Nisa Investment Advisors LLC Increases Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Nisa Investment Advisors LLC raised its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 107.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 948 shares of the semiconductor company’s stock after buying an additional 490 shares during the period. Nisa Investment Advisors LLC’s holdings in Ultra Clean were worth $34,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UCTT. Harbor Capital Advisors Inc. boosted its holdings in Ultra Clean by 2.4% during 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 shares of 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 purchasing an additional 110,403 shares during the period. Virtu Financial LLC purchased a new position in shares of Ultra Clean in the third quarter valued at approximately $309,000. Geode Capital Management LLC increased its stake in Ultra Clean by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock worth $41,843,000 after buying an additional 10,501 shares during the period. Finally, Barclays PLC increased its stake in Ultra Clean by 395.1% during the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock worth $3,337,000 after buying an additional 66,695 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC decreased their price target 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 decreased 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.

Ultra Clean Stock Up 2.0 %

Shares of Ultra Clean stock opened at $36.87 on Friday. Ultra Clean Holdings, Inc. has a 52-week low of $32.08 and a 52-week high of $56.47. The company has a 50 day moving average of $37.26 and a 200 day moving average of $37.69. The company 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 quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52.

Insider Activity at Ultra Clean

In other Ultra Clean news, COO Harjinder Bajwa bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of $33.75 per share, for a total transaction of $337,500.00. Following the completion of the purchase, the chief operating officer now directly owns 54,291 shares in the company, valued at $1,832,321.25. This trade represents a 22.58 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $38.20, for a total value of $130,720.40. Following the completion of the transaction, the insider now directly owns 18,805 shares of the company’s stock, valued at $718,351. This trade represents a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.

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.