Ultra Clean (NASDAQ:UCTT) Reaches New 52-Week High – Still a Buy?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $91.36 and last traded at $88.2620, with a volume of 83900 shares changing hands. The stock had previously closed at $87.46.

Analysts Set New Price Targets

Several research firms have recently issued reports on UCTT. Craig Hallum reaffirmed a “buy” rating and set a $100.00 price objective on shares of Ultra Clean in a research report on Tuesday, February 24th. UBS Group initiated coverage on Ultra Clean in a research report on Tuesday, May 5th. They set a “buy” rating and a $130.00 target price on the stock. Needham & Company LLC boosted their target price on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer upped their price target on Ultra Clean from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $104.40.

Ultra Clean Price Performance

The stock has a market cap of $4.01 billion, a price-to-earnings ratio of -20.92, a PEG ratio of 1.18 and a beta of 1.94. The company has a 50-day moving average of $73.56 and a 200-day moving average of $50.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The firm had revenue of $533.70 million during the quarter, compared to the consensus estimate of $525.28 million. During the same period in the prior year, the business earned $0.28 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, equities research analysts predict that Ultra Clean Holdings, Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey L. Mckibben sold 4,205 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $87.00, for a total transaction of $365,835.00. Following the completion of the sale, the insider directly owned 11,349 shares of the company’s stock, valued at $987,363. This trade represents a 27.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Paul Yoonku Cho sold 2,000 shares of Ultra Clean stock in a transaction on Friday, May 8th. The shares were sold at an average price of $86.89, for a total transaction of $173,780.00. Following the completion of the transaction, the general counsel owned 15,844 shares in the company, valued at approximately $1,376,685.16. This trade represents a 11.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,777 shares of company stock worth $3,193,989 over the last three months. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Ultra Clean in the 3rd quarter valued at approximately $416,000. Optimize Financial Inc purchased a new position in shares of Ultra Clean during the 3rd quarter worth approximately $1,541,000. Goodman Financial Corp raised its stake in shares of Ultra Clean by 3.7% during the 4th quarter. Goodman Financial Corp now owns 558,019 shares of the semiconductor company’s stock worth $14,135,000 after buying an additional 20,011 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Ultra Clean in the 3rd quarter valued at approximately $962,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ultra Clean by 90.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock valued at $16,052,000 after buying an additional 279,953 shares during the period. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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.