Lazard Asset Management LLC Has $190,000 Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Lazard Asset Management LLC boosted its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTTGet Rating) by 51.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,409 shares of the semiconductor company’s stock after buying an additional 2,174 shares during the period. Lazard Asset Management LLC’s holdings in Ultra Clean were worth $190,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Duality Advisers LP acquired a new stake in shares of Ultra Clean in the 2nd quarter valued at approximately $890,000. TownSquare Capital LLC acquired a new stake in shares of Ultra Clean in the 2nd quarter valued at approximately $203,000. Texas Permanent School Fund boosted its stake in shares of Ultra Clean by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 32,597 shares of the semiconductor company’s stock valued at $970,000 after purchasing an additional 765 shares in the last quarter. CapWealth Advisors LLC boosted its stake in shares of Ultra Clean by 60.3% in the 2nd quarter. CapWealth Advisors LLC now owns 245,390 shares of the semiconductor company’s stock valued at $7,305,000 after purchasing an additional 92,320 shares in the last quarter. Finally, Watershed Asset Management L.L.C. boosted its stake in shares of Ultra Clean by 44.4% in the 2nd quarter. Watershed Asset Management L.L.C. now owns 8,079 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 2,486 shares in the last quarter. 78.56% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Stock Up 0.4 %

Shares of NASDAQ UCTT opened at $33.86 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.79 and a quick ratio of 1.79. Ultra Clean Holdings, Inc. has a 1 year low of $23.32 and a 1 year high of $60.49. The company has a 50 day simple moving average of $28.91 and a 200 day simple moving average of $30.51. The firm has a market cap of $1.54 billion, a PE ratio of 26.87 and a beta of 1.96.

Insiders Place Their Bets

In other Ultra Clean news, SVP Jamie J. Palfrey sold 1,151 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $34.74, for a total transaction of $39,985.74. Following the completion of the transaction, the senior vice president now owns 21,430 shares in the company, valued at approximately $744,478.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ultra Clean news, SVP Jamie J. Palfrey sold 1,151 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $34.74, for a total transaction of $39,985.74. Following the completion of the transaction, the senior vice president now owns 21,430 shares in the company, valued at approximately $744,478.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Sheri Savage sold 14,814 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $31.92, for a total transaction of $472,862.88. Following the transaction, the chief financial officer now owns 85,099 shares of the company’s stock, valued at approximately $2,716,360.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,914 shares of company stock worth $774,979. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

UCTT has been the topic of a number of research analyst reports. Needham & Company LLC raised their price target on shares of Ultra Clean from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, October 27th. Craig Hallum dropped their price objective on shares of Ultra Clean to $44.00 in a report on Thursday, October 27th. DA Davidson dropped their price objective on shares of Ultra Clean to $38.00 in a report on Thursday, October 27th. Cowen dropped their price objective on shares of Ultra Clean from $42.00 to $36.00 in a report on Thursday, October 27th. Finally, StockNews.com initiated coverage on shares of Ultra Clean in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

About Ultra Clean

(Get Rating)

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.

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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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