Formula Growth Ltd. Makes New Investment in Ultra Clean Holdings, Inc. $UCTT

Formula Growth Ltd. purchased a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,900 shares of the semiconductor company’s stock, valued at approximately $1,697,000.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Ultra Clean by 35.8% during the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock valued at $555,000 after acquiring an additional 6,841 shares in the last quarter. AQR Capital Management LLC raised its position in Ultra Clean by 16.9% in the first quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock worth $4,256,000 after purchasing an additional 28,690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ultra Clean by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock worth $566,000 after purchasing an additional 1,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Ultra Clean by 18.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock worth $1,822,000 after purchasing an additional 13,005 shares during the period. Finally, Jane Street Group LLC lifted its stake in Ultra Clean by 1,987.5% during the first quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock worth $3,173,000 after purchasing an additional 141,114 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

Ultra Clean Trading Up 2.3%

UCTT opened at $74.75 on Friday. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.35 billion, a PE ratio of -143.75, a PEG ratio of 0.78 and a beta of 1.88. Ultra Clean Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $144.22. The firm has a 50-day moving average price of $95.20 and a two-hundred day moving average price of $81.12.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.17. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The company had revenue of $644.90 million for the quarter, compared to analyst estimates of $587.65 million. During the same period in the prior year, the business earned $0.27 earnings per share. Ultra Clean’s quarterly revenue was up 24.3% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UCTT shares. Weiss Ratings lowered Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. TD Cowen raised their target price on Ultra Clean from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Zacks Research raised Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Oppenheimer upped their price target on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.00.

Insiders Place Their Bets

In other news, General Counsel Paul Yoonku Cho sold 944 shares of Ultra Clean stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total value of $84,365.28. Following the completion of the sale, the general counsel directly owned 22,941 shares of the company’s stock, valued at approximately $2,050,237.17. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sheri Savage sold 15,766 shares of Ultra Clean 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 directly owned 50,710 shares of the company’s stock, valued at $4,537,023.70. This trade represents a 23.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,131 shares of company stock worth $2,784,908 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Ultra Clean Profile

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.