Ultra Clean (NASDAQ:UCTT) Research Coverage Started at Freedom Broker

Freedom Broker started coverage on shares of Ultra Clean (NASDAQ:UCTT) in a research note released on Friday morning,Benzinga reports. The brokerage issued a buy rating and a $127.00 price objective on the semiconductor company’s stock.

A number of other research analysts also recently commented on UCTT. Zacks Research downgraded Ultra Clean from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Oppenheimer raised their price objective on Ultra Clean from $115.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Needham & Company LLC upped their target price on Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, TD Cowen upped their target price on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.17.

Ultra Clean Stock Performance

Ultra Clean stock opened at $68.59 on Friday. Ultra Clean has a 12-month low of $21.49 and a 12-month high of $144.22. 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 market capitalization of $3.07 billion, a price-to-earnings ratio of -131.90, a price-to-earnings-growth ratio of 0.73 and a beta of 1.86. The firm’s fifty day moving average price is $75.77 and its 200 day moving average price is $84.27.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $644.90 million during the quarter, compared to the consensus estimate of $587.65 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s 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. On average, research analysts forecast that Ultra Clean will post 2.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Ultra Clean

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kilter Group LLC bought a new position in shares of Ultra Clean during the second quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of Ultra Clean during the 2nd quarter worth approximately $62,000. AdvisorNet Financial Inc bought a new stake in shares of Ultra Clean in the 1st quarter worth approximately $34,000. Global Retirement Partners LLC bought a new stake in shares of Ultra Clean in the 2nd quarter worth approximately $82,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Ultra Clean by 37.3% in the 1st 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. 96.06% of the stock is currently owned by institutional investors and hedge funds.

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.