean by 132.6% during 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 acquiring an additional 20,650 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 854 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Ultra Clean by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock worth $7,903,000 after acquiring an additional 6,546 shares during the period. Barclays PLC grew its holdings in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after acquiring an additional 66,695 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Ultra Clean by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock worth $20,209,000 after acquiring an additional 110,403 shares during the period. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

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

Ultra Clean Stock Performance

UCTT stock opened at $24.91 on Wednesday. The stock has a market capitalization of $1.12 billion, a PE ratio of 311.41, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a 12-month low of $22.40 and a 12-month high of $56.47. 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 stock’s 50 day simple moving average is $33.29 and its 200 day simple moving average is $35.45.

Insider Activity at Ultra Clean

In other news, insider Bill Bentinck purchased 3,000 shares of the 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 acquisition, the insider now directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 cost of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.20% of the stock is currently owned by insiders.

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.