Legato Capital Management LLC Buys New Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Legato Capital Management LLC bought a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 21,610 shares of the semiconductor company's stock, valued at approximately $777,000.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of Ultra Clean by 454.2% during the third quarter. Assenagon Asset Management S.A. now owns 335,096 shares of the semiconductor company's stock worth $13,380,000 after buying an additional 274,628 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Ultra Clean by 130.1% in the third quarter. Harbor Capital Advisors Inc. now owns 367,212 shares of the semiconductor company's stock worth $14,663,000 after acquiring an additional 207,633 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 increased its position 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 raised its holdings 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 in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. TD Cowen dropped their price target 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 cut their price target 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 Performance

Shares of UCTT stock traded down $0.77 during trading hours on Monday, reaching $36.95. 227,064 shares of the company's stock were exchanged, compared to its average volume of 332,609. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.75 and a quick ratio of 1.63. The company's 50 day moving average is $37.07 and its two-hundred day moving average is $36.85. The company has a market cap of $1.66 billion, a P/E ratio of 461.93, a price-to-earnings-growth ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a 1 year low of $32.08 and a 1 year high of $56.47.

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.