Foundations Investment Advisors LLC Invests $221,000 in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Foundations Investment Advisors LLC bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,161 shares of the semiconductor company’s stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its position in shares of Ultra Clean by 454.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company’s stock worth $13,380,000 after acquiring an additional 274,628 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Ultra Clean by 130.1% during the third 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. JPMorgan Chase & Co. increased its holdings in Ultra Clean by 27.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock valued at $20,209,000 after buying an additional 110,403 shares during the period. Algert Global LLC raised its stake in shares of Ultra Clean by 424.0% in the 3rd quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company’s stock valued at $3,397,000 after buying an additional 68,830 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after acquiring an additional 66,695 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UCTT has been the subject of several recent research reports. TD Cowen dropped 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. Needham & Company LLC cut their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th.

Ultra Clean Price Performance

NASDAQ:UCTT opened at $36.87 on Friday. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.66 billion, a PE ratio of 460.93, a price-to-earnings-growth ratio of 0.47 and a beta of 2.10. Ultra Clean Holdings, Inc. has a 12 month low of $32.08 and a 12 month high of $56.47. The company’s 50-day moving average price is $37.26 and its two-hundred day moving average price is $37.69.

Insider Activity

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. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.20, for a total value of $130,720.40. Following the completion of the sale, the insider now owns 18,805 shares of the company’s stock, valued at approximately $718,351. The trade was a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

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.