Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Still a Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $108.42, but opened at $116.46. Ultra Clean shares last traded at $113.9150, with a volume of 225,669 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC upped their price target on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. TD Cowen raised their price objective on shares of Ultra Clean from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. UBS Group began coverage on shares of Ultra Clean in a report on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective on the stock. Wall Street Zen upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $107.40.

Ultra Clean Trading Up 8.5%

The business has a 50-day moving average of $89.07 and a 200 day moving average of $62.04. The stock has a market cap of $5.27 billion, a PE ratio of -27.41, a PEG ratio of 1.49 and a beta of 1.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The company had revenue of $533.70 million for the quarter, compared to analysts’ expectations of $525.28 million. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Equities research analysts predict that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jamie J. Palfrey sold 8,691 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $79.72, for a total transaction of $692,846.52. Following the transaction, the senior vice president directly owned 16,446 shares in the company, valued at approximately $1,311,075.12. This represents a 34.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher S. Cook sold 11,903 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $75.31, for a total transaction of $896,414.93. Following the transaction, the insider owned 108,905 shares in the company, valued at approximately $8,201,635.55. The trade was a 9.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 80,106 shares of company stock worth $6,734,589 in the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Ultra Clean

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in shares of Ultra Clean by 37.3% in the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 196 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Ultra Clean by 40.3% during the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 284 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Ultra Clean by 2.7% in the 4th quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 350 shares during the period. State of Alaska Department of Revenue boosted its holdings in Ultra Clean by 1.6% in the 4th quarter. State of Alaska Department of Revenue now owns 25,093 shares of the semiconductor company’s stock worth $635,000 after acquiring an additional 400 shares during the period. Finally, Swiss National Bank boosted its holdings in Ultra Clean by 0.4% in the 1st quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock worth $5,584,000 after acquiring an additional 400 shares during the period. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Company 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.