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

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) reached a new 52-week low during mid-day 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.

Wall Street Analysts Forecast Growth

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

Ultra Clean Stock Down 5.1 %

The firm has a fifty day moving average of $36.31 and a 200-day moving average of $36.62. 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 firm has a market cap of $1.05 billion, a P/E ratio of 291.79, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09.

Hedge Funds Weigh In On Ultra Clean

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Ultra Clean by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company’s stock valued at $173,826,000 after acquiring an additional 129,616 shares during the period. Shapiro Capital Management LLC grew its holdings in Ultra Clean by 66.8% during the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after purchasing an additional 1,099,899 shares during the period. Dimensional Fund Advisors LP raised its stake in Ultra Clean by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company’s stock valued at $86,526,000 after buying an additional 77,307 shares during the period. Geode Capital Management LLC lifted its position in shares of Ultra Clean by 1.0% in the third quarter. Geode Capital Management LLC now owns 1,047,719 shares of the semiconductor company’s stock valued at $41,843,000 after buying an additional 10,501 shares during the last quarter. Finally, Boston Partners boosted its stake 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 worth $37,625,000 after acquiring an additional 718,717 shares during the period. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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.