Ultra Clean’s (UCTT) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Ultra Clean (NASDAQ:UCTT) in a report released on Thursday,Benzinga reports. Needham & Company LLC currently has a $40.00 target price on the semiconductor company’s stock.

Ultra Clean Stock Performance

Ultra Clean stock opened at $23.89 on Thursday. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average of $35.55 and a 200-day moving average of $36.32. The stock has a market cap of $1.08 billion, a P/E ratio of 298.66, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean has a 52 week low of $22.85 and a 52 week high of $56.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Shapiro Capital Management LLC boosted its position in shares of Ultra Clean by 66.8% during the 4th quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock valued at $98,736,000 after purchasing an additional 1,099,899 shares in the last quarter. Boston Partners lifted its position in shares of Ultra Clean by 227.1% during the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company’s stock valued at $37,625,000 after acquiring an additional 718,717 shares during the last quarter. Goodman Financial Corp acquired a new stake in shares of Ultra Clean during the 4th quarter valued at $13,900,000. Nuveen Asset Management LLC boosted its stake in shares of Ultra Clean by 41.3% during the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company’s stock worth $25,686,000 after acquiring an additional 208,910 shares in the last quarter. Finally, Oberweis Asset Management Inc. grew its holdings in shares of Ultra Clean by 39.4% in the 4th quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company’s stock worth $22,048,000 after acquiring an additional 173,200 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

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.