Nicholas Investment Partners LP purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 60,338 shares of the semiconductor company’s stock, valued at approximately $8,604,000.
A number of other hedge funds have also made changes to their positions in UCTT. Legal & General Group Plc bought a new position in Ultra Clean during the 2nd quarter valued at $14,981,000. The Manufacturers Life Insurance Company acquired a new position in shares of Ultra Clean during the 2nd quarter valued at $3,221,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Ultra Clean in the 2nd quarter worth $86,723,000. Sanctuary Advisors LLC bought a new stake in shares of Ultra Clean in the 2nd quarter worth $324,000. Finally, Wealth High Governance Capital Ltda acquired a new stake in shares of Ultra Clean in the second quarter valued at $11,813,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
Analyst Upgrades and Downgrades
UCTT has been the topic of several recent research reports. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings lowered shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. TD Cowen raised their target price on shares of Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Needham & Company LLC lifted their price target on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $129.00.
Ultra Clean Stock Performance
UCTT stock opened at $72.78 on Tuesday. The firm has a 50 day simple moving average of $97.62 and a 200 day simple moving average of $80.52. Ultra Clean Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $144.22. The stock has a market cap of $3.26 billion, a P/E ratio of -139.96, a P/E/G ratio of 0.82 and a beta of 1.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73.
Ultra Clean (NASDAQ:UCTT – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.17. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The firm had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. During the same quarter in the prior year, the business earned $0.27 EPS. 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. Research analysts anticipate that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current fiscal year.
Insider Transactions at Ultra Clean
In other news, CFO Sheri Savage sold 15,766 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $89.47, for a total value of $1,410,584.02. Following the transaction, the chief financial officer directly owned 50,710 shares of the company’s stock, valued at approximately $4,537,023.70. This represents a 23.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Emily M. Liggett sold 8,198 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total value of $755,691.64. Following the sale, the director owned 38,152 shares of the company’s stock, valued at approximately $3,516,851.36. This represents a 17.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 39,329 shares of company stock valued at $3,540,599. 1.80% of the stock is owned by insiders.
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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