Harbor Capital Advisors Inc. lowered its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 31.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,553 shares of the semiconductor company’s stock after selling 34,786 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Ultra Clean were worth $1,964,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in Ultra Clean in the 3rd quarter valued at $416,000. Optimize Financial Inc bought a new stake in Ultra Clean during the 3rd quarter worth about $1,541,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Ultra Clean during the 3rd quarter worth about $962,000. Wedge Capital Management L L P NC bought a new position in shares of Ultra Clean in the 3rd quarter valued at about $3,174,000. Finally, Teton Advisors LLC bought a new position in shares of Ultra Clean in the 3rd quarter valued at about $1,185,000. 96.06% of the stock is owned by institutional investors.
Ultra Clean Price Performance
Shares of UCTT stock opened at $63.16 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 3.19. The firm’s 50-day moving average is $56.05 and its 200-day moving average is $38.25. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of -15.79, a PEG ratio of 1.15 and a beta of 1.81. Ultra Clean Holdings, Inc. has a 52-week low of $16.66 and a 52-week high of $73.80.
Analysts Set New Price Targets
UCTT has been the topic of several analyst reports. TD Cowen upped their target price on Ultra Clean from $35.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Craig Hallum restated a “buy” rating and issued a $100.00 price target on shares of Ultra Clean in a research note on Tuesday, February 24th. Oppenheimer boosted their price target on Ultra Clean from $35.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC increased their price objective on Ultra Clean from $50.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.25.
View Our Latest Report on UCTT
Ultra Clean Profile
Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.
Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.
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