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

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) gapped up prior to trading on Monday. The stock had previously closed at $51.00, but opened at $54.56. Ultra Clean shares last traded at $52.8230, with a volume of 158,885 shares changing hands.

Analyst Ratings Changes

Several research firms have recently issued reports on UCTT. Weiss Ratings lowered Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, August 7th. Zacks Research cut Ultra Clean from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. Needham & Company LLC raised their price target on Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Freedom Broker began coverage on Ultra Clean in a research note on Friday, October 9th. They issued a “buy” rating and a $127.00 price target for the company. Finally, TD Cowen boosted their price target on Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.17.

Ultra Clean Price Performance

The company’s 50-day moving average is $73.05 and its 200-day moving average is $84.15. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of -102.00, a price-to-earnings-growth ratio of 0.55 and a beta of 1.86. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 EPS for the quarter, beating the consensus estimate 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 business had revenue of $644.90 million during the quarter, compared to the consensus estimate of $587.65 million. During the same period in the previous year, the business 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. Equities research analysts predict that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current year.

Hedge Funds Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently modified their holdings of UCTT. EverSource Wealth Advisors LLC raised its holdings in shares of Ultra Clean by 37.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company’s stock worth $45,000 after buying an additional 196 shares in the last quarter. Kilter Group LLC bought a new stake in shares of Ultra Clean during the 2nd quarter worth $30,000. GAMMA Investing LLC lifted its position in shares of Ultra Clean by 3.5% during the 3rd quarter. GAMMA Investing LLC now owns 6,199 shares of the semiconductor company’s stock worth $502,000 after buying an additional 208 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Ultra Clean by 22.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,262 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 234 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Ultra Clean by 0.4% in the first quarter. Swiss National Bank now owns 89,800 shares of the semiconductor company’s stock valued at $5,584,000 after buying an additional 400 shares in the last quarter. Institutional investors own 96.06% of the company’s stock.

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.