11,900 Shares in Ultra Clean Holdings, Inc. $UCTT Acquired by Formula Growth Ltd.

Formula Growth Ltd. acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,900 shares of the semiconductor company’s stock, valued at approximately $1,697,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jefferies Financial Group Inc. acquired a new stake in Ultra Clean during the 2nd quarter worth $1,098,000. Public Employees Retirement System of Ohio bought a new stake in shares of Ultra Clean during the 2nd quarter valued at $179,000. Corient Private Wealth LP acquired a new position in shares of Ultra Clean in the 2nd quarter valued at $467,000. Bank of America Corp DE acquired a new position in shares of Ultra Clean in the 2nd quarter valued at $60,628,000. Finally, Gallagher Fiduciary Advisors LLC bought a new position in shares of Ultra Clean in the 2nd quarter worth $1,252,000. 96.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UCTT has been the subject of a number of analyst reports. Weiss Ratings cut Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Needham & Company LLC raised their target price on Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. TD Cowen boosted their target price on Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, UBS Group restated a “buy” rating on shares of Ultra Clean in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.00.

Insider Activity

In related news, General Counsel Paul Yoonku Cho sold 944 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sheri Savage sold 15,766 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $89.47, for a total transaction of $1,410,584.02. Following the sale, the chief financial officer owned 50,710 shares in the company, valued at $4,537,023.70. This trade represents a 23.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,131 shares of company stock worth $2,784,908 in the last quarter. 1.80% of the stock is currently owned by company insiders.

Ultra Clean Price Performance

UCTT opened at $74.75 on Friday. The stock has a market cap of $3.35 billion, a P/E ratio of -143.75, a P/E/G ratio of 0.78 and a beta of 1.88. Ultra Clean Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $144.22. The company has a quick ratio of 1.25, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $95.20 and a 200 day simple moving average of $81.12.

Ultra Clean (NASDAQ:UCTT) last posted its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. On average, research analysts expect that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

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.