Ultra Clean Holdings, Inc. $UCTT Shares Sold by Comerica Bank

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 trimmed its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Ultra Clean by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,847,408 shares of the semiconductor company's stock worth $103,783,000 after purchasing an additional 12,180 shares during the last quarter. Shapiro Capital Management LLC increased its position in shares of Ultra Clean by 66.8% in the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company's stock worth $98,736,000 after acquiring an additional 1,099,899 shares in the last quarter. Invesco Ltd. boosted its stake in Ultra Clean by 62.9% during the 1st quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company's stock valued at $36,005,000 after acquiring an additional 649,642 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Ultra Clean by 41.3% in the 4th quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock worth $25,686,000 after buying an additional 208,910 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Ultra Clean by 7.8% during the 4th quarter. Northern Trust Corp now owns 513,810 shares of the semiconductor company's stock valued at $18,471,000 after buying an additional 37,230 shares during the period. Hedge funds and other institutional investors own 96.06% of the company's stock.

Analysts Set New Price Targets

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

Ultra Clean Price Performance

UCTT traded up $0.21 during midday trading on Monday, hitting $24.59. The stock had a trading volume of 125,478 shares, compared to its average volume of 517,717. The business has a fifty day moving average of $23.83 and a 200 day moving average of $22.53. Ultra Clean Holdings, Inc. has a 1 year low of $16.66 and a 1 year high of $41.90. The company has a market cap of $1.11 billion, a P/E ratio of -7.27, a price-to-earnings-growth ratio of 0.95 and a beta of 2.14. 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 announced its earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.27. The business had revenue of $518.80 million for the quarter, compared to analysts' expectations of $500.83 million. Ultra Clean had a positive return on equity of 5.32% and a negative net margin of 7.15%.The business's revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. As a group, equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

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.