Foundations Investment Advisors LLC Buys Shares of 6,161 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Foundations Investment Advisors LLC purchased a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,161 shares of the semiconductor company’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UCTT. Signaturefd LLC lifted its stake in Ultra Clean by 465.5% in the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 661 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ultra Clean in the 3rd quarter valued at approximately $32,000. Nisa Investment Advisors LLC grew its holdings in Ultra Clean by 107.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 490 shares during the period. GAMMA Investing LLC increased its stake in Ultra Clean by 92.4% in the third quarter. GAMMA Investing LLC now owns 1,197 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 575 shares in the last quarter. Finally, Quarry LP raised its holdings in Ultra Clean by 447.5% in the third quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 989 shares during the period. 96.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on UCTT shares. Needham & Company LLC lowered their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. TD Cowen dropped their price target on Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th.

Ultra Clean Trading Up 2.0 %

UCTT opened at $36.87 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 460.93, a P/E/G ratio of 0.47 and a beta of 2.10. 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 12 month low of $32.08 and a 12 month high of $56.47. The firm’s fifty day simple moving average is $37.26 and its 200 day simple moving average is $37.69.

Insider Activity

In other news, COO Harjinder Bajwa bought 15,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were purchased at an average price of $34.83 per share, for a total transaction of $522,450.00. Following the purchase, the chief operating officer now owns 44,291 shares of the company’s stock, valued at approximately $1,542,655.53. The trade was a 51.21 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the transaction, the insider now directly owns 18,805 shares of the company’s stock, valued at $718,351. This represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.20% 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.