Pictet Asset Management Holding SA Takes $454,000 Position in Ultra Clean Holdings, Inc. $UCTT

Pictet Asset Management Holding SA acquired a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,306 shares of the semiconductor company’s stock, valued at approximately $454,000.

Several other institutional investors have also added to or reduced their stakes in UCTT. Vanguard Group Inc. boosted its stake in Ultra Clean by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock worth $126,415,000 after acquiring an additional 293,048 shares in the last quarter. Invesco Ltd. increased its holdings in 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 acquiring an additional 1,315,407 shares during the last quarter. State Street Corp lifted its holdings in Ultra Clean by 5.0% during the fourth quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock valued at $46,923,000 after purchasing an additional 87,931 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ultra Clean by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock worth $20,798,000 after purchasing an additional 43,987 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Ultra Clean by 90.6% in the third quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock worth $16,052,000 after purchasing an additional 279,953 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $106.27 on Friday. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of -24.77, a PEG ratio of 1.42 and a beta of 1.83. The business has a 50 day moving average of $97.64 and a 200 day moving average of $69.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72. Ultra Clean Holdings, Inc. has a 1-year low of $21.28 and a 1-year high of $144.22.

Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $533.70 million for 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 business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. On average, sell-side analysts predict that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Sheri Savage sold 15,766 shares of the company’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $89.47, for a total value of $1,410,584.02. Following the completion of the sale, the chief financial officer owned 50,710 shares of the company’s stock, valued at approximately $4,537,023.70. This represents a 23.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total transaction of $755,691.64. Following the completion of the transaction, the director owned 38,152 shares in the company, valued at approximately $3,516,851.36. The trade was a 17.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 80,106 shares of company stock worth $6,734,589 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oppenheimer increased their target price on Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. UBS Group began coverage on shares of Ultra Clean in a report on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Ultra Clean in a research report on Friday, June 26th. Finally, TD Cowen increased their target price on Ultra Clean from $100.00 to $130.00 and gave the company a “buy” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $113.40.

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.