Comerica Bank Sells 30,467 Shares of Ultra Clean Holdings, Inc. $UCTT

Key Points

• Comerica Bank has reduced its stake in Ultra Clean Holdings, Inc. by 28.3% in the first quarter, now owning 77,219 shares valued at approximately $1.65 million.
• Other institutional investors, like Vanguard and Invesco, have increased their holdings in Ultra Clean, contributing to over 96% of the company's stock being owned by institutions.
• Analysts have upgraded their target price for Ultra Clean from $26 to $30, with a consensus rating of "Buy" and projected earnings per share of 1.09 for the fiscal year.

Comerica Bank lessened its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 28.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 77,219 shares of the semiconductor company's stock after selling 30,467 shares during the quarter. Comerica Bank owned about 0.17% of Ultra Clean worth $1,653,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new position in Ultra Clean during the 1st quarter valued at about $25,000. Versant Capital Management Inc grew its holdings in shares of Ultra Clean by 386.9% during the first quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 1,122 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Ultra Clean during the first quarter worth about $33,000. AlphaQuest LLC grew its holdings in shares of Ultra Clean by 1,321.9% during the first quarter. AlphaQuest LLC now owns 2,403 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 2,234 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Ultra Clean by 481.4% during the first quarter. Russell Investments Group Ltd. now owns 2,744 shares of the semiconductor company's stock worth $59,000 after purchasing an additional 2,272 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Ultra Clean Price Performance

NASDAQ:UCTT traded up $0.10 during mid-day trading on Tuesday, reaching $24.66. The stock had a trading volume of 67,854 shares, compared to its average volume of 515,844. The firm has a 50 day moving average price of $23.87 and a two-hundred day moving average price of $22.44. The stock has a market capitalization of $1.12 billion, a P/E ratio of -7.31, a P/E/G ratio of 0.95 and a beta of 2.14. Ultra Clean Holdings, Inc. has a one year low of $16.66 and a one year high of $41.90. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.86 and a current ratio of 3.06.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates of $0.27. The company had revenue of $518.80 million during the quarter, compared to the consensus estimate of $500.83 million. Ultra Clean had a positive return on equity of 5.32% and a negative net margin of 7.15%.Ultra Clean's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. As a group, analysts expect that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

Separately, Needham & Company LLC boosted their price objective on Ultra Clean from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $30.67.

Ultra Clean Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.