Ultra Clean Holdings, Inc. $UCTT Stock: Pinnacle Associates Ltd. Reduces Stake

Pinnacle Associates Ltd. lowered its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 18.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,131 shares of the semiconductor company’s stock after selling 73,031 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Ultra Clean were worth $26,679,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. BlackRock Inc. bought a new position in Ultra Clean in the second quarter valued at about $986,722,000. Paradigm Capital Management Inc. NY acquired a new stake in Ultra Clean in the second quarter worth about $86,723,000. Bank of America Corp DE acquired a new stake in Ultra Clean in the second quarter worth about $60,628,000. Assenagon Asset Management S.A. increased its position in Ultra Clean by 96.7% in the second quarter. Assenagon Asset Management S.A. now owns 278,166 shares of the semiconductor company’s stock worth $39,664,000 after purchasing an additional 136,732 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Ultra Clean during the 2nd quarter worth about $38,539,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of Ultra Clean stock opened at $51.57 on Wednesday. The firm has a fifty day moving average of $71.77 and a two-hundred day moving average of $84.00. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 0.56 and a beta of 1.86. Ultra Clean Holdings, Inc. has a 52 week low of $21.49 and a 52 week high of $144.22. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. Ultra Clean had a positive return on equity of 6.99% and a negative net margin of 1.07%. The company had revenue of $644.90 million for the quarter, compared to the consensus estimate of $587.65 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s quarterly 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. As a group, equities research analysts predict that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on UCTT shares. Weiss Ratings cut Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 7th. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Oppenheimer lifted their price target on shares of Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a research 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 stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC boosted their price target on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $128.17.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.