Swiss National Bank Has $2.57 Million Stock Position in UFP Technologies, Inc. (NASDAQ:UFPT)

The Swiss National Bank (SNB) has recently disclosed that it holds a stock position of $2.57 million in UFP Technologies, Inc. (UFP). UFP is a leading provider of advanced materials and solutions for the automotive, aerospace, and industrial industries. The company operates through three segments: Advanced Materials, Automotive, and Aerospace.

The Advanced Materials segment focuses on the development and production of high-performance materials such as carbon fiber composites, ceramics, and advanced polymers. The Automotive segment provides a range of products and services to automotive manufacturers, including lightweighting solutions, energy storage systems, and advanced driver assistance systems (ADAS). The Aerospace segment offers products and services for the aerospace industry, such as lightweighting solutions, advanced materials, and propulsion systems.

UFP Technologies has been in business since 1984 and is headquartered in Woburn, Massachusetts, USA. The company has operations in North America, Europe, and Asia. In recent years, UFP has experienced strong growth due to its focus on innovation and sustainability. The company's revenue for the fiscal year ended December 31, 2020 was $475 million, up from $468 million in the previous year.

The SNB's investment in UFP Technologies reflects its confidence in the company's ability to continue growing and innovating in the advanced materials and solutions space. The SNB has a long history of investing in companies that have strong growth potential and are well-positioned to benefit from global trends such as sustainability, digitalization, and automation.