Bank of New York Mellon Corp Sells 4,561 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Bank of New York Mellon Corp reduced its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 297,803 shares of the semiconductor company’s stock after selling 4,561 shares during the period. Bank of New York Mellon Corp’s holdings in Ultra Clean were worth $10,706,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ultra Clean during the third quarter worth about $32,000. Nisa Investment Advisors LLC increased its position in Ultra Clean by 107.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 490 shares during the period. Quarry LP increased 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 period. KBC Group NV raised its holdings in 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 during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Ultra Clean by 306.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,466 shares of the semiconductor company’s stock worth $138,000 after purchasing an additional 2,614 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ultra Clean news, insider Bill Bentinck bought 3,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of $25.17 per share, with a total value of $75,510.00. Following the completion of the transaction, the insider now directly owns 60,695 shares in the company, valued at approximately $1,527,693.15. The trade was a 5.20 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ernest E. Maddock acquired 10,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of $24.29 per share, with a total value of $242,900.00. Following the completion of the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $267,190. This represents a 1,000.00 % 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 Price Performance

UCTT stock opened at $24.50 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The company’s 50-day moving average is $34.33 and its 200-day moving average is $35.81. The stock has a market capitalization of $1.11 billion, a PE ratio of 306.29, a price-to-earnings-growth ratio of 0.51 and a beta of 2.20. Ultra Clean Holdings, Inc. has a 1 year low of $22.40 and a 1 year high of $56.47.

Analyst Upgrades and Downgrades

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

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.