Bank of New York Mellon Corp Acquires New Stake in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Bank of New York Mellon acquired 270,278 Ultra Clean shares worth approximately $38.5 million, representing about 0.60% of the company. Institutional investors and hedge funds collectively own 96.06% of UCTT.
• Ultra Clean exceeded quarterly expectations, reporting $0.70 EPS versus the $0.53 consensus and $644.9 million in revenue, up 24.3% year over year. The company guided for third-quarter 2026 EPS of $0.83–$1.03.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus rating and a $129 price target; several firms recently raised their targets, although one analyst maintained a sell rating.

Bank of New York Mellon Corp acquired a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 270,278 shares of the semiconductor company's stock, valued at approximately $38,539,000. Bank of New York Mellon Corp owned about 0.60% of Ultra Clean as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Ultra Clean by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company's stock valued at $126,415,000 after purchasing an additional 293,048 shares during the period. Invesco Ltd. raised its stake in shares of 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 buying an additional 1,315,407 shares in the last quarter. State Street Corp lifted its holdings in shares of Ultra Clean by 5.0% in the 4th quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company's stock valued at $46,923,000 after buying an additional 87,931 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Ultra Clean by 5.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company's stock valued at $20,798,000 after buying an additional 43,987 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in Ultra Clean during the first quarter worth $36,486,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Price Performance

Ultra Clean stock opened at $69.48 on Friday. The stock has a market capitalization of $3.11 billion, a P/E ratio of -133.62, a P/E/G ratio of 0.80 and a beta of 1.88. Ultra Clean Holdings, Inc. has a 12-month low of $21.49 and a 12-month high of $144.22. 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 firm's 50-day moving average is $94.17 and its two-hundred day moving average is $81.04.

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

Insider Activity at Ultra Clean

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 944 shares of the business's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total value of $84,365.28. Following the completion of the transaction, the general counsel directly owned 22,941 shares in the company, valued at approximately $2,050,237.17. The trade was a 3.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Sheri Savage sold 15,766 shares of the stock in a transaction on Thursday, June 4th. The stock was 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 sold a total of 31,131 shares of company stock valued at $2,784,908 over the last ninety days. 1.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UCTT has been the topic of several research analyst reports. TD Cowen boosted their target price on shares of Ultra Clean from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Weiss Ratings cut shares of Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a research note on Friday, August 7th. Zacks Research raised shares of Ultra Clean from a "hold" rating to a "strong-buy" rating in a report on Monday, May 25th. Oppenheimer upped their target price on shares of Ultra Clean from $115.00 to $150.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC increased their target price on shares of Ultra Clean from $92.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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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