Lazard Asset Management LLC Has $149,000 Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Lazard Asset Management LLC decreased its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 78.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,160 shares of the semiconductor company's stock after selling 15,247 shares during the period. Lazard Asset Management LLC's holdings in Ultra Clean were worth $149,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Ultra Clean by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 4,835,228 shares of the semiconductor company's stock worth $173,826,000 after buying an additional 129,616 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Ultra Clean by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,406,834 shares of the semiconductor company's stock valued at $86,526,000 after acquiring an additional 77,307 shares in the last quarter. Boston Partners lifted its stake in Ultra Clean by 227.1% in the 4th quarter. Boston Partners now owns 1,035,214 shares of the semiconductor company's stock valued at $37,625,000 after acquiring an additional 718,717 shares in the last quarter. Royce & Associates LP increased its position in shares of Ultra Clean by 2.1% during the 4th quarter. Royce & Associates LP now owns 927,688 shares of the semiconductor company's stock worth $33,350,000 after purchasing an additional 18,991 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Ultra Clean by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 678,223 shares of the semiconductor company's stock worth $24,382,000 after purchasing an additional 30,935 shares during the last quarter. Institutional investors own 96.06% of the company's stock.

Analysts Set New Price Targets

UCTT has been the topic of several recent analyst reports. Needham & Company LLC lowered their price target on Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Oppenheimer decreased their target price on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Wall Street Zen lowered Ultra Clean from a "hold" rating to a "sell" rating in a report on Wednesday, April 30th. Finally, TD Cowen decreased their target price on Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ultra Clean currently has an average rating of "Moderate Buy" and a consensus target price of $37.00.

Ultra Clean Stock Performance

Shares of UCTT stock traded up $0.02 during trading on Thursday, reaching $20.29. 108,184 shares of the company's stock were exchanged, compared to its average volume of 463,551. The company has a quick ratio of 1.63, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $916.21 million, a PE ratio of 253.91, a PEG ratio of 0.51 and a beta of 2.09. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The firm's fifty day moving average price is $20.58 and its 200-day moving average price is $29.80.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its earnings results on Monday, April 28th. The semiconductor company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The business had revenue of $518.60 million for the quarter, compared to analyst estimates of $526.13 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. As a group, sell-side analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Jamie J. Palfrey sold 9,500 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total value of $182,400.00. Following the completion of the sale, the senior vice president now owns 30,465 shares of the company's stock, valued at approximately $584,928. The trade was a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ernest E. Maddock bought 10,000 shares of the business's stock in a transaction dated Friday, March 7th. The shares were bought at an average price of $24.29 per share, with a total value of $242,900.00. Following the completion of the transaction, the director now owns 11,000 shares in the company, valued at approximately $267,190. This trade represents a 1,000.00% increase in their position. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company's stock.

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.