Redwood Grove Capital LLC Buys Shares of 101,458 Ultra Clean Holdings, Inc. $UCTT

Redwood Grove Capital LLC purchased a new position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 101,458 shares of the semiconductor company's stock, valued at approximately $14,467,000. Ultra Clean comprises approximately 3.7% of Redwood Grove Capital LLC's investment portfolio, making the stock its 14th largest holding. Redwood Grove Capital LLC owned 0.23% of Ultra Clean at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in Ultra Clean by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 284 shares during the last quarter. Danske Bank A S grew its holdings in Ultra Clean by 450.0% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company's stock valued at $28,000 after buying an additional 900 shares during the period. Kilter Group LLC acquired a new position in shares of Ultra Clean during the 2nd quarter valued at about $30,000. AdvisorNet Financial Inc acquired a new position in shares of Ultra Clean during the 1st quarter valued at about $34,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Ultra Clean by 472.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,414 shares during the period. Institutional investors and hedge funds own 96.06% of the company's stock.

Insider Activity

In related news, General Counsel Paul Yoonku Cho sold 944 shares of the business's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total transaction of $84,365.28. Following the transaction, the general counsel directly owned 22,941 shares of the company's stock, valued at approximately $2,050,237.17. The trade was a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Sheri Savage sold 15,766 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $89.47, for a total value of $1,410,584.02. Following the completion of the transaction, the chief financial officer owned 50,710 shares of the company's stock, valued at approximately $4,537,023.70. This represents a 23.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,131 shares of company stock valued at $2,784,908 in the last ninety days. Company insiders own 1.80% of the company's stock.

Ultra Clean Price Performance

Ultra Clean stock opened at $73.32 on Wednesday. The firm has a fifty day moving average of $96.90 and a 200-day moving average of $80.73. 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. The firm has a market capitalization of $3.29 billion, a P/E ratio of -141.00, a PEG ratio of 0.78 and a beta of 1.88.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.17. Ultra Clean had a positive return on equity of 6.99% and a negative net margin of 1.07%.The firm had revenue of $644.90 million during the quarter, compared to the consensus estimate of $587.65 million. During the same period in the prior year, the firm earned $0.27 EPS. The firm's quarterly 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. As a group, analysts predict that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Analysts Set New Price Targets

UCTT has been the topic of several research analyst reports. Weiss Ratings cut shares of Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a research report on Friday, August 7th. Wall Street Zen raised shares of Ultra Clean from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Zacks Research raised shares of Ultra Clean from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 25th. TD Cowen lifted their price target on shares of Ultra Clean from $130.00 to $140.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Finally, UBS Group reissued a "buy" rating on shares of Ultra Clean in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $129.00.

Ultra Clean 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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