Perigon Wealth Management LLC Invests $909,000 in Ultra Clean Holdings, Inc. $UCTT

Perigon Wealth Management LLC bought a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTTFree Report) during the second quarter, HoldingsChannel reports. The fund bought 6,378 shares of the semiconductor company’s stock, valued at approximately $909,000.

Several other hedge funds have also bought and sold shares of UCTT. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Ultra Clean during the 2nd quarter valued at $1,251,000. OneDigital Investment Advisors LLC bought a new stake in Ultra Clean during the second quarter valued at about $575,000. Global Retirement Partners LLC purchased a new position in shares of Ultra Clean in the second quarter valued at about $82,000. Bank of New York Mellon Corp bought a new position in shares of Ultra Clean in the second quarter worth about $38,539,000. Finally, State of Wyoming purchased a new stake in shares of Ultra Clean during the second quarter worth about $1,095,000. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Down 6.9%

Shares of UCTT opened at $81.82 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $100.04 and a 200 day moving average of $79.71. The company has a market cap of $3.67 billion, a PE ratio of -157.35, a P/E/G ratio of 0.91 and a beta of 1.88. Ultra Clean Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $144.22.

Ultra Clean (NASDAQ:UCTTGet Free Report) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.17. Ultra Clean had a positive return on equity of 6.99% and a negative net margin of 1.07%.The business had revenue of $644.90 million during the quarter, compared to analyst estimates of $587.65 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Wall Street Analyst Weigh In

UCTT has been the topic of a number of research analyst reports. Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Needham & Company LLC boosted their target price on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Finally, Oppenheimer lifted their price target on shares of Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ultra Clean presently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Read Our Latest Stock Report on Ultra Clean

Insiders Place Their Bets

In other news, General Counsel Paul Yoonku Cho sold 944 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total transaction of $84,365.28. Following the transaction, the general counsel owned 22,941 shares in the company, valued at approximately $2,050,237.17. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Sheri Savage sold 15,766 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $89.47, for a total transaction of $1,410,584.02. Following the transaction, the chief financial officer directly owned 50,710 shares in the company, valued at $4,537,023.70. This trade represents a 23.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,329 shares of company stock worth $3,540,599 in the last ninety days. 1.80% of the stock is owned by company insiders.

About Ultra Clean

(Free Report)

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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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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