Redwood Grove Capital LLC Takes Position in Ultra Clean Holdings, Inc. $UCTT

Redwood Grove Capital LLC bought a new stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 2nd quarter, HoldingsChannel reports. The fund bought 101,458 shares of the semiconductor company’s stock, valued at approximately $14,467,000. Ultra Clean accounts for about 3.7% of Redwood Grove Capital LLC’s investment portfolio, making the stock its 14th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of Ultra Clean by 40.3% during the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 284 shares during the period. Danske Bank A S grew its stake in Ultra Clean by 450.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after buying an additional 900 shares during the last quarter. Kilter Group LLC bought a new position in Ultra Clean during the 2nd quarter worth $30,000. AdvisorNet Financial Inc acquired a new stake in Ultra Clean in the first quarter worth $34,000. Finally, Smartleaf Asset Management LLC increased its position in Ultra Clean by 472.9% in the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after buying an additional 1,414 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UCTT. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Oppenheimer increased their price objective on shares of Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. TD Cowen boosted their target price on shares of Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. UBS Group restated a “buy” rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Finally, Needham & Company LLC lifted their price target on Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.00.

Ultra Clean Stock Up 0.7%

Shares of Ultra Clean stock opened at $73.32 on Wednesday. The stock has a 50-day moving average price of $96.90 and a 200 day moving average price of $80.73. The company has a market cap of $3.29 billion, a P/E ratio of -141.00, a P/E/G ratio of 0.78 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 Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $144.22.

Ultra Clean (NASDAQ:UCTT) last issued 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 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 firm posted $0.27 EPS. The business’s revenue was up 24.3% compared to the same quarter last year. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. As a group, analysts expect that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Ultra Clean 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 transaction, the general counsel owned 22,941 shares in the company, valued at $2,050,237.17. This trade represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sheri Savage sold 15,766 shares of Ultra Clean stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $89.47, for a total transaction of $1,410,584.02. Following the completion of the transaction, the chief financial officer directly owned 50,710 shares in the company, valued at approximately $4,537,023.70. This represents a 23.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 31,131 shares of company stock valued at $2,784,908 in the last ninety days. Company insiders own 1.80% 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.