Fifth Third Bancorp Raises Stock Holdings in Ultra Clean Holdings, Inc. $UCTT

Fifth Third Bancorp boosted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 39,557.3% during the first quarter, Holdings Channel.com reports. The fund owned 84,470 shares of the semiconductor company’s stock after purchasing an additional 84,257 shares during the quarter. Fifth Third Bancorp’s holdings in Ultra Clean were worth $5,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its stake in Ultra Clean by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 284 shares in the last quarter. Danske Bank A S increased its holdings in shares of 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. AdvisorNet Financial Inc purchased a new stake in Ultra Clean in the 1st quarter valued at about $34,000. Smartleaf Asset Management LLC raised 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 valued at $39,000 after purchasing an additional 1,414 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Ultra Clean in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

Ultra Clean Stock Performance

Shares of UCTT stock opened at $92.43 on Friday. Ultra Clean Holdings, Inc. has a 12-month low of $21.28 and a 12-month high of $144.22. The company has a current ratio of 3.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $99.18 and a 200-day simple moving average of $71.65. The company has a market cap of $4.14 billion, a price-to-earnings ratio of -21.55, a price-to-earnings-growth ratio of 1.24 and a beta of 1.83.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $533.70 million during the quarter, compared to analysts’ expectations of $525.28 million. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. On average, equities analysts forecast that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current year.

Insider Activity

In related news, SVP Jamie J. Palfrey sold 8,691 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total value of $692,846.52. Following the sale, the senior vice president directly owned 16,446 shares of the company’s stock, valued at approximately $1,311,075.12. This trade represents a 34.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sheri Savage sold 15,766 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 50,710 shares of the company’s stock, valued at approximately $4,537,023.70. The trade was 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 80,106 shares of company stock valued at $6,734,589 in the last 90 days. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

UCTT has been the topic of a number of recent research reports. TD Cowen upped their price objective on Ultra Clean from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Oppenheimer lifted their target price on Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, June 9th. Weiss Ratings raised Ultra Clean from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. UBS Group initiated coverage on shares of Ultra Clean in a report on Tuesday, May 5th. They set a “buy” rating and a $130.00 price target for the company. Finally, Needham & Company LLC increased their price objective on Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $113.40.

Ultra Clean 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.