Ernest E. Maddock Purchases 10,000 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Director Ernest E. Maddock bought 10,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were acquired at an average price of $24.29 per share, with a total value of $242,900.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Ultra Clean Stock Down 3.0 %

Shares of Ultra Clean stock opened at $22.98 on Wednesday. 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 company’s fifty day simple moving average is $34.82 and its two-hundred day simple moving average is $36.00. The company has a market cap of $1.04 billion, a P/E ratio of 287.29, a PEG 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.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Ultra Clean

A number of hedge funds have recently bought and sold shares of UCTT. Ellevest Inc. lifted its stake in shares of Ultra Clean by 3.5% in the 4th quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company’s stock worth $477,000 after purchasing an additional 445 shares during the period. Bank of Montreal Can boosted its position in shares of Ultra Clean by 6.4% during the 4th quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company’s stock valued at $286,000 after acquiring an additional 478 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after buying an additional 490 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its position in shares of Ultra Clean by 5.5% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 12,182 shares of the semiconductor company’s stock worth $438,000 after purchasing an additional 631 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Ultra Clean by 58.1% during the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 703 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

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.