Bank of America Corp DE Takes Position in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Bank of America acquired 425,191 Ultra Clean shares worth approximately $60.6 million, representing about 0.95% of the company. Institutional investors collectively own 96.06% of UCTT, with BlackRock and other firms also establishing or expanding positions.
• Analysts remain broadly positive, with recent price-target increases from Needham, Oppenheimer and TD Cowen. Ultra Clean has a “Moderate Buy” consensus rating and an average price target of $129.
• Ultra Clean exceeded quarterly expectations, reporting $0.70 in EPS and $644.9 million in revenue, up 24.3% year over year. The company issued third-quarter 2026 EPS guidance of $0.83 to $1.03.

Bank of America Corp DE bought a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 425,191 shares of the semiconductor company's stock, valued at approximately $60,628,000. Bank of America Corp DE owned about 0.95% of Ultra Clean as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UCTT. BlackRock Inc. purchased a new position in shares of Ultra Clean during the 2nd quarter valued at approximately $986,722,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Ultra Clean in the second quarter worth about $86,723,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Ultra Clean during the 1st quarter worth about $36,486,000. SG Americas Securities LLC grew its position in shares of Ultra Clean by 348.7% during the 1st quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company's stock valued at $35,167,000 after acquiring an additional 439,526 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of Ultra Clean in the 2nd quarter valued at about $38,539,000. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UCTT has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on Ultra Clean from $92.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Oppenheimer increased their price objective on shares of Ultra Clean from $115.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of Ultra Clean from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. UBS Group reaffirmed a "buy" rating on shares of Ultra Clean in a research note on Tuesday, August 4th. Finally, TD Cowen lifted their price objective on Ultra Clean from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Ultra Clean has an average rating of "Moderate Buy" and a consensus price target of $129.00.

Ultra Clean Stock Performance

UCTT opened at $70.64 on Monday. Ultra Clean Holdings, Inc. has a twelve month low of $21.49 and a twelve month high of $144.22. The firm has a market capitalization of $3.17 billion, a PE ratio of -135.85, a PEG ratio of 0.76 and a beta of 1.88. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The firm's 50-day moving average price is $80.86 and its 200 day moving average price is $82.37.

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

About Ultra Clean

Ultra Clean Holdings, Inc NASDAQ: UCTT, doing business as Ultra Clean Technology, provides critical subsystems, components and services used in the semiconductor manufacturing industry. The company primarily serves semiconductor equipment manufacturers and semiconductor device producers, helping support the fabrication processes used to make integrated circuits and other advanced electronic components.

Ultra Clean's products include gas delivery systems, fluid and chemical delivery systems, vacuum assemblies, process modules, structural components and other engineered assemblies for semiconductor production equipment.

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