Invesco Ltd. Has $37.10 Million Holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Invesco Ltd. decreased its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 3.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,032,033 shares of the semiconductor company’s stock after selling 37,218 shares during the quarter. Invesco Ltd. owned 2.29% of Ultra Clean worth $37,102,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UCTT. Headlands Technologies LLC acquired a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $26,000. Nisa Investment Advisors LLC raised its holdings in Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 490 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of 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 acquiring an additional 854 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 1,386 shares during the period. Finally, KBC Group NV grew its holdings in shares of Ultra Clean by 76.3% during the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company’s stock worth $92,000 after purchasing an additional 1,108 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

Insider Transactions at Ultra Clean

In related news, Director Ernest E. Maddock purchased 10,000 shares of the stock in a transaction dated Friday, March 7th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $267,190. This represents a 1,000.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bill Bentinck purchased 3,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of $25.17 per share, with a total value of $75,510.00. Following the completion of the purchase, the insider now directly owns 60,695 shares in the company, valued at $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.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $18.78 on Thursday. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month 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 stock’s 50-day simple moving average is $25.97 and its 200 day simple moving average is $33.26. The firm has a market capitalization of $847.58 million, a PE ratio of 234.78, a price-to-earnings-growth ratio of 0.51 and a beta of 2.14.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer cut their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Ultra Clean in a research report on Thursday, March 6th.

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.