Ultra Clean (NASDAQ:UCTT) Stock Price Down 8.4% – What’s Next?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price traded down 8.4% during mid-day trading on Wednesday . The company traded as low as $71.01 and last traded at $71.7030. 314,115 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 1,298,937 shares. The stock had previously closed at $78.25.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UCTT shares. TD Cowen increased their target price on shares of Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Research lowered shares of Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Oppenheimer upped their price objective on shares of Ultra Clean from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC increased their price objective on shares of Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Craig Hallum restated a “buy” rating and issued a $100.00 target price on shares of Ultra Clean in a research report on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ultra Clean has an average rating of “Moderate Buy” and a consensus price target of $98.00.

Ultra Clean Stock Up 8.5%

The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -18.22, a price-to-earnings-growth ratio of 1.31 and a beta of 1.81. The company has a quick ratio of 1.89, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $65.86 and a 200 day moving average price of $44.47.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $533.70 million during the quarter, compared to the consensus estimate of $525.28 million. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, analysts forecast that Ultra Clean Holdings, Inc. will post 1.57 EPS for the current year.

Hedge Funds Weigh In On Ultra Clean

A number of hedge funds have recently modified their holdings of UCTT. Invesco Ltd. increased its holdings in Ultra Clean by 63.1% in the fourth quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock valued at $86,118,000 after purchasing an additional 1,315,407 shares during the period. Millennium Management LLC lifted its holdings in Ultra Clean by 944.8% during the 4th quarter. Millennium Management LLC now owns 559,955 shares of the semiconductor company’s stock worth $14,184,000 after buying an additional 506,363 shares during the period. SG Americas Securities LLC grew its position in shares of Ultra Clean by 348.7% in the 1st quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock valued at $35,167,000 after buying an additional 439,526 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Ultra Clean by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock valued at $126,415,000 after buying an additional 293,048 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Ultra Clean by 90.6% in the third quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock valued at $16,052,000 after buying an additional 279,953 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Company Profile

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.