Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Still a Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $78.07, but opened at $81.08. Ultra Clean shares last traded at $81.2970, with a volume of 64,334 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on UCTT. UBS Group reissued a “buy” rating on shares of Ultra Clean 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 stock a “buy” rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Needham & Company LLC lifted their price objective on shares of Ultra Clean from $92.00 to $125.00 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 given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.00.

Ultra Clean Price Performance

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 company has a 50 day moving average price of $78.43 and a 200 day moving average price of $83.25. The company has a market capitalization of $3.60 billion, a P/E ratio of -153.99, a P/E/G ratio of 0.83 and a beta of 1.88.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $644.90 million for the quarter, compared to analysts’ expectations of $587.65 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm’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, equities analysts predict that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current fiscal year.

Institutional Trading of Ultra Clean

Several hedge funds and other institutional investors have recently modified their holdings of UCTT. EverSource Wealth Advisors LLC lifted its holdings in Ultra Clean by 37.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after buying an additional 196 shares during the period. Kilter Group LLC acquired a new stake in shares of Ultra Clean in the second quarter valued at about $30,000. Parkside Financial Bank & Trust raised its position in shares of Ultra Clean by 22.8% during the second quarter. Parkside Financial Bank & Trust now owns 1,262 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 234 shares during the last quarter. Swiss National Bank raised its position in shares of Ultra Clean by 0.4% during the first quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock worth $5,584,000 after acquiring an additional 400 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Ultra Clean by 10.3% in the first quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the semiconductor company’s stock worth $274,000 after acquiring an additional 414 shares during the period. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc (NASDAQ: UCTT), doing business as Ultra Clean Technology, provides critical subsystems, components and services used in the semiconductor manufacturing industry. The company primarily serves semiconductor equipment manufacturers and semiconductor device producers, helping support the fabrication processes used to make integrated circuits and other advanced electronic components.

Ultra Clean’s products include gas delivery systems, fluid and chemical delivery systems, vacuum assemblies, process modules, structural components and other engineered assemblies for semiconductor production equipment.