Pinnacle Associates Ltd. Sells 73,031 Shares of Ultra Clean Holdings, Inc. $UCTT

Pinnacle Associates Ltd. cut its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 18.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 329,131 shares of the semiconductor company’s stock after selling 73,031 shares during the period. Pinnacle Associates Ltd. owned 0.73% of Ultra Clean worth $26,679,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Kilter Group LLC acquired a new stake in shares of Ultra Clean during the second quarter worth approximately $30,000. Harbor Investment Advisory LLC bought a new position in shares of Ultra Clean in the second quarter valued at approximately $62,000. AdvisorNet Financial Inc acquired a new position in shares of Ultra Clean in the 1st quarter worth approximately $34,000. Global Retirement Partners LLC acquired a new position in shares of Ultra Clean in the 2nd quarter worth approximately $82,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Ultra Clean by 37.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after acquiring an additional 196 shares in the last quarter. 96.06% of the stock is owned by institutional investors.

Ultra Clean Trading Down 2.3%

UCTT opened at $51.57 on Wednesday. Ultra Clean Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $144.22. The stock has a market capitalization of $2.31 billion, a PE ratio of 46.73, a PEG ratio of 0.56 and a beta of 1.86. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $71.77 and a two-hundred day moving average price of $84.00.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.17. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. During the same period in the prior year, the business earned $0.27 earnings per share. Ultra Clean’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 analysts anticipate that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UCTT shares. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings lowered Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. TD Cowen boosted their price objective on Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Zacks Research cut Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Finally, Freedom Broker assumed coverage on Ultra Clean in a report on Friday, October 9th. They set a “buy” rating and a $127.00 target price on the stock. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.