Harbor Capital Advisors Inc. Grows Position in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Harbor Capital Advisors Inc. increased its stake in Ultra Clean Holdings by 13.3%, now owning approximately 1.00% of the company, valued at $10.17 million.
• Needham & Company raised their price target on Ultra Clean shares from $26.00 to $30.00, affirming a "buy" rating, with an average price target of $30.67 across analysts.
• Ultra Clean reported $518.80 million in revenue for the last quarter, exceeding analyst estimates, but revealed a negative net margin of 7.15%.

Harbor Capital Advisors Inc. raised its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 13.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 450,603 shares of the semiconductor company's stock after acquiring an additional 52,964 shares during the period. Harbor Capital Advisors Inc. owned about 1.00% of Ultra Clean worth $10,170,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC bought a new stake in shares of Ultra Clean during the 1st quarter valued at about $25,000. Versant Capital Management Inc lifted its position in Ultra Clean by 386.9% during the first quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 1,122 shares during the period. Brooklyn Investment Group purchased a new position in Ultra Clean in the first quarter worth about $33,000. AlphaQuest LLC increased its position in Ultra Clean by 1,321.9% in the first quarter. AlphaQuest LLC now owns 2,403 shares of the semiconductor company's stock worth $51,000 after buying an additional 2,234 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Ultra Clean by 481.4% during the 1st quarter. Russell Investments Group Ltd. now owns 2,744 shares of the semiconductor company's stock valued at $59,000 after purchasing an additional 2,272 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

Analyst Ratings Changes

Separately, Needham & Company LLC raised their target price on shares of Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $30.67.

Ultra Clean Stock Down 2.0%

Shares of UCTT stock traded down $0.57 on Friday, hitting $27.69. The stock had a trading volume of 770,739 shares, compared to its average volume of 303,711. Ultra Clean Holdings, Inc. has a one year low of $16.66 and a one year high of $41.90. The business has a 50 day moving average price of $24.13 and a 200 day moving average price of $22.46. The company has a market cap of $1.26 billion, a PE ratio of -8.19, a P/E/G ratio of 1.11 and a beta of 2.14. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.27. The firm had revenue of $518.80 million for the quarter, compared to the consensus estimate of $500.83 million. Ultra Clean had a negative net margin of 7.15% and a positive return on equity of 5.32%. The company's quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.32 earnings per share. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. Research analysts anticipate that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

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.