Harbor Capital Advisors Inc. Boosts Stock Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Harbor Capital Advisors Inc. raised its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 130.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,212 shares of the semiconductor company's stock after purchasing an additional 207,633 shares during the period. Ultra Clean accounts for about 0.6% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 19th biggest position. Harbor Capital Advisors Inc. owned about 0.82% of Ultra Clean worth $14,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company's stock valued at $30,000 after buying an additional 213 shares during the period. CWM LLC grew its position in Ultra Clean by 46.3% in the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company's stock valued at $39,000 after acquiring an additional 253 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Ultra Clean by 465.5% during the third quarter. Signaturefd LLC now owns 803 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 661 shares during the period. Innealta Capital LLC bought a new position in shares of Ultra Clean in the second quarter worth about $41,000. Finally, nVerses Capital LLC purchased a new position in Ultra Clean in the 2nd quarter worth about $64,000. 96.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UCTT. Craig Hallum boosted their price objective on shares of Ultra Clean from $52.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Oppenheimer started coverage on Ultra Clean in a research report on Wednesday, September 25th. They issued an "outperform" rating and a $70.00 price target for the company. TD Cowen decreased their price target on shares of Ultra Clean from $60.00 to $57.00 and set a "buy" rating for the company in a research report on Tuesday, October 29th. Finally, Needham & Company LLC cut 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 report on Tuesday, October 29th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $57.75.

Ultra Clean Stock Performance

Shares of UCTT traded up $0.88 during trading hours on Friday, reaching $34.33. 403,829 shares of the company traded hands, compared to its average volume of 499,887. The company has a quick ratio of 1.60, a current ratio of 2.75 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average price of $36.37 and a 200-day moving average price of $41.86. Ultra Clean Holdings, Inc. has a 12-month low of $24.39 and a 12-month high of $56.47. The stock has a market capitalization of $1.55 billion, a P/E ratio of 429.18 and a beta of 2.08.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $540.40 million during the quarter, compared to analyst estimates of $515.88 million. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The company's revenue was up 24.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. Equities analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

About Ultra Clean

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.