Assenagon Asset Management S.A. Acquires 136,732 Shares of Ultra Clean Holdings, Inc. $UCTT

Key Points

• Assenagon Asset Management nearly doubled its Ultra Clean Holdings position, acquiring 136,732 additional shares to own 278,166 shares valued at approximately $39.7 million. Institutional investors collectively hold 96.06% of UCTT.
• Ultra Clean exceeded quarterly expectations, reporting $0.70 in EPS versus the $0.53 consensus and $644.9 million in revenue, up 24.3% year over year. The company guided to third-quarter 2026 EPS of $0.83–$1.03.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus and an average price target of $129; however, insiders sold 43,534 shares worth roughly $3.9 million over the past three months.

Assenagon Asset Management S.A. grew its holdings in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 96.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,166 shares of the semiconductor company's stock after acquiring an additional 136,732 shares during the period. Assenagon Asset Management S.A. owned about 0.62% of Ultra Clean worth $39,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UCTT. Harbor Investment Advisory LLC purchased a new stake in Ultra Clean during the 2nd quarter valued at approximately $62,000. AdvisorNet Financial Inc bought a new stake in shares of Ultra Clean during the first quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Ultra Clean by 37.3% in the first quarter. EverSource Wealth Advisors LLC now owns 721 shares of the semiconductor company's stock worth $45,000 after buying an additional 196 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Ultra Clean by 40.3% during the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company's stock worth $25,000 after acquiring an additional 284 shares during the last quarter. Finally, Danske Bank A S boosted its position in shares of Ultra Clean by 450.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 96.06% of the company's stock.

Ultra Clean Trading Up 4.9%

UCTT opened at $87.25 on Friday. The stock has a 50-day moving average of $100.29 and a 200 day moving average of $77.42. The company has a current ratio of 2.73, a quick ratio of 1.72 and a debt-to-equity ratio of 0.84. Ultra Clean Holdings, Inc. has a 12 month low of $21.49 and a 12 month high of $144.22. The firm has a market cap of $3.91 billion, a P/E ratio of -167.79, a P/E/G ratio of 1.16 and a beta of 1.88.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.17. The business had revenue of $644.90 million for 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 company's quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 earnings per share. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. As a group, research analysts forecast that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Insider Buying and Selling

In other Ultra Clean news, Director Emily M. Liggett sold 8,198 shares of the business's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total transaction of $755,691.64. Following the transaction, the director owned 38,152 shares in the company, valued at $3,516,851.36. The trade was a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Sheri Savage sold 15,766 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $89.47, for a total value of $1,410,584.02. Following the transaction, the chief financial officer directly owned 50,710 shares in the company, valued at approximately $4,537,023.70. This represents a 23.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 43,534 shares of company stock valued at $3,906,434 in the last three months. Corporate insiders own 1.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UCTT. Weiss Ratings lowered Ultra Clean from a "sell (d+)" rating to a "sell (d)" rating in a research report on Friday, July 24th. Zacks Research raised Ultra Clean from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 25th. Oppenheimer raised their price target on Ultra Clean from $115.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday. TD Cowen lifted their price objective on Ultra Clean from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, UBS Group reaffirmed a "buy" rating on shares of Ultra Clean in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $129.00.

Ultra Clean 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.

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