Ultra Clean (NASDAQ:UCTT) Hits New 52-Week Low – Should You Sell?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares hit a new 52-week low during trading on Monday . The company traded as low as $23.03 and last traded at $23.33, with a volume of 510555 shares changing hands. The stock had previously closed at $24.60.

Analyst Upgrades and Downgrades

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

Ultra Clean Stock Down 5.1 %

The stock has a fifty day moving average price of $36.31 and a two-hundred day moving average price of $36.62. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 291.79, a P/E/G ratio of 0.51 and a beta of 2.09. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52.

Institutional Trading of Ultra Clean

A number of institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Ultra Clean in the fourth quarter valued at approximately $26,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ultra Clean during the 3rd quarter valued at $32,000. Nisa Investment Advisors LLC lifted its position in shares of 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 acquiring an additional 490 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Ultra Clean by 694.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 977 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 854 shares in the last quarter. Finally, Quarry LP increased its position 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.

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.