Teton Advisors Inc. Sells 1,200 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Teton Advisors Inc. reduced its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,200 shares of the semiconductor company’s stock after selling 1,200 shares during the quarter. Teton Advisors Inc.’s holdings in Ultra Clean were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UCTT. Headlands Technologies LLC purchased a new stake in Ultra Clean during the 4th quarter valued at $26,000. Nisa Investment Advisors LLC increased its holdings in Ultra Clean by 107.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 948 shares of the semiconductor company’s stock worth $34,000 after buying an additional 490 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Ultra Clean by 694.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after buying an additional 854 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Ultra Clean by 139.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,382 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 1,386 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Ultra Clean by 76.3% during the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company’s stock valued at $92,000 after acquiring an additional 1,108 shares during the last quarter. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Down 0.2 %

UCTT opened at $19.82 on Tuesday. The firm’s 50 day simple moving average is $26.72 and its two-hundred day simple moving average is $33.45. The company has a market capitalization of $894.52 million, a PE ratio of 247.78, a PEG ratio of 0.51 and a beta of 2.14. Ultra Clean Holdings, Inc. has a 1-year low of $16.66 and a 1-year high of $56.47. The company has a current ratio of 2.75, a quick ratio of 1.63 and a debt-to-equity ratio of 0.52.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

UCTT has been the topic of a number of research analyst reports. Oppenheimer lowered their price objective on shares of Ultra Clean from $60.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Ultra Clean in a research note on Thursday, March 6th.

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.