Ultra Clean (NASDAQ:UCTT) Price Target Cut to $100.00 by Analysts at TD Cowen

Key Points

• TD Cowen cut Ultra Clean’s price target from $140 to $100 but maintained a “buy” rating, implying approximately 85.8% upside from the stock’s $53.82 price. Analysts overall assign the shares a “Moderate Buy” rating with an average target of $114.
• Ultra Clean reported quarterly earnings of $1.15 per share and revenue of $759 million, exceeding consensus estimates. Revenue increased 48.8% year over year, while management cited strong AI-related chip demand and plans to expand production capacity.
• Shares rose 4.5% during Wednesday trading but remain below their 50-day and 200-day moving averages, reflecting continued volatility and risks from supply constraints.

Ultra Clean (NASDAQ:UCTT - Get Free Report) had its price target reduced by investment analysts at TD Cowen from $140.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. TD Cowen's price objective suggests a potential upside of 85.82% from the stock's current price.

Several other research firms also recently weighed in on UCTT. Weiss Ratings downgraded Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a research note on Friday, August 7th. Oppenheimer boosted their target price on Ultra Clean from $115.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Freedom Broker assumed coverage on Ultra Clean in a report on Friday, October 9th. They set a "buy" rating and a $127.00 price target for the company. UBS Group reaffirmed a "buy" rating on shares of Ultra Clean in a research report on Wednesday. Finally, Needham & Company LLC dropped their price target on shares of Ultra Clean from $125.00 to $80.00 and set a "buy" rating on the stock in a research note on Wednesday. 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, Ultra Clean has an average rating of "Moderate Buy" and an average price target of $114.00.

Ultra Clean Stock Up 4.5%

Shares of Ultra Clean stock traded up $2.34 during trading on Wednesday, hitting $53.82. The company's stock had a trading volume of 2,115,855 shares, compared to its average volume of 1,281,000. Ultra Clean has a 52 week low of $21.49 and a 52 week high of $144.22. The company has a market capitalization of $2.41 billion, a PE ratio of -105.20, a P/E/G ratio of 0.48 and a beta of 1.86. The company has a fifty day simple moving average of $68.00 and a two-hundred day simple moving average of $73.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The semiconductor company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.94 by $0.21. The business had revenue of $759.00 million for the quarter, compared to analyst estimates of $727.55 million. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. Ultra Clean's quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities research analysts predict that Ultra Clean 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 bought and sold shares of UCTT. Maverick Capital Ltd. purchased a new position in Ultra Clean during the 1st quarter valued at approximately $1,263,000. Lisanti Capital Growth LLC bought a new position in shares of Ultra Clean during the 2nd quarter valued at approximately $6,600,000. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Ultra Clean in the first quarter valued at $3,197,000. Castleark Management LLC bought a new stake in Ultra Clean in the first quarter worth $6,226,000. Finally, Insight Wealth Strategies LLC purchased a new stake in Ultra Clean during the second quarter valued at $6,768,000. Institutional investors own 96.06% of the company's stock.

Key Headlines Impacting Ultra Clean

Here are the key news stories impacting Ultra Clean this week:

• Positive Sentiment: Q3 earnings and revenue beat estimates. Ultra Clean reported adjusted earnings of $1.15 per share, ahead of consensus estimates ranging from $0.91 to $0.94, while revenue reached $759 million versus approximately $728 million expected. Revenue rose 48.8% year over year, and EPS increased substantially from $0.28 in the prior-year quarter. Ultra Clean Holdings Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: AI demand is supporting growth expectations. Management highlighted strong demand for chips used in artificial-intelligence applications and outlined plans to reach roughly $4 billion in production capacity by early 2027, signaling confidence in continued customer demand. UCTT Q3 Earnings Call Highlights AI Demand and Capacity Expansion
• Positive Sentiment: Profitability improved despite operational constraints. The earnings call indicated margin gains even as the company managed supply limitations, reinforcing the favorable reaction to the quarter. Ultra Clean Q3 2026 Earnings Call Transcript
• Neutral Sentiment: Trading volume was above average as investors reassessed Ultra Clean following the earnings release. However, the stock remains below its reported 50-day and 200-day moving averages, reflecting continued volatility.
• Negative Sentiment: Supply constraints remain a risk to production and margins, although management said profitability improved despite those pressures.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.