Ultra Clean (NASDAQ:UCTT) Hits New 1-Year High – Here’s Why

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $87.68 and last traded at $83.14, with a volume of 156700 shares changing hands. The stock had previously closed at $83.14.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on UCTT shares. UBS Group started coverage on shares of Ultra Clean in a research report on Tuesday. They set a “buy” rating and a $130.00 target price on the stock. TD Cowen upped their target price on shares of Ultra Clean from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Craig Hallum restated a “buy” rating and set a $100.00 target price on shares of Ultra Clean in a research report on Tuesday, February 24th. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Needham & Company LLC increased their price objective on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $104.40.

Ultra Clean Price Performance

The company has a current ratio of 3.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $3.75 billion, a PE ratio of -19.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.94. The stock’s 50-day moving average is $66.34 and its two-hundred day moving average is $45.08.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The company had revenue of $533.70 million for the quarter, compared to analyst estimates of $525.28 million. During the same period in the prior year, the company posted $0.28 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. On average, equities analysts predict that Ultra Clean Holdings, Inc. will post 2.04 EPS for the current year.

Insider Activity at Ultra Clean

In other news, insider Christopher S. Cook sold 11,903 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $75.31, for a total transaction of $896,414.93. Following the transaction, the insider directly owned 108,905 shares of the company’s stock, valued at approximately $8,201,635.55. This trade represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ultra Clean

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in shares of Ultra Clean by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 284 shares in the last quarter. ProShare Advisors LLC boosted its stake in Ultra Clean by 2.7% in the fourth quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock valued at $342,000 after acquiring an additional 350 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Ultra Clean by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 25,093 shares of the semiconductor company’s stock valued at $635,000 after acquiring an additional 400 shares in the last quarter. Amalgamated Bank boosted its stake in Ultra Clean by 3.4% in the third quarter. Amalgamated Bank now owns 13,312 shares of the semiconductor company’s stock valued at $363,000 after acquiring an additional 434 shares in the last quarter. Finally, Pitcairn Co. boosted its stake in Ultra Clean by 3.3% in the second quarter. Pitcairn Co. now owns 16,396 shares of the semiconductor company’s stock valued at $370,000 after acquiring an additional 523 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

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.