Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $92.55, but opened at $86.73. Ultra Clean shares last traded at $89.3320, with a volume of 167,972 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages have commented on UCTT. Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. TD Cowen upped their price target on Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer upped their price target on Ultra Clean from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of Ultra Clean in a research note on Tuesday, February 24th. Finally, Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $104.40.
View Our Latest Report on Ultra Clean
Ultra Clean Price Performance
Ultra Clean (NASDAQ:UCTT – Get Free Report) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The business had revenue of $533.70 million during the quarter, compared to analyst estimates of $525.28 million. During the same quarter last year, the firm earned $0.28 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, research analysts predict that Ultra Clean Holdings, Inc. will post 2.04 EPS for the current year.
Insiders Place Their Bets
In other news, Director Emily M. Liggett sold 8,198 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total value of $755,691.64. Following the completion of the sale, the director owned 38,152 shares in the company, valued at approximately $3,516,851.36. This trade represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $87.00, for a total value of $365,835.00. Following the completion of the sale, the insider owned 11,349 shares of the company’s stock, valued at approximately $987,363. This trade represents a 27.03% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 48,975 shares of company stock valued at $3,949,681. Company insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Ultra Clean
A number of large investors have recently modified their holdings of UCTT. Royal Bank of Canada grew its stake in shares of Ultra Clean by 35.8% in the first quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 6,841 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Ultra Clean by 16.9% in the first quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock worth $4,256,000 after acquiring an additional 28,690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ultra Clean by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock valued at $566,000 after purchasing an additional 1,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Ultra Clean by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock valued at $1,822,000 after purchasing an additional 13,005 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Ultra Clean by 1,987.5% during the 1st quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock valued at $3,173,000 after purchasing an additional 141,114 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.
About Ultra Clean
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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