Harvey Partners Lowers stake in Ultra Clean Holdings Inc (UCTT)

Ultra Clean Holdings Inc (UCTT) : Harvey Partners reduced its stake in Ultra Clean Holdings Inc by 11.2% during the most recent quarter end. The investment management company now holds a total of 650,000 shares of Ultra Clean Holdings Inc which is valued at $6,435,000 after selling 82,000 shares in Ultra Clean Holdings Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ultra Clean Holdings Inc makes up approximately 7.50% of Harvey Partners’s portfolio.

Other Hedge Funds, Including , Arrowstreet Capital Limited Partnership added UCTT to its portfolio by purchasing 31,874 company shares during the most recent quarter which is valued at $315,553. Eam Investors added UCTT to its portfolio by purchasing 273,152 company shares during the most recent quarter which is valued at $2,548,508. Ultra Clean Holdings Inc makes up approx 0.35% of Eam Investors’s portfolio.Teachers Advisors reduced its stake in UCTT by selling 4,335 shares or 8.45% in the most recent quarter. The Hedge Fund company now holds 46,994 shares of UCTT which is valued at $416,367.Blackrock Fund Advisors boosted its stake in UCTT in the latest quarter, The investment management firm added 73,032 additional shares and now holds a total of 899,075 shares of Ultra Clean Holdings Inc which is valued at $7,965,805. Magee Thomson Investment Partners added UCTT to its portfolio by purchasing 213 company shares during the most recent quarter which is valued at $1,776.

Ultra Clean Holdings Inc closed down -0.01 points or -0.10% at $9.86 with 5,72,472 shares getting traded on Monday. Post opening the session at $9.93, the shares hit an intraday low of $9.61 and an intraday high of $9.991 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Ultra Clean Holdings Inc reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.12. The company had revenue of $146.15 million for the quarter, compared to analysts expectations of $134.89 million. The company’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Ultra Clean Holdings Inc. Ultra Clean Holdings Inc was Downgraded by Standpoint Research to ” Hold” on Nov 15, 2016. Company shares were Reiterated by Needham on Oct 27, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $8.50 .Company shares were Reiterated by Dougherty & Company on Oct 27, 2016 to “Buy”, Firm has raised the Price Target to $ 10.50 from a previous price target of $9.50 .

Ultra Clean Holdings Inc. is a developer manufacturer and supplier of subsystems for original equipment manufacturers (OEMs) in the semiconductor capital equipment industry. The Company serves various markets including consumer medical energy industrial flat panel and research industries. It offers engineering and manufacturing solutions for the development design component sourcing prototyping engineering manufacturing and testing of advanced systems design-to-delivery cycle times and component neutral design among others. Its products include precision robotic solutions gas delivery systems a range of industrial and automation production equipment products and subsystems that include chemical mechanical planarization modules chemical delivery modules top-plate assemblies frame assemblies and process modules. It also offers fluid systems used for various wet processing steps such as cleaning chemical mechanical polishing and electrochemical deposition.

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