Ultra Clean Holdings, Inc. $UCTT Shares Bought by Bank of America Corp DE

Key Points

• Bank of America increased its Ultra Clean Holdings position by 502.4% in the first quarter, owning 454,020 shares valued at approximately $28.2 million. Institutional investors collectively hold 96.06% of the company’s stock.
• Insiders sold 39,329 shares worth about $3.54 million over the past 90 days, while analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $129 price target.
• Ultra Clean’s latest quarterly results exceeded expectations, with adjusted earnings of $0.70 per share and revenue of $644.9 million, up 24.3% year over year. The company issued third-quarter 2026 EPS guidance of $0.83 to $1.03.

Bank of America Corp DE lifted its position in Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 502.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 454,020 shares of the semiconductor company's stock after purchasing an additional 378,648 shares during the quarter. Bank of America Corp DE owned approximately 1.01% of Ultra Clean worth $28,231,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in 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 period. Invesco Ltd. boosted its stake in shares of Ultra Clean by 63.1% in the fourth quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company's stock valued at $86,118,000 after buying an additional 1,315,407 shares in the last quarter. State Street Corp grew its holdings in Ultra Clean by 5.0% during the fourth quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company's stock worth $46,923,000 after acquiring an additional 87,931 shares during the period. Charles Schwab Investment Management Inc. grew its position in Ultra Clean by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 821,088 shares of the semiconductor company's stock worth $20,798,000 after buying an additional 43,987 shares during the period. Finally, Cooper Creek Partners Management LLC purchased a new position in Ultra Clean in the first quarter valued at about $36,486,000. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, General Counsel Paul Yoonku Cho sold 944 shares of Ultra Clean stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total transaction of $84,365.28. Following the sale, the general counsel directly owned 22,941 shares of the company's stock, valued at $2,050,237.17. This trade represents a 3.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Emily M. Liggett sold 8,198 shares of the firm's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $92.18, for a total transaction of $755,691.64. Following the transaction, the director owned 38,152 shares of the company's stock, valued at approximately $3,516,851.36. This represents a 17.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 39,329 shares of company stock valued at $3,540,599. Corporate insiders own 1.80% of the company's stock.

Analyst Upgrades and Downgrades

UCTT has been the topic of a number of research reports. Zacks Research raised shares of Ultra Clean from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 25th. Oppenheimer upped their price target on shares of Ultra Clean from $115.00 to $150.00 and gave the company an "outperform" rating in a report on Tuesday, August 4th. Weiss Ratings lowered shares of Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a research report on Friday, August 7th. TD Cowen lifted their price objective on Ultra Clean from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Needham & Company LLC upped their target price on Ultra Clean from $92.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $129.00.

Ultra Clean Price Performance

NASDAQ:UCTT opened at $84.93 on Monday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of -163.33, a price-to-earnings-growth ratio of 0.91 and a beta of 1.88. The stock has a 50-day simple moving average of $100.16 and a 200 day simple moving average of $79.16. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.25 and a current ratio of 2.73. Ultra Clean Holdings, Inc. has a one year low of $21.49 and a one year high of $144.22.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $644.90 million for the quarter, compared to analysts' expectations of $587.65 million. During the same quarter last year, the company earned $0.27 EPS. The company's revenue for the quarter 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. Sell-side analysts predict that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source