Ultra Clean (NASDAQ:UCTT) Shares Gap Down – Time to Sell?

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price gapped down prior to trading on Thursday. The stock had previously closed at $52.22, but opened at $48.26. Ultra Clean shares last traded at $46.79, with a volume of 208,382 shares traded.

Analyst Ratings Changes

A number of research firms have recently weighed in on UCTT. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Freedom Broker started coverage on shares of Ultra Clean in a report on Friday, October 9th. They issued a “buy” rating and a $127.00 target price on the stock. Weiss Ratings cut shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, August 7th. Needham & Company LLC raised their price target on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Oppenheimer raised their price target on shares of Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.17.

Ultra Clean Stock Performance

The company has a market cap of $2.00 billion, a PE ratio of -85.90, a P/E/G 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. The business has a fifty day moving average of $71.00 and a 200-day moving average of $83.92.

Ultra Clean (NASDAQ:UCTT) last released its quarterly 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 business had revenue of $644.90 million during the quarter, compared to analyst estimates of $587.65 million. During the same quarter in the prior year, the company posted $0.27 EPS. Ultra Clean’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. Equities research analysts anticipate that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current fiscal year.

Institutional Trading of Ultra Clean

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UCTT. BlackRock Inc. bought a new stake in Ultra Clean in the second quarter valued at $986,722,000. Paradigm Capital Management Inc. NY bought a new position in Ultra Clean in the 2nd quarter worth $86,723,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Ultra Clean in the 1st quarter worth about $36,486,000. SG Americas Securities LLC lifted its position in shares of Ultra Clean by 348.7% in the 1st quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock worth $35,167,000 after purchasing an additional 439,526 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Ultra Clean in the 2nd quarter worth about $60,628,000. Hedge funds and other institutional investors own 96.06% of the company’s stock.

About Ultra Clean

Ultra Clean Holdings, Inc (NASDAQ: UCTT) provides critical subsystems, components and services used in the production of semiconductor and other high-technology products. The company designs and manufactures gas delivery systems, fluid delivery systems, precision-machined components, process modules and other equipment used by semiconductor capital-equipment manufacturers.

Ultra Clean also provides contract manufacturing, analytical laboratory, equipment installation, repair, refurbishment and tool-maintenance services.