Ultra Clean (NASDAQ:UCTT) Shares Gap Down – Here’s Why

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) gapped down prior to trading on Tuesday . The stock had previously closed at $123.14, but opened at $111.38. Ultra Clean shares last traded at $112.4590, with a volume of 149,797 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UCTT. Oppenheimer upped their price target on shares of Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research report on Sunday. Needham & Company LLC boosted their price objective on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. UBS Group began coverage on Ultra Clean in a research report on Tuesday, May 5th. They issued a “buy” rating and a $130.00 target price for the company. Finally, Craig Hallum reiterated a “buy” rating and issued a $100.00 target price on shares of Ultra Clean in a research note on Tuesday, February 24th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ultra Clean currently has a consensus rating of “Buy” and an average price target of $107.40.

Ultra Clean Price Performance

The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of -25.76, a price-to-earnings-growth ratio of 1.62 and a beta of 1.94. The business’s fifty day simple moving average is $87.73 and its 200 day simple moving average is $60.87.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share 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 revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Research analysts predict that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Insider Transactions at Ultra Clean

In related news, Director Emily M. Liggett sold 8,198 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total value of $755,691.64. Following the sale, the director directly owned 38,152 shares of the company’s stock, valued at $3,516,851.36. This represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.00, for a total transaction of $365,835.00. Following the transaction, the insider directly owned 11,349 shares in the company, valued at $987,363. The trade was a 27.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 80,106 shares of company stock valued at $6,734,589 in the last three months. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Ultra Clean

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its position in shares of Ultra Clean by 63.1% in the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock worth $86,118,000 after buying an additional 1,315,407 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in Ultra Clean during the first quarter worth about $36,486,000. Millennium Management LLC raised its stake in Ultra Clean by 944.8% during the fourth quarter. Millennium Management LLC now owns 559,955 shares of the semiconductor company’s stock worth $14,184,000 after acquiring an additional 506,363 shares during the period. SG Americas Securities LLC lifted its holdings in Ultra Clean by 348.7% in the first quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock worth $35,167,000 after acquiring an additional 439,526 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Ultra Clean by 502.4% in the first quarter. Bank of America Corp DE now owns 454,020 shares of the semiconductor company’s stock worth $28,231,000 after acquiring an additional 378,648 shares during the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

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.