Ultra Clean Holdings, Inc. $UCTT Position Increased by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Ultra Clean Holdings, Inc. by 62.9% during the first quarter, owning 1,681,675 shares valued at approximately $36 million.
• Other institutional investors, including Vanguard and Shapiro Capital Management, also increased their holdings in Ultra Clean, highlighting growing financial interest in the semiconductor company.
• Ultra Clean reported quarterly earnings of $0.27 per share, matching analyst expectations, with revenue of $518.80 million, up 0.5% year-over-year.

Invesco Ltd. increased its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 62.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,681,675 shares of the semiconductor company's stock after buying an additional 649,642 shares during the quarter. Invesco Ltd. owned about 3.72% of Ultra Clean worth $36,005,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of UCTT. Shapiro Capital Management LLC grew its stake 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 valued at $98,736,000 after buying an additional 1,099,899 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Ultra Clean by 41.3% in the fourth quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company's stock valued at $25,686,000 after buying an additional 208,910 shares in the last quarter. Oberweis Asset Management Inc. grew its stake in shares of Ultra Clean by 39.4% in the fourth quarter. Oberweis Asset Management Inc. now owns 613,300 shares of the semiconductor company's stock valued at $22,048,000 after buying an additional 173,200 shares in the last quarter. Barclays PLC grew its stake in shares of Ultra Clean by 172.2% in the fourth quarter. Barclays PLC now owns 227,502 shares of the semiconductor company's stock valued at $8,178,000 after buying an additional 143,925 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Ultra Clean in the fourth quarter valued at about $3,988,000. Institutional investors and hedge funds own 96.06% of the company's stock.

Wall Street Analyst Weigh In

UCTT has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC raised their price objective on Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $30.67.

Insider Buying and Selling

In related news, insider Jeffrey L. Mckibben sold 6,294 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $20.87, for a total value of $131,355.78. Following the sale, the insider owned 21,996 shares of the company's stock, valued at approximately $459,056.52. This trade represents a 22.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Paul Yoonku Cho sold 4,084 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $21.06, for a total value of $86,009.04. Following the completion of the sale, the general counsel directly owned 23,345 shares in the company, valued at approximately $491,645.70. This trade represents a 14.89% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.90% of the company's stock.

Ultra Clean Stock Performance

NASDAQ:UCTT traded up $1.23 during trading hours on Friday, reaching $23.74. 365,694 shares of the stock were exchanged, compared to its average volume of 484,306. The company has a quick ratio of 1.86, a current ratio of 3.06 and a debt-to-equity ratio of 0.59. The firm has a 50 day simple moving average of $23.27 and a 200-day simple moving average of $23.61. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $41.90. The stock has a market capitalization of $1.08 billion, a P/E ratio of -7.02, a P/E/G ratio of 0.93 and a beta of 1.99.

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

Ultra Clean Company 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.