Ultra Clean Holdings Inc. (NASDAQ:UCTT) shares saw strong trading volume on Wednesday . 123,254 shares were traded during mid-day trading, an increase of 25% from the previous session’s volume of 98,919 shares.The stock last traded at $6.15 and had previously closed at $6.14.

A number of analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 target price on shares of Ultra Clean Holdings in a research note on Friday, July 8th. Zacks Investment Research cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, Stifel Nicolaus cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Friday, July 8th.

The stock has a 50-day moving average price of $5.78 and a 200-day moving average price of $5.39. The firm’s market capitalization is $198.05 million.

A number of hedge funds have modified their holdings of the company. Royce & Associates LLC raised its stake in Ultra Clean Holdings by 2.5% in the fourth quarter. Royce & Associates LLC now owns 1,871,008 shares of the company’s stock worth $9,580,000 after buying an additional 45,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ultra Clean Holdings by 17.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,580,500 shares of the company’s stock worth $8,092,000 after buying an additional 231,825 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in Ultra Clean Holdings by 15.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,340,400 shares of the company’s stock worth $6,863,000 after buying an additional 183,782 shares during the last quarter.

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

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