Ultra Clean (NASDAQ:UCTT) Shares Gap Down – Time to Sell?

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) gapped down before the market opened on Thursday. The stock had previously closed at $52.22, but opened at $48.26. Ultra Clean shares last traded at $46.79, with a volume of 208,382 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 4th. Freedom Broker started coverage on Ultra Clean in a research report on Friday, October 9th. They issued a “buy” rating and a $127.00 target price for the company. Zacks Research cut Ultra Clean from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Needham & Company LLC increased their price target on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, TD Cowen lifted their price objective on shares of Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $128.17.

Ultra Clean Stock Up 1.9%

The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average price of $69.24 and a 200-day moving average price of $83.52. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of -87.15, a P/E/G ratio of 0.48 and a beta of 1.86.

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

Hedge Funds Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kilter Group LLC bought a new position in Ultra Clean in the 2nd quarter worth about $30,000. Harbor Investment Advisory LLC bought a new position in shares of Ultra Clean in the second quarter worth $62,000. Reyes Financial Architecture Inc. bought a new position in Ultra Clean in the 3rd quarter valued at about $37,000. AdvisorNet Financial Inc acquired a new stake in shares of Ultra Clean in the 1st quarter worth approximately $34,000. Finally, Global Retirement Partners LLC acquired a new position in shares of Ultra Clean during the second quarter valued at approximately $82,000. 96.06% of the stock is owned by institutional investors and hedge funds.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.