California State Teachers Retirement System Buys 7,262,083 Shares of Ultra Clean Holdings, Inc. $UCTT

Key Points

• California State Teachers Retirement System dramatically increased its Ultra Clean Holdings stake, purchasing 7.26 million additional shares in the second quarter. The fund now owns 7.31 million shares, or 16.31% of the company, valued at approximately $1.04 billion.
• Ultra Clean reported stronger-than-expected quarterly results, with EPS of $0.70 versus the $0.53 consensus estimate and revenue of $644.9 million, up 24.3% year over year. The company issued third-quarter 2026 EPS guidance of $0.83 to $1.03.
• Analyst sentiment is generally positive: Ultra Clean has a consensus “Moderate Buy” rating and a $129 price target, while several firms recently raised their targets. Institutional investors collectively own 96.06% of the company.

California State Teachers Retirement System lifted its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 14,062.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,313,726 shares of the semiconductor company's stock after purchasing an additional 7,262,083 shares during the period. California State Teachers Retirement System owned 16.31% of Ultra Clean worth $1,042,864,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of UCTT. Maverick Capital Ltd. bought a new stake in shares of Ultra Clean in the first quarter valued at approximately $1,263,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Ultra Clean during the 1st quarter valued at $710,000. Lombard Odier Asset Management Europe Ltd purchased a new stake in shares of Ultra Clean during the first quarter worth $3,197,000. Castleark Management LLC purchased a new stake in shares of Ultra Clean during the first quarter worth $6,226,000. Finally, Royal Bank of Canada boosted its holdings in shares of Ultra Clean by 114.3% in the first quarter. Royal Bank of Canada now owns 27,786 shares of the semiconductor company's stock worth $1,727,000 after acquiring an additional 14,818 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

Ultra Clean Trading Up 4.1%

Shares of Ultra Clean stock opened at $74.04 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.25. Ultra Clean Holdings, Inc. has a 1 year low of $21.49 and a 1 year high of $144.22. The firm has a market cap of $3.32 billion, a PE ratio of -142.38, a PEG ratio of 0.79 and a beta of 1.88. The company has a 50 day simple moving average of $84.32 and a two-hundred day simple moving average of $82.13.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.17. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The company had revenue of $644.90 million during the quarter, compared to the consensus estimate of $587.65 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm's revenue was up 24.3% compared to the same quarter last year. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Analysts expect that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UCTT shares. Wall Street Zen upgraded Ultra Clean from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Oppenheimer lifted their target price on Ultra Clean from $115.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. UBS Group reiterated a "buy" rating on shares of Ultra Clean in a research report on Tuesday, August 4th. Zacks Research raised shares of Ultra Clean from a "hold" rating to a "strong-buy" rating in a report on Monday, May 25th. Finally, Needham & Company LLC boosted their price objective on shares of Ultra Clean from $92.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ultra Clean currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.00.

Ultra Clean Company Profile

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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