Brokerages Set Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Target Price at $129.00

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $129.00.

A number of equities research analysts have commented on UCTT shares. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Needham & Company LLC increased their target price on Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. TD Cowen lifted their price target on shares of Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. UBS Group restated a “buy” rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th.

Institutional Investors Weigh In On Ultra Clean

Institutional investors and hedge funds have recently made changes to their positions in the business. Maverick Capital Ltd. bought a new position in Ultra Clean during the 1st quarter valued at $1,263,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Ultra Clean in the 1st quarter worth $710,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Ultra Clean in the first quarter valued at about $3,197,000. Castleark Management LLC purchased a new stake in shares of Ultra Clean in the first quarter valued at about $6,226,000. Finally, Royal Bank of Canada lifted its position in shares of Ultra Clean by 114.3% during the first quarter. Royal Bank of Canada now owns 27,786 shares of the semiconductor company’s stock valued at $1,727,000 after purchasing an additional 14,818 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Trading Up 4.6%

UCTT opened at $70.64 on Friday. The company has a fifty day moving average price of $80.86 and a two-hundred day moving average price of $82.24. Ultra Clean has a 1-year low of $21.49 and a 1-year high of $144.22. The company has a market cap of $3.17 billion, a P/E ratio of -135.85, a price-to-earnings-growth ratio of 0.72 and a beta of 1.88. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84.

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

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT), doing business as Ultra Clean Technology, provides critical subsystems, components and services used in the semiconductor manufacturing industry. The company primarily serves semiconductor equipment manufacturers and semiconductor device producers, helping support the fabrication processes used to make integrated circuits and other advanced electronic components.

Ultra Clean’s products include gas delivery systems, fluid and chemical delivery systems, vacuum assemblies, process modules, structural components and other engineered assemblies for semiconductor production equipment.