Ultra Clean (NASDAQ:UCTT) Hits New 1-Year High on Analyst Upgrade

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price reached a new 52-week high on Wednesday after UBS Group upgraded the stock to a strong-buy rating. The company traded as high as $87.68 and last traded at $83.14, with a volume of 156700 shares. The stock had previously closed at $83.14.

A number of other research firms have also weighed in on UCTT. Needham & Company LLC increased their target price on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Craig Hallum reiterated a “buy” rating and set a $100.00 target price on shares of Ultra Clean in a report on Tuesday, February 24th. Oppenheimer increased their target price on shares of Ultra Clean from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Zacks Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.40.

Insider Activity

In other news, insider Christopher S. Cook sold 11,478 shares of Ultra Clean stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $73.96, for a total transaction of $848,912.88. Following the completion of the transaction, the insider directly owned 97,427 shares in the company, valued at approximately $7,205,700.92. This trade represents a 10.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jamie J. Palfrey sold 8,691 shares of Ultra Clean stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total transaction of $692,846.52. Following the transaction, the senior vice president owned 16,446 shares of the company’s stock, valued at $1,311,075.12. The trade was a 34.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 32,072 shares of company stock valued at $2,438,174 over the last 90 days. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ultra Clean

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 554 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings 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 during the last quarter. Danske Bank A S lifted its holdings in shares of Ultra Clean by 450.0% during 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. AdvisorNet Financial Inc purchased a new position in shares of Ultra Clean during the first quarter valued at approximately $34,000. Finally, Smartleaf Asset Management LLC lifted its holdings 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 last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Ultra Clean Stock Up 9.1%

The company has a market cap of $3.91 billion, a P/E ratio of -20.31, a P/E/G ratio of 1.17 and a beta of 1.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72. The company’s 50-day moving average is $66.94 and its two-hundred day moving average is $45.83.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $533.70 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, equities analysts predict that Ultra Clean Holdings, Inc. will post 2.04 earnings per share for the current fiscal year.

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.