Ultra Clean (NASDAQ:UCTT) Given New $125.00 Price Target at Needham & Company LLC

Ultra Clean (NASDAQ:UCTT) had its target price raised by equities research analysts at Needham & Company LLC from $92.00 to $125.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price indicates a potential upside of 40.18% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Ultra Clean from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, July 24th. TD Cowen upped their price objective on shares of Ultra Clean from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. UBS Group began coverage on shares of Ultra Clean in a research report on Tuesday, May 5th. They set a “buy” rating and a $130.00 target price on the stock. Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Wall Street Zen cut Ultra Clean from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $120.00.

Ultra Clean Stock Performance

Shares of NASDAQ UCTT opened at $89.17 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72. Ultra Clean has a one year low of $21.49 and a one year high of $144.22. The business’s 50-day moving average price is $100.63 and its two-hundred day moving average price is $76.50. The company has a market capitalization of $4.00 billion, a P/E ratio of -20.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.17. The firm 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 9.38% and a positive return on equity of 4.28%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Analysts anticipate that Ultra Clean will post 2.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ultra Clean news, Director Emily M. Liggett sold 8,198 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total value of $755,691.64. Following the sale, the director owned 38,152 shares of the company’s stock, valued at $3,516,851.36. This trade represents a 17.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Sheri Savage sold 15,766 shares of Ultra Clean stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $89.47, for a total value 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 ownership of the stock. 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 48,034 shares of company stock worth $4,296,414 in the last 90 days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ultra Clean

Several large investors have recently bought and sold shares of UCTT. Royal Bank of Canada grew its position in Ultra Clean by 35.8% in the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 6,841 shares during the last quarter. AQR Capital Management LLC raised its holdings in Ultra Clean by 16.9% in the 1st quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock valued at $4,256,000 after acquiring an additional 28,690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ultra Clean by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock worth $566,000 after acquiring an additional 1,257 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Ultra Clean by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock valued at $1,822,000 after purchasing an additional 13,005 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of Ultra Clean by 1,987.5% in the first quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock valued at $3,173,000 after purchasing an additional 141,114 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean News Roundup

Here are the key news stories impacting Ultra Clean this week:

• Positive Sentiment: Ultra Clean reported second-quarter revenue of $644.9 million, up 24.3% year over year and above analyst estimates. Adjusted EPS of $0.70 also exceeded the roughly $0.52-$0.53 consensus, compared with $0.27 a year earlier. Ultra Clean Holdings Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management’s third-quarter outlook was significantly above consensus, calling for EPS of $0.83-$1.03 versus an estimate of $0.67 and revenue of $700-$750 million versus $667.6 million. The guidance suggests continued demand momentum in the semiconductor-equipment supply chain. Ultra Clean Earnings Results and Conference Call
• Positive Sentiment: The earnings call highlighted record quarterly revenue and year-over-year growth, reinforcing the company’s improving top-line trajectory. Ultra Clean Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Reported figures were less favorable than the adjusted results: diluted EPS was cited at $0.19, net income attributable to common shareholders was $8.7 million, and operating profit declined to $29.5 million. This difference could create confusion or temper enthusiasm despite the adjusted EPS beat. Ultra Clean Q2 2026 Financial Results Analysis
• Negative Sentiment: Operating cash flow was negative $41.1 million for the quarter, while capital expenditures totaled $16.2 million. Continued cash conversion concerns may offset the company’s revenue and guidance strength.
• Negative Sentiment: Recent insider activity showed 83 sales and no purchases over six months, a potential sentiment overhang for investors. UCTT also opened below its 50-day moving average, indicating near-term technical pressure despite trading above its 200-day average.

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.