Needham & Company LLC Issues Positive Forecast for Ultra Clean (NASDAQ:UCTT) Stock Price

Ultra Clean (NASDAQ:UCTT) had its price objective hoisted by Needham & Company LLC from $70.00 to $92.00 in a research report released on Wednesday morning, Marketbeat Ratings reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on the company. Craig Hallum restated a “buy” rating and set a $100.00 price target on shares of Ultra Clean in a research note on Tuesday, February 24th. TD Cowen raised their price target on Ultra Clean from $35.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Zacks Research downgraded Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Finally, Oppenheimer raised their price target on Ultra Clean from $35.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $98.00.

Ultra Clean Trading Down 8.0%

NASDAQ:UCTT opened at $72.01 on Wednesday. The stock’s 50 day moving average price is $65.45 and its 200 day moving average price is $44.24. The company has a market capitalization of $3.28 billion, a PE ratio of -18.00, a P/E/G ratio of 1.48 and a beta of 1.81. The company has a quick ratio of 1.89, a current ratio of 3.19 and a debt-to-equity ratio of 0.60. Ultra Clean has a 52-week low of $18.02 and a 52-week high of $84.43.

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 analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $533.70 million for the quarter, compared to the consensus estimate of $525.28 million. Ultra Clean had a positive return on equity of 3.88% and a negative net margin of 8.82%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. On average, research analysts anticipate that Ultra Clean will post 1.57 EPS for the current year.

Institutional Trading of Ultra Clean

A number of hedge funds have recently added to or reduced their stakes in UCTT. Royal Bank of Canada lifted its position in Ultra Clean by 35.8% during the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 6,841 shares during the period. AQR Capital Management LLC lifted its position in Ultra Clean by 16.9% during the 1st quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock worth $4,256,000 after acquiring an additional 28,690 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Ultra Clean by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock worth $566,000 after acquiring an additional 1,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Ultra Clean by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock worth $1,822,000 after acquiring an additional 13,005 shares during the period. Finally, Jane Street Group LLC lifted its position in Ultra Clean by 1,987.5% during the 1st quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock worth $3,173,000 after acquiring an additional 141,114 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean News Summary

Here are the key news stories impacting Ultra Clean this week:

• Positive Sentiment: Q1 beat and revenue growth — Ultra Clean reported Q1 EPS of $0.31 vs. $0.27 expected and revenue of $533.7M (up ~2.9% y/y), showing demand strength in semiconductor capital equipment. Read More.
• Positive Sentiment: Raised Q2 guidance well above consensus — management set Q2 EPS guidance of $0.44–$0.60 and revenue guidance of ~$565M–$605M, above street estimates, pointing to continued AI?driven demand. Read More.
• Positive Sentiment: Analyst upgrade/TP lift — Needham raised its price target from $70 to $92 and kept a Buy, which supports upside expectations and likely boosted short?term selling/buying activity. Read More.
• Neutral Sentiment: Full earnings coverage & call transcript available — multiple outlets published transcripts and slide decks (useful for investors assessing order cadence, backlog and margin outlook). Read More.
• Negative Sentiment: CFO retirement — CFO Sheri Savage announced retirement, creating near?term leadership uncertainty during a growth period; investors may worry about execution/transition risk. Read More.
• Negative Sentiment: High YTD run raises profit?taking risk — commentary asks whether it’s too late to buy after a ~197% YTD surge, highlighting valuation and short?term pullback risk. Read More.

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.