Ultra Clean (NASDAQ:UCTT) Shares Down 6.6% – Should You Sell?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) dropped 6.6% during trading on Tuesday. The stock traded as low as $59.40 and last traded at $59.3120. 800,077 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,262,961 shares. The stock had previously closed at $63.51.

Wall Street Analysts Forecast Growth

UCTT has been the subject of a number of analyst reports. Freedom Broker initiated coverage on shares of Ultra Clean in a research report on Friday, October 9th. They issued a “buy” rating and a $127.00 price objective for the company. Zacks Research lowered Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. TD Cowen boosted their target price on Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Needham & Company LLC increased their price target on Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Oppenheimer increased their price target on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ultra Clean presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.17.

Ultra Clean Trading Down 8.7%

The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of -99.99, a price-to-earnings-growth ratio of 0.65 and a beta of 1.86. The firm has a fifty day moving average price of $74.32 and a 200-day moving average price of $84.21.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kilter Group LLC bought a new position in shares of Ultra Clean during the second quarter valued at $30,000. Harbor Investment Advisory LLC acquired a new position in shares of Ultra Clean during the second quarter worth $62,000. AdvisorNet Financial Inc acquired a new position in shares of Ultra Clean during the first quarter worth $34,000. Global Retirement Partners LLC bought a new stake in shares of Ultra Clean in the second quarter worth $82,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Ultra Clean by 37.3% in the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 96.06% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT) is a manufacturer and service provider for the semiconductor and other advanced-technology industries. The company designs and produces critical subsystems, components and assemblies used in semiconductor processing equipment, supporting customers throughout the equipment life cycle.

Its products and services include gas and fluid delivery systems, process modules, precision-machined components, equipment enclosures, and other high-purity assemblies.