Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Here’s What Happened

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) gapped up prior to trading on Monday . The stock had previously closed at $27.41, but opened at $29.06. Ultra Clean shares last traded at $28.4150, with a volume of 135,105 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Oppenheimer reaffirmed an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. TD Cowen upped their price objective on shares of Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Needham & Company LLC upped their price objective on shares of Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ultra Clean in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.33.

Ultra Clean Price Performance

The company has a market cap of $1.28 billion, a P/E ratio of -7.92, a P/E/G ratio of 1.12 and a beta of 2.14. The company’s 50-day moving average price is $26.99 and its 200-day moving average price is $23.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.21 and a quick ratio of 1.86.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Tuesday, October 28th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $510.00 million during the quarter, compared to the consensus estimate of $505.23 million. Ultra Clean had a negative net margin of 7.66% and a positive return on equity of 5.15%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. Ultra Clean has set its Q4 2025 guidance at 0.110-0.310 EPS. As a group, sell-side analysts predict that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Institutional Trading of Ultra Clean

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Frontier Capital Management Co. LLC boosted its holdings in Ultra Clean by 41.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,754,163 shares of the semiconductor company’s stock valued at $62,161,000 after purchasing an additional 808,277 shares during the period. Invesco Ltd. increased its position in Ultra Clean by 62.9% during the 1st quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock worth $36,005,000 after purchasing an additional 649,642 shares in the last quarter. Nuveen LLC acquired a new position in Ultra Clean during the 1st quarter worth approximately $6,893,000. BNP Paribas Financial Markets raised its stake in shares of Ultra Clean by 360.3% during the second quarter. BNP Paribas Financial Markets now owns 271,843 shares of the semiconductor company’s stock valued at $6,135,000 after acquiring an additional 212,791 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Ultra Clean during the second quarter valued at $4,347,000. Institutional investors own 96.06% of the company’s stock.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.