Harbor Capital Advisors Inc. Has $8.51 Million Position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Harbor Capital Advisors Inc. increased its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 397,639 shares of the semiconductor company's stock after buying an additional 21,598 shares during the quarter. Harbor Capital Advisors Inc. owned 0.88% of Ultra Clean worth $8,513,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UCTT. Barclays PLC lifted its holdings in shares of Ultra Clean by 395.1% in the third quarter. Barclays PLC now owns 83,577 shares of the semiconductor company's stock worth $3,337,000 after acquiring an additional 66,695 shares during the last quarter. KBC Group NV lifted its stake in Ultra Clean by 76.3% in the 4th quarter. KBC Group NV now owns 2,561 shares of the semiconductor company's stock valued at $92,000 after purchasing an additional 1,108 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Ultra Clean by 257.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,581 shares of the semiconductor company's stock valued at $1,675,000 after purchasing an additional 33,541 shares during the last quarter. Legato Capital Management LLC acquired a new stake in Ultra Clean in the fourth quarter valued at approximately $777,000. Finally, Rhumbline Advisers grew its stake in shares of Ultra Clean by 0.9% during the fourth quarter. Rhumbline Advisers now owns 127,713 shares of the semiconductor company's stock worth $4,591,000 after buying an additional 1,131 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Trading Down 6.5%

Shares of UCTT stock traded down $1.38 on Friday, hitting $19.87. The company had a trading volume of 528,708 shares, compared to its average volume of 480,152. Ultra Clean Holdings, Inc. has a twelve month low of $16.66 and a twelve month high of $56.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.63 and a current ratio of 2.75. The firm has a market cap of $897.11 million, a P/E ratio of 248.41, a P/E/G ratio of 0.51 and a beta of 2.05. The stock's 50-day moving average is $20.42 and its two-hundred day moving average is $28.52.

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

Insider Transactions at Ultra Clean

In other news, General Counsel Paul Yoonku Cho sold 4,084 shares of Ultra Clean stock in a transaction on Friday, June 6th. The shares were sold at an average price of $21.06, for a total value of $86,009.04. Following the completion of the sale, the general counsel now owns 23,345 shares in the company, valued at $491,645.70. The trade was a 14.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jamie J. Palfrey sold 9,500 shares of Ultra Clean stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $19.20, for a total transaction of $182,400.00. Following the completion of the sale, the senior vice president now directly owns 30,465 shares of the company's stock, valued at approximately $584,928. This trade represents a 23.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,878 shares of company stock valued at $399,765. Corporate insiders own 1.90% of the company's stock.

Wall Street Analysts Forecast Growth

UCTT has been the topic of several recent research reports. Needham & Company LLC cut their price objective on Ultra Clean from $40.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Oppenheimer cut their price target on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Wall Street Zen downgraded Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Finally, TD Cowen cut their target price on shares of Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a research 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

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.