Ultra Clean (NASDAQ:UCTT) Trading Up 8.5% – Still a Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price rose 8.5% during trading on Tuesday . The stock traded as high as $141.44 and last traded at $141.8130. Approximately 406,187 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,291,922 shares. The stock had previously closed at $130.70.

Analysts Set New Price Targets

UCTT has been the topic of several analyst reports. TD Cowen increased their price target on Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Ultra Clean in a report on Friday, June 26th. Oppenheimer upped their target price on Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Wall Street Zen lowered Ultra Clean from a “buy” rating to a “hold” rating in a report on Monday. Finally, Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $107.40.

Ultra Clean Stock Performance

The business’s 50-day simple moving average is $94.15 and its two-hundred day simple moving average is $65.61. The company has a quick ratio of 1.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of -30.21, a P/E/G ratio of 1.90 and a beta of 1.83.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 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 firm had revenue of $533.70 million for the quarter, compared to analysts’ expectations of $525.28 million. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, General Counsel Paul Yoonku Cho sold 944 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total value of $84,365.28. Following the completion of the sale, the general counsel directly owned 22,941 shares in the company, valued at $2,050,237.17. The trade was a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sheri Savage sold 15,766 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $89.47, for a total value of $1,410,584.02. Following the transaction, the chief financial officer directly owned 50,710 shares of the company’s stock, valued at approximately $4,537,023.70. The trade was a 23.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,106 shares of company stock valued at $6,734,589 in the last 90 days. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its stake in shares of Ultra Clean by 148.9% during the third quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 554 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Ultra Clean by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 284 shares in the last quarter. Danske Bank A S boosted its holdings in Ultra Clean by 450.0% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after buying an additional 900 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Ultra Clean in the 1st quarter worth about $34,000. Finally, Smartleaf Asset Management LLC increased its stake in Ultra Clean by 472.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after buying an additional 1,414 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other 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.