Dana Investment Advisors Inc. Increases Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Dana Investment Advisors Inc. raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,545 shares of the semiconductor company’s stock after purchasing an additional 34,850 shares during the quarter. Dana Investment Advisors Inc. owned 0.53% of Ultra Clean worth $8,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Ultra Clean Stock Performance

NASDAQ UCTT opened at $24.25 on Thursday. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 303.16, a PEG ratio of 0.51 and a beta of 2.09. The company has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $36.40. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 12-month low of $22.85 and a 12-month high of $56.47.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC cut their target price on Ultra Clean from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th.

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.