Ultra Clean (NASDAQ:UCTT) Shares Gap Down – Here’s Why

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) shares gapped down prior to trading on Monday . The stock had previously closed at $74.04, but opened at $68.12. Ultra Clean shares last traded at $69.0650, with a volume of 61,734 shares.

Analysts Set New Price Targets

UCTT has been the subject of a number of analyst reports. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. UBS Group reaffirmed a “buy” rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Zacks Research upgraded Ultra Clean from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. TD Cowen lifted their price target on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Oppenheimer increased their price objective on Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.00.

Ultra Clean Trading Down 1.1%

The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.25. The company has a fifty day moving average of $83.04 and a 200-day moving average of $82.22. The firm has a market capitalization of $2.94 billion, a PE ratio of -126.27, a price-to-earnings-growth ratio of 0.71 and a beta of 1.88.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 EPS 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 in the previous year, the company posted $0.27 earnings per share. The business’s quarterly 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. On average, sell-side analysts anticipate that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current fiscal year.

Institutional Trading of Ultra Clean

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Ultra Clean during the second quarter worth approximately $986,722,000. Paradigm Capital Management Inc. NY bought a new position in shares of Ultra Clean in the second quarter valued at approximately $86,723,000. Cooper Creek Partners Management LLC acquired a new stake in shares of Ultra Clean in the first quarter worth $36,486,000. SG Americas Securities LLC lifted its stake in shares of Ultra Clean by 348.7% in the first quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock worth $35,167,000 after buying an additional 439,526 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Ultra Clean during the 2nd quarter worth $60,628,000. 96.06% of the stock is owned by institutional investors.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT), doing business as Ultra Clean Technology, provides critical subsystems, components and services used in the semiconductor manufacturing industry. The company primarily serves semiconductor equipment manufacturers and semiconductor device producers, helping support the fabrication processes used to make integrated circuits and other advanced electronic components.

Ultra Clean’s products include gas delivery systems, fluid and chemical delivery systems, vacuum assemblies, process modules, structural components and other engineered assemblies for semiconductor production equipment.