Ultra Clean (NASDAQ:UCTT) Shares Down 4.9% – What’s Next?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price dropped 4.9% during trading on Thursday . The stock traded as low as $63.17 and last traded at $62.86. 46,829 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 1,301,092 shares. The stock had previously closed at $66.07.

Analysts Set New Price Targets

A number of analysts have weighed in on UCTT shares. Zacks Research raised shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Oppenheimer increased their price target on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Needham & Company LLC raised their price objective on Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, TD Cowen increased their target price on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Ultra Clean Stock Performance

The company’s 50-day simple moving average is $89.27 and its 200-day simple moving average is $81.53. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of -139.29, a PEG ratio of 0.71 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 issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.17. The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. Ultra Clean’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 earnings per share. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. On average, analysts expect that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Institutional Investors Weigh In On Ultra Clean

A number of institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position in shares of 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 last quarter. Danske Bank A S lifted its stake in shares of Ultra Clean by 450.0% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 900 shares during the period. Kilter Group LLC bought a new stake in Ultra Clean in the second quarter valued at approximately $30,000. AdvisorNet Financial Inc bought a new stake in Ultra Clean in the first quarter valued at approximately $34,000. Finally, Smartleaf Asset Management LLC increased its position in Ultra Clean by 472.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,414 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.