Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Time to Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares gapped up before the market opened on Thursday . The stock had previously closed at $100.91, but opened at $115.50. Ultra Clean shares last traded at $110.20, with a volume of 366,128 shares trading hands.

Analyst Upgrades and Downgrades

UCTT has been the topic of a number of research reports. Oppenheimer raised their price target on Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Needham & Company LLC upped their price objective on Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. TD Cowen reissued a “buy” rating on shares of Ultra Clean in a report on Thursday. UBS Group started coverage on Ultra Clean in a research report on Tuesday, May 5th. They issued a “buy” rating and a $130.00 target price on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Ultra Clean in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $107.40.

Ultra Clean Stock Performance

The business’s 50-day moving average price is $96.39 and its 200-day moving average price is $68.31. 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 stock has a market cap of $4.88 billion, a P/E ratio of -25.19, a P/E/G ratio of 1.21 and a beta of 1.83.

Ultra Clean (NASDAQ:UCTT) last posted 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 firm had revenue of $533.70 million during the quarter, compared to analyst estimates of $525.28 million. During the same period in the prior year, the business posted $0.28 EPS. Ultra Clean’s 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. As a group, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction dated 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 of the company’s stock, valued at $3,516,851.36. The trade was a 17.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Paul Yoonku Cho sold 944 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.37, for a total value 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 80,106 shares of company stock valued at $6,734,589. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ultra Clean

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Ultra Clean by 37.3% during the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock valued at $45,000 after purchasing an additional 196 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Ultra Clean by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 284 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Ultra Clean by 2.7% in the fourth quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 350 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Ultra Clean by 1.6% during the 4th quarter. State of Alaska Department of Revenue now owns 25,093 shares of the semiconductor company’s stock valued at $635,000 after purchasing an additional 400 shares during the period. Finally, Swiss National Bank raised its position in shares of Ultra Clean by 0.4% during 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.

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.