Ultra Clean (NASDAQ:UCTT – Get Free Report) had its target price dropped by analysts at Needham & Company LLC from $44.00 to $40.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 51.00% from the stock’s current price.
Separately, TD Cowen decreased their price target on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th.
Read Our Latest Research Report on UCTT
Ultra Clean Stock Up 2.3 %
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Ultra Clean in the fourth quarter worth about $26,000. Signaturefd LLC raised its position 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ultra Clean in the 3rd quarter worth approximately $32,000. Nisa Investment Advisors LLC grew its position in Ultra Clean by 107.0% during 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. Finally, Smartleaf Asset Management LLC increased its stake in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 854 shares in the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.
About Ultra Clean
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.
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