Janney Montgomery Scott LLC Has $727,000 Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Janney Montgomery Scott LLC grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,220 shares of the semiconductor company’s stock after buying an additional 2,343 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Ultra Clean were worth $727,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC grew its stake in shares of Ultra Clean by 465.5% in the 3rd quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean during the 3rd quarter worth about $32,000. Nisa Investment Advisors LLC lifted its holdings in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 490 shares during the last quarter. GAMMA Investing LLC boosted its position in Ultra Clean by 92.4% in the third quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 575 shares in the last quarter. Finally, Quarry LP grew its stake in Ultra Clean by 447.5% during the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after buying an additional 989 shares during the last quarter. 96.06% of the stock is owned by institutional investors.

Ultra Clean Price Performance

Shares of UCTT stock opened at $37.36 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 firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 467.06, a PEG ratio of 0.49 and a beta of 2.09. The firm’s 50 day moving average is $37.26 and its 200-day moving average is $37.33. Ultra Clean Holdings, Inc. has a 1 year low of $32.08 and a 1 year high of $56.47.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC reduced their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. TD Cowen reduced their price objective on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th.

Insider Buying and Selling at Ultra Clean

In other news, COO Harjinder Bajwa bought 10,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $33.75 per share, for a total transaction of $337,500.00. Following the completion of the transaction, the chief operating officer now directly owns 54,291 shares in the company, valued at $1,832,321.25. The trade was a 22.58 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.20% of the company’s stock.

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.