Ultra Clean (NASDAQ:UCTT) Shares Down 8.2% – Here’s What Happened

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price dropped 8.2% during mid-day trading on Wednesday . The stock traded as low as $129.17 and last traded at $130.8870. Approximately 805,471 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 1,302,988 shares. The stock had previously closed at $142.59.

Wall Street Analysts Forecast Growth

UCTT has been the subject of a number of research analyst reports. UBS Group began coverage on shares of Ultra Clean in a research report on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective for the company. Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. TD Cowen boosted their target price on shares of Ultra Clean from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer upped their price objective on Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Finally, Needham & Company LLC boosted their target price on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $107.40.

Ultra Clean Price Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07. The business has a 50 day moving average price of $93.15 and a 200-day moving average price of $64.89. The company has a market capitalization of $5.78 billion, a price-to-earnings ratio of -29.96, a P/E/G ratio of 1.75 and a beta of 1.94.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $533.70 million for 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%. Ultra Clean’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Research analysts predict that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Paul Yoonku Cho sold 944 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $2,050,237.17. This represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total transaction of $755,691.64. Following the transaction, the director directly owned 38,152 shares in the company, valued at $3,516,851.36. This represents a 17.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 80,106 shares of company stock worth $6,734,589. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Ultra Clean

Several hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Ultra Clean by 37.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after buying an additional 196 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Ultra Clean by 40.3% during the fourth 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 period. ProShare Advisors LLC lifted its holdings in Ultra Clean by 2.7% during the fourth quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 350 shares during the period. State of Alaska Department of Revenue boosted its position in Ultra Clean by 1.6% in the fourth quarter. State of Alaska Department of Revenue now owns 25,093 shares of the semiconductor company’s stock worth $635,000 after purchasing an additional 400 shares during the last quarter. Finally, Swiss National Bank grew its stake in Ultra Clean by 0.4% in the 1st quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock valued at $5,584,000 after purchasing an additional 400 shares during the period. Institutional investors own 96.06% of the company’s stock.

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.