Ultra Clean (NASDAQ:UCTT) Stock Price Down 5.2% – Here’s Why

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded down 5.2% during mid-day trading on Friday. The stock traded as low as $74.87 and last traded at $74.59. Approximately 769,444 shares traded hands during trading, a decline of 39% from the average session volume of 1,259,575 shares. The stock had previously closed at $78.64.

Analyst Ratings Changes

UCTT has been the subject of several research reports. UBS Group reiterated a “buy” rating on shares of Ultra Clean in a research report on Tuesday, August 4th. Needham & Company LLC lifted their target price on Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. TD Cowen raised their target price on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Oppenheimer upped their price target on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. One 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.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.00.

Ultra Clean Stock Down 7.1%

The firm’s fifty day moving average is $77.09 and its 200 day moving average is $83.76. The stock has a market cap of $3.27 billion, a P/E ratio of -142.42, a P/E/G ratio of 0.87 and a beta of 1.85. 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 (NASDAQ:UCTT) last released its earnings results 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. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The business had revenue of $644.90 million during the quarter, compared to analysts’ expectations of $587.65 million. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. As a group, equities research analysts forecast that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Hedge Funds Weigh In On Ultra Clean

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in shares of Ultra Clean by 37.3% during the first 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 bought a new stake in shares of Ultra Clean in the 2nd quarter worth approximately $30,000. Parkside Financial Bank & Trust lifted its position in shares of Ultra Clean by 22.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,262 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 234 shares during the last quarter. Swiss National Bank increased its stake in Ultra Clean by 0.4% in the 1st quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock worth $5,584,000 after purchasing an additional 400 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Ultra Clean by 10.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,414 shares of the semiconductor company’s stock valued at $274,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT) is a manufacturer and service provider for the semiconductor and other advanced-technology industries. The company designs and produces critical subsystems, components and assemblies used in semiconductor processing equipment, supporting customers throughout the equipment life cycle.

Its products and services include gas and fluid delivery systems, process modules, precision-machined components, equipment enclosures, and other high-purity assemblies.