Legato Capital Management LLC Acquires Shares of 21,610 Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Legato Capital Management LLC bought a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 4th quarter, Holdings Channel reports. The fund bought 21,610 shares of the semiconductor company’s stock, valued at approximately $777,000.

Several other hedge funds also recently modified their holdings of UCTT. Assenagon Asset Management S.A. boosted its stake in shares of Ultra Clean by 454.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company’s stock valued at $13,380,000 after purchasing an additional 274,628 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Ultra Clean by 130.1% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company’s stock valued at $14,663,000 after purchasing an additional 207,633 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ultra Clean by 27.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 506,107 shares of the semiconductor company’s stock valued at $20,209,000 after purchasing an additional 110,403 shares during the last quarter. Algert Global LLC boosted its stake in shares of Ultra Clean by 424.0% in the 3rd quarter. Algert Global LLC now owns 85,064 shares of the semiconductor company’s stock valued at $3,397,000 after purchasing an additional 68,830 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Ultra Clean by 395.1% in the 3rd quarter. Barclays PLC now owns 83,577 shares of the semiconductor company’s stock valued at $3,337,000 after purchasing an additional 66,695 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UCTT. TD Cowen reduced their target price on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC reduced their price objective on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th.

Ultra Clean Stock Up 1.8 %

Ultra Clean stock opened at $37.72 on Friday. The company’s 50 day simple moving average is $37.11 and its 200 day simple moving average is $37.00. Ultra Clean Holdings, Inc. has a fifty-two week low of $32.08 and a fifty-two week high of $56.47. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 471.56, a PEG ratio of 0.51 and a beta of 2.09. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63.

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.