Principal Financial Group Inc. Purchases 6,546 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Principal Financial Group Inc. boosted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,821 shares of the semiconductor company’s stock after buying an additional 6,546 shares during the period. Principal Financial Group Inc. owned about 0.49% of Ultra Clean worth $7,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning acquired a new stake in shares of Ultra Clean during the 3rd quarter valued at about $546,000. Allspring Global Investments Holdings LLC boosted its holdings in Ultra Clean by 1,073.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,040 shares of the semiconductor company’s stock valued at $521,000 after purchasing an additional 11,929 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Ultra Clean by 130.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock worth $14,663,000 after buying an additional 207,633 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in shares of Ultra Clean in the 3rd quarter worth approximately $1,048,000. Finally, Summit Global Investments bought a new position in shares of Ultra Clean during the 3rd quarter worth approximately $1,450,000. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC lowered their price target on Ultra Clean from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Tuesday, February 25th.

Ultra Clean Price Performance

Shares of Ultra Clean stock opened at $24.60 on Friday. Ultra Clean Holdings, Inc. has a 1-year low of $23.89 and a 1-year high of $56.47. The firm’s 50-day moving average price is $36.31 and its two-hundred day moving average price is $36.63. 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 has a market capitalization of $1.11 billion, a price-to-earnings ratio of 307.54, a P/E/G ratio of 0.51 and a beta of 2.09.

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.