Harbor Capital Advisors Inc. Has $14.66 Million Stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Harbor Capital Advisors Inc. boosted its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 130.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,212 shares of the semiconductor company’s stock after purchasing an additional 207,633 shares during the period. Ultra Clean comprises about 0.6% of Harbor Capital Advisors Inc.’s portfolio, making the stock its 19th largest holding. Harbor Capital Advisors Inc. owned 0.82% of Ultra Clean worth $14,663,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Ultra Clean by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC grew its stake in Ultra Clean by 465.5% in 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 in the last quarter. CWM LLC increased its position in shares of Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 253 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Ultra Clean during the 2nd quarter worth approximately $41,000. Finally, nVerses Capital LLC acquired a new stake in shares of Ultra Clean in the 2nd quarter valued at approximately $64,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Stock Up 2.6 %

Ultra Clean stock opened at $34.33 on Friday. The company’s 50-day moving average price is $36.37 and its two-hundred day moving average price is $41.86. 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 stock has a market cap of $1.55 billion, a P/E ratio of 429.18 and a beta of 2.08. Ultra Clean Holdings, Inc. has a twelve month low of $24.39 and a twelve month high of $56.47.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Ultra Clean had a return on equity of 4.08% and a net margin of 0.18%. The business had revenue of $540.40 million during the quarter, compared to analysts’ expectations of $515.88 million. During the same period last year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. As a group, analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

UCTT has been the topic of a number of recent analyst reports. TD Cowen lowered their target price on shares of Ultra Clean from $60.00 to $57.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Craig Hallum upped their target price on shares of Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Oppenheimer initiated coverage on Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, Needham & Company LLC cut their price objective on Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $57.75.

Ultra Clean 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.