Nicholas Investment Partners LP Buys Shares of 60,338 Ultra Clean Holdings, Inc. $UCTT

Key Points

• Nicholas Investment Partners bought 60,338 Ultra Clean Holdings shares worth approximately $8.6 million, while institutional investors collectively owned 96.06% of the company.
• Analyst sentiment is largely positive: Ultra Clean has a “Moderate Buy” consensus rating and an average price target of $129, with TD Cowen and Oppenheimer recently raising their targets.
• Ultra Clean exceeded quarterly expectations, reporting $0.70 in EPS versus a $0.53 consensus estimate and $644.9 million in revenue, up 24.3% year over year; however, insiders sold $3.54 million of stock over the past 90 days.

Nicholas Investment Partners LP purchased a new position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,338 shares of the semiconductor company's stock, valued at approximately $8,604,000. Nicholas Investment Partners LP owned 0.13% of Ultra Clean at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UCTT. BlackRock Inc. purchased a new stake in shares of Ultra Clean in the 2nd quarter worth about $986,722,000. Vanguard Group Inc. grew its position in shares of 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 last quarter. Invesco Ltd. increased 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 purchasing an additional 1,315,407 shares in the last quarter. State Street Corp grew its holdings in Ultra Clean by 5.0% during 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 worth $20,798,000 after acquiring an additional 43,987 shares during the last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. TD Cowen boosted their price objective on shares of Ultra Clean from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. UBS Group restated a "buy" rating on shares of Ultra Clean in a report on Tuesday, August 4th. Zacks Research raised shares of Ultra Clean from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 25th. Oppenheimer upped their price objective on Ultra Clean from $115.00 to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, August 4th. Finally, Weiss Ratings lowered shares of Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Ultra Clean presently has an average rating of "Moderate Buy" and an average price target of $129.00.

Ultra Clean Stock Performance

Shares of UCTT opened at $72.78 on Tuesday. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -139.96, a PEG ratio of 0.82 and a beta of 1.88. The business's 50 day moving average is $97.62 and its two-hundred day moving average is $80.52. The company has a quick ratio of 1.25, a current ratio of 2.73 and a debt-to-equity ratio of 0.84. Ultra Clean Holdings, Inc. has a 52-week low of $21.49 and a 52-week high of $144.22.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $0.27 EPS. The company's revenue was up 24.3% on a year-over-year basis. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Analysts forecast that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current fiscal year.

Insider Activity at Ultra Clean

In other news, Director Emily M. Liggett sold 8,198 shares of Ultra Clean stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total transaction of $755,691.64. Following the sale, the director owned 38,152 shares of the company's stock, valued at approximately $3,516,851.36. The trade was a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Sheri Savage sold 15,766 shares of the firm's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $89.47, for a total value of $1,410,584.02. Following the completion of the sale, the chief financial officer owned 50,710 shares in the company, valued at approximately $4,537,023.70. This represents a 23.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 39,329 shares of company stock worth $3,540,599 in the last 90 days. 1.80% of the stock is currently owned by company insiders.

Ultra Clean Company 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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