Raymond James Financial Inc. Invests $3.99 Million in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Raymond James Financial Inc. bought a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 110,930 shares of the semiconductor company’s stock, valued at approximately $3,988,000.

Several other institutional investors have also bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its position 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 valued at $34,000 after acquiring an additional 490 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ultra Clean in the 3rd quarter worth approximately $32,000. Smartleaf Asset Management LLC boosted its holdings in Ultra Clean by 694.3% in 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. Stoneridge Investment Partners LLC grew its position in shares of Ultra Clean by 18.4% during the 4th quarter. Stoneridge Investment Partners LLC now owns 6,278 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 975 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of 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. Institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Ultra Clean

In related news, Director Ernest E. Maddock acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of $24.29 per share, for a total transaction of $242,900.00. Following the acquisition, the director now owns 11,000 shares of the company’s stock, valued at $267,190. This trade represents a 1,000.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bill Bentinck bought 3,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of $25.17 per share, with a total value of $75,510.00. Following the transaction, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. This represents a 5.20 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.20% of the company’s stock.

Ultra Clean Trading Down 3.7 %

NASDAQ UCTT opened at $23.60 on Thursday. The stock has a 50-day moving average of $31.73 and a 200-day moving average of $35.01. 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 1-year low of $22.40 and a 1-year high of $56.47. The firm has a market cap of $1.07 billion, a PE ratio of 295.04, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20.

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.