Ultra Clean (NASDAQ:UCTT) Raised to Strong-Buy at Zacks Research

Ultra Clean (NASDAQ:UCTT) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

UCTT has been the topic of several other research reports. UBS Group assumed coverage on shares of Ultra Clean in a report on Tuesday, May 5th. They issued a “buy” rating and a $130.00 target price on the stock. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Oppenheimer increased their price objective on Ultra Clean from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Craig Hallum reiterated a “buy” rating and issued a $100.00 price objective on shares of Ultra Clean in a report on Tuesday, February 24th. Finally, TD Cowen increased their price objective on Ultra Clean from $70.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $104.40.

Ultra Clean Stock Up 4.1%

Shares of NASDAQ:UCTT opened at $87.46 on Monday. The firm’s 50 day moving average price is $73.56 and its 200 day moving average price is $50.85. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of -20.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.94. Ultra Clean has a fifty-two week low of $18.93 and a fifty-two week high of $88.50. The company has a quick ratio of 1.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.86.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The firm had revenue of $533.70 million for the quarter, compared to analysts’ expectations of $525.28 million. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. 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 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, equities research analysts predict that Ultra Clean will post 2.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christopher S. Cook sold 11,903 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $75.31, for a total value of $896,414.93. Following the completion of the sale, the insider directly owned 108,905 shares of the company’s stock, valued at $8,201,635.55. This represents a 9.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Paul Yoonku Cho sold 2,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $86.89, for a total value of $173,780.00. Following the completion of the sale, the general counsel directly owned 15,844 shares of the company’s stock, valued at approximately $1,376,685.16. This trade represents a 11.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 40,777 shares of company stock worth $3,193,989. Insiders own 1.90% of the company’s stock.

Institutional Trading of Ultra Clean

A number of large investors have recently made changes to their positions in UCTT. Invesco Ltd. lifted its position in 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 acquiring an additional 1,315,407 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in Ultra Clean during the 1st quarter worth approximately $36,486,000. Millennium Management LLC lifted its position in Ultra Clean by 944.8% during the 4th quarter. Millennium Management LLC now owns 559,955 shares of the semiconductor company’s stock worth $14,184,000 after acquiring an additional 506,363 shares during the period. SG Americas Securities LLC lifted its position in Ultra Clean by 348.7% during the 1st quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock worth $35,167,000 after acquiring an additional 439,526 shares during the period. Finally, Bank of America Corp DE lifted its position in Ultra Clean by 502.4% during the 1st quarter. Bank of America Corp DE now owns 454,020 shares of the semiconductor company’s stock worth $28,231,000 after acquiring an additional 378,648 shares during the period. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean Company 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.