Versor Investments LP Lowers Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Versor Investments LP trimmed its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 41.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,268 shares of the semiconductor company’s stock after selling 5,810 shares during the quarter. Versor Investments LP’s holdings in Ultra Clean were worth $297,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Creative Planning purchased a new stake in Ultra Clean during the 3rd quarter valued at approximately $546,000. Moloney Securities Asset Management LLC acquired a new position in shares of Ultra Clean in the third quarter valued at approximately $1,048,000. Summit Global Investments purchased a new stake in shares of Ultra Clean during the third quarter worth approximately $1,450,000. Weil Company Inc. raised its stake in shares of Ultra Clean by 18.2% during the third quarter. Weil Company Inc. now owns 30,682 shares of the semiconductor company’s stock worth $1,225,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Ultra Clean during the third quarter worth $229,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ultra Clean Stock Performance

NASDAQ UCTT opened at $23.34 on Tuesday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 291.79, a PEG ratio of 0.51 and a beta of 2.09. The business’s 50 day moving average is $36.31 and its two-hundred day moving average is $36.62. Ultra Clean Holdings, Inc. has a 12-month low of $23.03 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.

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.