Ultra Clean (NASDAQ:UCTT) Stock Falls 6.6% – Here’s Why

Ultra Clean Holdings, Inc. (NASDAQ:UCTT)’s share price fell 6.6% on Tuesday. The company traded as low as $59.40 and last traded at $59.3120. Approximately 800,077 shares changed hands during trading, a decline of 37% from the average daily volume of 1,262,961 shares. The stock had previously closed at $63.51.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UCTT shares. UBS Group set a $127.00 price target on shares of Ultra Clean in a research report on Thursday. TD Cowen boosted their price objective on shares of Ultra Clean from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded Ultra Clean from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Needham & Company LLC upped their target price on Ultra Clean from $92.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Freedom Broker began coverage on Ultra Clean in a report on Friday. They issued a “buy” rating and a $127.00 target price on the stock. Six equities 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.17.

Ultra Clean Stock Performance

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 stock has a 50-day simple moving average of $75.26 and a 200-day simple moving average of $84.26. The stock has a market cap of $2.68 billion, a P/E ratio of -114.48, a PEG ratio of 0.73 and a beta of 1.86.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.53 by $0.17. The firm had revenue of $644.90 million during the quarter, compared to the consensus estimate of $587.65 million. Ultra Clean had a positive return on equity of 6.99% and a negative net margin of 1.07%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Research analysts forecast that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current year.

Hedge Funds Weigh In On Ultra Clean

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Ultra Clean in the second quarter valued at approximately $986,722,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Ultra Clean during the second quarter worth $86,723,000. Bank of America Corp DE bought a new stake in shares of Ultra Clean during the second quarter worth $60,628,000. Assenagon Asset Management S.A. increased its holdings in shares of Ultra Clean by 96.7% during the second quarter. Assenagon Asset Management S.A. now owns 278,166 shares of the semiconductor company’s stock worth $39,664,000 after buying an additional 136,732 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Ultra Clean during the second quarter worth $38,539,000. 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.