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

Harbor Capital Advisors Inc. boosted its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 376,041 shares of the semiconductor company’s stock after buying an additional 8,829 shares during the period. Ultra Clean accounts for approximately 0.6% of Harbor Capital Advisors Inc.’s holdings, making the stock its 29th biggest position. Harbor Capital Advisors Inc. owned about 0.83% of Ultra Clean worth $13,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Assenagon Asset Management S.A. increased its holdings in shares of Ultra Clean by 454.2% in the 3rd 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 last quarter. Hood River Capital Management LLC increased its stake in Ultra Clean by 54.2% during the second quarter. Hood River Capital Management LLC now owns 366,266 shares of the semiconductor company’s stock worth $17,947,000 after acquiring an additional 128,670 shares during the last quarter. JPMorgan Chase & Co. raised its position in Ultra Clean by 27.9% during the third 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 period. Algert Global LLC boosted its holdings 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 worth $3,397,000 after purchasing an additional 68,830 shares during the period. Finally, Barclays PLC increased its position in shares of Ultra Clean by 395.1% during 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 during the last quarter. 96.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Oppenheimer assumed 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. Needham & Company LLC lowered their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, October 29th. Finally, TD Cowen cut their price target 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.

Insider Buying and Selling

In related news, COO Harjinder Bajwa bought 2,500 shares of the stock in a transaction that occurred on Thursday, October 31st. The stock was bought at an average cost of $33.33 per share, for a total transaction of $83,325.00. Following the purchase, the chief operating officer now directly owns 29,291 shares of the company’s stock, valued at approximately $976,269.03. This trade represents a 9.33 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey L. Mckibben sold 3,422 shares of Ultra Clean stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $38.20, for a total transaction of $130,720.40. Following the sale, the insider now owns 18,805 shares of the company’s stock, valued at $718,351. The trade was a 15.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 27,500 shares of company stock worth $943,275 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Ultra Clean Stock Down 5.6 %

NASDAQ:UCTT traded down $2.16 during mid-day trading on Friday, reaching $36.62. The company’s stock had a trading volume of 102,091 shares, compared to its average volume of 251,333. 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 firm has a market capitalization of $1.65 billion, a PE ratio of 457.81 and a beta of 2.10. The stock has a fifty day moving average of $36.99 and a 200-day moving average of $39.28. Ultra Clean Holdings, Inc. has a 1 year low of $31.95 and a 1 year high of $56.47.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Monday, October 28th. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $540.40 million for 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 firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Equities research analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current 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.