39,379 Shares in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 39,379 shares of the semiconductor company’s stock, valued at approximately $1,416,000. Oppenheimer & Co. Inc. owned about 0.09% of Ultra Clean at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of UCTT. Creative Planning bought a new stake in shares of Ultra Clean during the third quarter worth approximately $546,000. Moloney Securities Asset Management LLC bought a new stake in Ultra Clean in the third quarter valued at approximately $1,048,000. Summit Global Investments bought a new stake in Ultra Clean in the third quarter valued at approximately $1,450,000. Weil Company Inc. increased its stake in Ultra Clean by 18.2% in the third quarter. Weil Company Inc. now owns 30,682 shares of the semiconductor company’s stock valued at $1,225,000 after purchasing an additional 4,723 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in Ultra Clean in the third quarter valued at approximately $229,000. 96.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC lowered their target price on shares of Ultra Clean from $44.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, February 25th.

Ultra Clean Stock Down 5.1 %

Ultra Clean stock opened at $23.34 on Tuesday. The stock has a market capitalization of $1.05 billion, a PE ratio of 291.79, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a twelve month low of $23.03 and a twelve month high of $56.47. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $36.31 and a 200-day moving average of $36.62.

Ultra Clean Company 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.