6,632 Shares in Ultra Clean Holdings, Inc. $UCTT Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 6,632 shares of the semiconductor company’s stock, valued at approximately $412,000.

Several other hedge funds have also recently modified their holdings of UCTT. Vanguard Group Inc. grew its holdings in shares of Ultra Clean by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock valued at $126,415,000 after acquiring an additional 293,048 shares in the last quarter. Invesco Ltd. raised its stake in shares of Ultra Clean by 63.1% during the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock worth $86,118,000 after purchasing an additional 1,315,407 shares during the period. State Street Corp boosted its holdings in shares of Ultra Clean by 5.0% in the 4th quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock worth $46,923,000 after buying an additional 87,931 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ultra Clean by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company’s stock worth $20,798,000 after buying an additional 43,987 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Ultra Clean by 90.6% during the third quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock valued at $16,052,000 after buying an additional 279,953 shares during the period. Institutional investors own 96.06% of the company’s stock.

Wall Street Analysts Forecast Growth

UCTT has been the topic of several research reports. Oppenheimer lifted their price objective on shares of Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 9th. Needham & Company LLC raised their price target on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday, July 7th. TD Cowen raised their target price on Ultra Clean from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Ultra Clean currently has an average rating of “Buy” and an average target price of $113.40.

Ultra Clean Stock Performance

NASDAQ:UCTT opened at $92.60 on Friday. The business’s fifty day moving average is $99.08 and its 200 day moving average is $71.51. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of -21.59, a PEG ratio of 1.36 and a beta of 1.83. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07. Ultra Clean Holdings, Inc. has a 52-week low of $21.28 and a 52-week high of $144.22.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $533.70 million during the quarter, compared to the consensus estimate of $525.28 million. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Research analysts predict that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current year.

Insider Buying and Selling

In other Ultra Clean news, SVP Jamie J. Palfrey sold 8,691 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total value of $692,846.52. Following the sale, the senior vice president directly owned 16,446 shares in the company, valued at $1,311,075.12. This represents a 34.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christopher S. Cook sold 11,903 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $75.31, for a total transaction of $896,414.93. Following the completion of the sale, the insider owned 108,905 shares in the company, valued at $8,201,635.55. This represents a 9.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 80,106 shares of company stock valued at $6,734,589 in the last three months. Insiders own 1.80% of the company’s stock.

About Ultra Clean

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.