Penn Capital Management Company LLC purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 69,813 shares of the semiconductor company’s stock, valued at approximately $1,768,000.
A number of other institutional investors also recently made changes to their positions in UCTT. EverSource Wealth Advisors LLC raised its holdings in shares of Ultra Clean by 148.9% in the third quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 554 shares during the last quarter. Danske Bank A S raised its holdings in shares of Ultra Clean by 450.0% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 900 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Ultra Clean by 472.9% in the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,414 shares during the last quarter. Advisory Services Network LLC acquired a new position in Ultra Clean in the third quarter valued at $45,000. Finally, Wexford Capital LP acquired a new position in Ultra Clean in the third quarter valued at $64,000. 96.06% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, insider Christopher S. Cook sold 11,478 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $73.96, for a total value of $848,912.88. Following the completion of the sale, the insider owned 97,427 shares of the company’s stock, valued at $7,205,700.92. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.00, for a total value of $365,835.00. Following the completion of the sale, the insider directly owned 11,349 shares of the company’s stock, valued at $987,363. The trade was a 27.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 40,777 shares of company stock worth $3,193,989 over the last three months. 1.90% of the stock is currently owned by corporate insiders.
Ultra Clean Stock Performance
Ultra Clean (NASDAQ:UCTT – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $533.70 million during the quarter, compared to analyst estimates of $525.28 million. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, research analysts forecast that Ultra Clean Holdings, Inc. will post 2.04 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts recently commented on UCTT shares. Craig Hallum reiterated a “buy” rating and issued a $100.00 target price on shares of Ultra Clean in a research note on Tuesday, February 24th. Needham & Company LLC upped their target price on Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. TD Cowen upped their target price on Ultra Clean from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group started coverage on Ultra Clean in a research note on Tuesday, May 5th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Zacks Research lowered Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.40.
View Our Latest Report on Ultra Clean
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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