Bailard Inc. Invests $475,000 in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Bailard Inc. bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 4th quarter, HoldingsChannel.com reports. The firm bought 13,200 shares of the semiconductor company’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in Ultra Clean by 132.6% in the fourth quarter. New York State Common Retirement Fund now owns 36,225 shares of the semiconductor company’s stock worth $1,302,000 after acquiring an additional 20,650 shares in the last quarter. Barclays PLC lifted its holdings in shares of Ultra Clean by 395.1% in the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after purchasing an additional 66,695 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ultra Clean by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 219,821 shares of the semiconductor company’s stock worth $7,903,000 after purchasing an additional 6,546 shares in the last quarter. JPMorgan Chase & Co. grew its position 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 purchasing an additional 110,403 shares during the period. Finally, Moloney Securities Asset Management LLC bought a new stake in Ultra Clean during the 3rd quarter valued at $1,048,000. 96.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Shares of Ultra Clean stock opened at $23.77 on Wednesday. Ultra Clean Holdings, Inc. has a 52 week low of $22.85 and a 52 week high of $56.47. 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 business has a 50 day moving average price of $36.05 and a 200-day moving average price of $36.51. The company has a market cap of $1.07 billion, a PE ratio of 297.16, a price-to-earnings-growth 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.