Needham Investment Management LLC lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) by 33.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,000 shares of the semiconductor company’s stock after buying an additional 15,000 shares during the quarter. Needham Investment Management LLC’s holdings in Ultra Clean were worth $1,520,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Ultra Clean by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock worth $126,415,000 after buying an additional 293,048 shares during the period. Invesco Ltd. grew its stake in shares of Ultra Clean by 8.9% in the third quarter. Invesco Ltd. now owns 2,084,427 shares of the semiconductor company’s stock worth $56,801,000 after acquiring an additional 170,851 shares in the last quarter. State Street Corp increased its position in shares of Ultra Clean by 5.0% during the fourth quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock worth $46,923,000 after acquiring an additional 87,931 shares during the period. Royce & Associates LP raised its stake in shares of Ultra Clean by 7.1% in the third quarter. Royce & Associates LP now owns 1,107,416 shares of the semiconductor company’s stock valued at $30,177,000 after acquiring an additional 73,872 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Ultra Clean by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock valued at $20,798,000 after acquiring an additional 43,987 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
Insider Buying and Selling
In other news, insider Christopher S. Cook sold 11,903 shares of Ultra Clean stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $75.31, for a total value of $896,414.93. Following the transaction, the insider directly owned 108,905 shares of the company’s stock, valued at $8,201,635.55. The trade was a 9.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $87.00, for a total transaction 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 80,106 shares of company stock valued at $6,734,589 over the last ninety days. Company insiders own 1.80% of the company’s stock.
Ultra Clean Stock Up 4.3%
Ultra Clean (NASDAQ:UCTT – Get Free Report) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The business had revenue of $533.70 million during the quarter, compared to analysts’ expectations of $525.28 million. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Research analysts expect that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
UCTT has been the subject of several analyst reports. UBS Group assumed coverage on Ultra Clean in a research note on Tuesday, May 5th. They set a “buy” rating and a $130.00 target price for the company. Wall Street Zen lowered Ultra Clean from a “buy” rating to a “hold” rating in a research report on Saturday. Oppenheimer lifted their price objective on Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Needham & Company LLC boosted their price objective on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Craig Hallum restated a “buy” rating and set a $100.00 target price on shares of Ultra Clean in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $107.40.
Read Our Latest Research 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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