Ultra Clean (NASDAQ:UCTT) Stock Price Up 6.6% – Time to Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price shot up 6.6% during mid-day trading on Friday . The company traded as high as $70.16 and last traded at $71.00. 87,731 shares were traded during trading, a decline of 93% from the average session volume of 1,297,208 shares. The stock had previously closed at $66.59.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UCTT. Needham & Company LLC increased their target price on shares of Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. UBS Group reaffirmed a “buy” rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Oppenheimer increased their price objective on shares of Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Finally, Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Ultra Clean presently has an average rating of “Moderate Buy” and a consensus price target of $129.00.

Ultra Clean Stock Up 7.0%

The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -137.07, a P/E/G ratio of 0.71 and a beta of 1.88. The business has a 50 day simple moving average of $90.20 and a 200-day simple moving average of $81.59. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.53 by $0.17. The business had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. Ultra Clean had a positive return on equity of 6.99% and a negative net margin of 1.07%.The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. On average, equities analysts expect that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Hedge Funds Weigh In On Ultra Clean

A number of institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Ultra Clean by 37.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock valued at $45,000 after buying an additional 196 shares during the period. Kilter Group LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter worth approximately $30,000. Quadrant Capital Group LLC raised its position in shares of Ultra Clean by 40.3% during 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 during the period. ProShare Advisors LLC raised its position in shares of Ultra Clean by 2.7% during the 4th quarter. ProShare Advisors LLC now owns 13,491 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 350 shares during the period. Finally, Swiss National Bank lifted its holdings in Ultra Clean by 0.4% in the first quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock valued at $5,584,000 after acquiring an additional 400 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

About Ultra Clean

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.