Ultra Clean (NASDAQ:UCTT) Shares Gap Up – Here’s What Happened

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares gapped up prior to trading on Thursday . The stock had previously closed at $111.61, but opened at $119.12. Ultra Clean shares last traded at $122.5540, with a volume of 156,779 shares changing hands.

Wall Street Analyst Weigh In

UCTT has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Oppenheimer boosted their price target on shares of Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, June 9th. TD Cowen increased their price objective on shares of Ultra Clean from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. UBS Group assumed coverage on shares of Ultra Clean in a research report on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective for the company. Finally, Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $107.40.

Ultra Clean Stock Performance

The firm has a 50 day moving average of $84.51 and a two-hundred day moving average of $58.83. The stock has a market cap of $5.47 billion, a PE ratio of -28.52, a PEG ratio of 1.46 and a beta of 1.94. 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 (NASDAQ:UCTT) last announced its quarterly earnings results 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 negative net margin of 9.38% and a positive return on equity of 4.28%. The company had revenue of $533.70 million for the quarter, compared to analyst estimates of $525.28 million. During the same period in the prior year, the firm posted $0.28 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Research analysts predict that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Insider Transactions at Ultra Clean

In related news, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total transaction of $755,691.64. Following the sale, the director directly owned 38,152 shares in the company, valued at $3,516,851.36. This trade represents a 17.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher S. Cook sold 11,903 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $75.31, for a total transaction of $896,414.93. Following the completion of the sale, the insider directly owned 108,905 shares of the company’s stock, valued at approximately $8,201,635.55. This trade represents a 9.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 80,106 shares of company stock worth $6,734,589. Insiders own 1.80% of the company’s stock.

Institutional Trading of Ultra Clean

A number of large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Ultra Clean by 148.9% during the third quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock worth $25,000 after buying an additional 554 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Ultra Clean by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 284 shares during the period. Danske Bank A S boosted its holdings in shares of Ultra Clean by 450.0% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 900 shares during the period. AdvisorNet Financial Inc purchased a new position in shares of Ultra Clean during the first quarter worth approximately $34,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Ultra Clean by 472.9% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 1,414 shares during the period. 96.06% of the stock is 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.