Analysts at Freedom Broker initiated coverage on shares of Ultra Clean (NASDAQ:UCTT – Get Free Report) in a report released on Friday, Benzinga reports. The brokerage set a “buy” rating and a $127.00 price target on the semiconductor company’s stock. Freedom Broker’s price objective points to a potential upside of 86.86% from the company’s current price.
A number of other brokerages also recently weighed in on UCTT. Weiss Ratings downgraded shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Oppenheimer raised their target price on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. UBS Group set a $127.00 price target on Ultra Clean in a research note on Thursday. TD Cowen upped their price target on Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Zacks Research downgraded Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ultra Clean has a consensus rating of “Moderate Buy” and an average price target of $128.17.
Check Out Our Latest Research Report on Ultra Clean
Ultra Clean Stock Performance
Ultra Clean (NASDAQ:UCTT – Get Free Report) last posted 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 negative net margin of 1.07% and a positive return on equity of 6.99%. The firm had revenue of $644.90 million during the quarter, compared to analysts’ expectations of $587.65 million. During the same period in the previous year, the business posted $0.27 EPS. The business’s revenue 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. As a group, equities analysts predict that Ultra Clean will post 2.67 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Insight Wealth Strategies LLC lifted its stake in Ultra Clean by 7.9% in the 3rd quarter. Insight Wealth Strategies LLC now owns 51,199 shares of the semiconductor company’s stock valued at $4,150,000 after buying an additional 3,736 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Ultra Clean by 3.5% during the third quarter. GAMMA Investing LLC now owns 6,199 shares of the semiconductor company’s stock valued at $502,000 after acquiring an additional 208 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of Ultra Clean during the third quarter valued at approximately $220,000. CX Institutional purchased a new position in shares of Ultra Clean in the third quarter valued at approximately $1,099,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Ultra Clean in the second quarter valued at approximately $484,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
About Ultra Clean
Ultra Clean Holdings, Inc (NASDAQ: UCTT) is a manufacturer and service provider for the semiconductor and other advanced-technology industries. The company designs and produces critical subsystems, components and assemblies used in semiconductor processing equipment, supporting customers throughout the equipment life cycle.
Its products and services include gas and fluid delivery systems, process modules, precision-machined components, equipment enclosures, and other high-purity assemblies.
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