The Manufacturers Life Insurance Company Takes $3.22 Million Position in Ultra Clean Holdings, Inc. $UCTT

The Manufacturers Life Insurance Company acquired a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 22,592 shares of the semiconductor company’s stock, valued at approximately $3,221,000. The Manufacturers Life Insurance Company owned 0.05% of Ultra Clean at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of UCTT. Quadrant Capital Group LLC grew 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 during the last quarter. Danske Bank A S lifted its position in Ultra Clean by 450.0% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 900 shares during the last quarter. Kilter Group LLC bought a new stake in Ultra Clean in the second quarter valued at approximately $30,000. AdvisorNet Financial Inc bought a new stake in Ultra Clean in the first quarter valued at approximately $34,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Ultra Clean by 472.9% during the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,414 shares during the period. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Price Performance

UCTT opened at $65.11 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73. The stock has a market capitalization of $2.92 billion, a PE ratio of -125.21, a price-to-earnings-growth ratio of 0.73 and a beta of 1.88. The stock’s 50 day moving average price is $92.13 and its 200-day moving average price is $81.42. Ultra Clean Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $144.22.

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

Insider Activity at Ultra Clean

In other news, CFO Sheri Savage sold 15,766 shares of Ultra Clean stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $89.47, for a total transaction of $1,410,584.02. Following the sale, the chief financial officer 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UCTT. TD Cowen lifted their target price on shares of Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Oppenheimer increased their price target on shares of 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 reissued a “buy” rating on shares of Ultra Clean in a report on Tuesday, August 4th. Needham & Company LLC boosted their price objective on shares of Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $129.00.

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.