Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Should You Buy?

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) gapped up before the market opened on Thursday . The stock had previously closed at $108.42, but opened at $116.46. Ultra Clean shares last traded at $113.9150, with a volume of 225,669 shares.

Analysts Set New Price Targets

A number of research firms recently issued reports on UCTT. Oppenheimer boosted their price objective on Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, June 9th. Needham & Company LLC lifted their target price on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. 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 note on Wednesday, April 29th. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $107.40.

Ultra Clean Stock Down 1.5%

The stock has a market cap of $5.33 billion, a PE ratio of -27.70, a price-to-earnings-growth ratio of 1.61 and a beta of 1.94. The business has a fifty day moving average of $90.80 and a 200-day moving average of $63.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The company had revenue of $533.70 million for the quarter, compared to the consensus estimate of $525.28 million. During the same period last year, the business posted $0.28 EPS. Ultra Clean’s quarterly revenue was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current year.

Insider Transactions at Ultra Clean

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 944 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $89.37, for a total transaction of $84,365.28. Following the transaction, the general counsel owned 22,941 shares of the company’s stock, valued at approximately $2,050,237.17. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jamie J. Palfrey sold 8,691 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total transaction of $692,846.52. Following the completion of the sale, the senior vice president owned 16,446 shares of the company’s stock, valued at approximately $1,311,075.12. This represents a 34.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 80,106 shares of company stock valued at $6,734,589 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ultra Clean

Several institutional investors have recently bought and sold shares of UCTT. EverSource Wealth Advisors LLC lifted its holdings in Ultra Clean by 148.9% during the third quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock worth $25,000 after buying an additional 554 shares during the period. Quadrant Capital Group LLC boosted its position in Ultra Clean by 40.3% during the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 284 shares in the last quarter. Danske Bank A S increased its holdings in shares of Ultra Clean by 450.0% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 900 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of Ultra Clean in the 1st quarter valued at $34,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Ultra Clean by 472.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,414 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

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.