Royce & Associates LP Acquires 18,991 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Royce & Associates LP lifted its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 927,688 shares of the semiconductor company’s stock after purchasing an additional 18,991 shares during the period. Royce & Associates LP owned 2.06% of Ultra Clean worth $33,350,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in shares of Ultra Clean by 1.0% during the third quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock worth $41,843,000 after purchasing an additional 10,501 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Ultra Clean by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company’s stock valued at $24,382,000 after acquiring an additional 30,935 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Ultra Clean by 27.9% in the third quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock valued at $20,209,000 after acquiring an additional 110,403 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Ultra Clean by 7.3% in the fourth quarter. First Eagle Investment Management LLC now owns 400,939 shares of the semiconductor company’s stock valued at $14,414,000 after acquiring an additional 27,300 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in Ultra Clean by 2.4% in the fourth quarter. Harbor Capital Advisors Inc. now owns 376,041 shares of the semiconductor company’s stock valued at $13,519,000 after acquiring an additional 8,829 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

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

Ultra Clean Price Performance

Shares of UCTT opened at $25.25 on Friday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. Ultra Clean Holdings, Inc. has a 1 year low of $22.40 and a 1 year high of $56.47. The stock has a market cap of $1.14 billion, a P/E ratio of 315.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. The stock’s 50-day moving average price is $33.84 and its two-hundred day moving average price is $35.63.

Insiders Place Their Bets

In related news, Director Ernest E. Maddock bought 10,000 shares of Ultra Clean stock in a transaction on Friday, March 7th. The shares were purchased at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the completion of the acquisition, the director now owns 11,000 shares in the company, valued at approximately $267,190. This represents a 1,000.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bill Bentinck bought 3,000 shares of Ultra Clean stock in a transaction on Friday, March 7th. The shares were bought at an average price of $25.17 per share, for a total transaction of $75,510.00. Following the acquisition, the insider now owns 60,695 shares of the company’s stock, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.20% 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.