Insider Buying: Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Insider Buys 3,000 Shares of Stock

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) insider Bill Bentinck bought 3,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $25.17 per share, for a total transaction of $75,510.00. Following the completion of the transaction, the insider now owns 60,695 shares of the company’s stock, valued at $1,527,693.15. This represents a 5.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ultra Clean Stock Down 3.0 %

Shares of Ultra Clean stock traded down $0.72 on Tuesday, hitting $22.98. The company had a trading volume of 830,417 shares, compared to its average volume of 382,290. The firm has a market capitalization of $1.04 billion, a P/E ratio of 287.29, a P/E/G ratio of 0.51 and a beta of 2.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a twelve month low of $22.42 and a twelve month high of $56.47. The stock has a 50-day moving average of $34.82 and a 200-day moving average of $36.00.

Analyst Ratings Changes

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Ultra Clean in a research note on Thursday, March 6th.

Hedge Funds Weigh In On Ultra Clean

A number of institutional investors have recently bought and sold shares of the business. Weil Company Inc. increased its stake in Ultra Clean by 18.2% in the third quarter. Weil Company Inc. now owns 30,682 shares of the semiconductor company’s stock valued at $1,225,000 after acquiring an additional 4,723 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Ultra Clean in the 3rd quarter worth $229,000. Victory Capital Management Inc. grew its holdings in Ultra Clean by 6.8% during the third quarter. Victory Capital Management Inc. now owns 57,825 shares of the semiconductor company’s stock worth $2,309,000 after buying an additional 3,681 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new position in shares of Ultra Clean in the third quarter valued at approximately $527,000. Finally, Royce & Associates LP grew its position in shares of Ultra Clean by 7.5% during the 3rd quarter. Royce & Associates LP now owns 908,697 shares of the semiconductor company’s stock valued at $36,284,000 after acquiring an additional 63,301 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Company 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.