Janney Montgomery Scott LLC Acquires 2,343 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Janney Montgomery Scott LLC raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 13.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,220 shares of the semiconductor company’s stock after acquiring an additional 2,343 shares during the period. Janney Montgomery Scott LLC’s holdings in Ultra Clean were worth $727,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its stake in Ultra Clean by 107.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 490 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Ultra Clean by 2.4% in the 4th 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 period. JPMorgan Chase & Co. boosted its stake in Ultra Clean by 27.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock worth $20,209,000 after acquiring an additional 110,403 shares during the last quarter. Virtu Financial LLC acquired a new position in Ultra Clean during the third quarter valued at approximately $309,000. Finally, Geode Capital Management LLC raised its holdings in Ultra Clean by 1.0% in 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 period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Needham & Company LLC decreased their target price on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. TD Cowen lowered their target price on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a report on Tuesday, October 29th.

Insider Activity at Ultra Clean

In related news, COO Harjinder Bajwa acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were bought 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 directly owns 44,291 shares in the company, valued at approximately $1,542,655.53. This trade represents a 51.21 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.20% of the company’s stock.

Ultra Clean Trading Down 3.6 %

Ultra Clean stock opened at $37.36 on Friday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 467.06, a P/E/G ratio of 0.49 and a beta of 2.09. The firm has a 50-day moving average of $37.26 and a 200-day moving average of $37.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. Ultra Clean Holdings, Inc. has a one year low of $32.08 and a one year high of $56.47.

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.