Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Here’s What Happened

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price gapped up before the market opened on Monday. The stock had previously closed at $51.00, but opened at $54.56. Ultra Clean shares last traded at $52.8230, with a volume of 158,885 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on UCTT shares. Zacks Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. TD Cowen raised their price target on shares of Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. 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. UBS Group set a $127.00 price target on Ultra Clean in a report on Thursday, October 8th. Finally, Freedom Broker started coverage on Ultra Clean in a report on Friday, October 9th. They set a “buy” rating and a $127.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $128.17.

Ultra Clean Trading Down 2.3%

The business’s 50 day moving average is $71.77 and its two-hundred day moving average is $84.00. 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 firm has a market capitalization of $2.31 billion, a P/E ratio of -99.17, a PEG ratio of 0.56 and a beta of 1.86.

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

Institutional Investors Weigh In On Ultra Clean

Institutional investors have recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter valued at $30,000. AdvisorNet Financial Inc bought a new stake in shares of Ultra Clean during the 1st quarter worth $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ultra Clean by 37.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 196 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Ultra Clean in the 2nd quarter worth $62,000. Finally, KBC Group NV acquired a new position in shares of Ultra Clean in the 1st quarter worth $75,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.