Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) traded down 10.3% during trading on Wednesday . The stock traded as low as $93.29 and last traded at $93.0390. Approximately 562,449 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 1,325,644 shares. The stock had previously closed at $103.77.
Analysts Set New Price Targets
UCTT has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group initiated coverage on shares of Ultra Clean in a report on Tuesday, May 5th. They set a “buy” rating and a $130.00 target price for the company. Oppenheimer increased their price target on shares of Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. TD Cowen raised their price target on Ultra Clean from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $113.40.
Check Out Our Latest Report on UCTT
Ultra Clean Stock Down 9.3%
Ultra Clean (NASDAQ:UCTT – Get Free Report) last released its 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. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The firm had revenue of $533.70 million during the quarter, compared to analysts’ expectations of $525.28 million. During the same period in the previous year, the company earned $0.28 EPS. Ultra Clean’s revenue for the quarter was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, equities research analysts expect that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, General Counsel Paul Yoonku Cho sold 944 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $89.37, for a total transaction of $84,365.28. Following the completion of the transaction, the general counsel owned 22,941 shares of the company’s stock, valued at $2,050,237.17. This represents a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jamie J. Palfrey sold 8,691 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.72, for a total transaction of $692,846.52. Following the completion of the sale, the senior vice president directly owned 16,446 shares in the company, valued at $1,311,075.12. This represents a 34.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 80,106 shares of company stock worth $6,734,589 over the last ninety days. Insiders own 1.80% of the company’s stock.
Institutional Trading of Ultra Clean
Several institutional investors have recently made changes to their positions in UCTT. Regent Peak Wealth Advisors LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter worth $209,000. Insight Wealth Strategies LLC purchased a new stake in Ultra Clean during the second quarter valued at about $6,768,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Ultra Clean during the second quarter valued at about $141,000. Assenagon Asset Management S.A. increased its stake in Ultra Clean by 96.7% during the second quarter. Assenagon Asset Management S.A. now owns 278,166 shares of the semiconductor company’s stock worth $39,664,000 after acquiring an additional 136,732 shares during the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in Ultra Clean during the second quarter worth about $62,000. 96.06% of the stock is owned by hedge funds and other institutional investors.
Ultra Clean Company 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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