PNC Financial Services Group Inc. Raises Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

PNC Financial Services Group Inc. boosted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 27.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,954 shares of the semiconductor company’s stock after buying an additional 853 shares during the period. PNC Financial Services Group Inc.’s holdings in Ultra Clean were worth $142,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UCTT. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ultra Clean during the 3rd quarter valued at $32,000. Nisa Investment Advisors LLC grew its stake in shares of Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 490 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 854 shares during the period. Quarry LP raised its position in Ultra Clean by 447.5% during the 3rd quarter. Quarry LP now owns 1,210 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 989 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Ultra Clean by 139.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock worth $86,000 after buying an additional 1,386 shares during the period. 96.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Bill Bentinck purchased 3,000 shares of Ultra Clean 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 acquisition, the insider now directly owns 60,695 shares of the company’s stock, valued at $1,527,693.15. The trade was 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. Also, Director Ernest E. Maddock bought 10,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $24.29 per share, for a total transaction of $242,900.00. Following the purchase, the director now owns 11,000 shares of the company’s stock, valued at approximately $267,190. This represents a 1,000.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.

Ultra Clean Stock Up 2.5 %

Shares of NASDAQ:UCTT opened at $24.85 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. Ultra Clean Holdings, Inc. has a 52-week low of $22.40 and a 52-week high of $56.47. The firm has a market capitalization of $1.12 billion, a P/E ratio of 310.66, a P/E/G ratio of 0.51 and a beta of 2.20. The stock has a 50 day moving average price of $32.24 and a 200-day moving average price of $35.15.

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.