Ultra Clean Holdings, Inc. $UCTT Shares Bought by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Ultra Clean Holdings stake by 114.3% in the first quarter, owning 27,786 shares worth approximately $1.73 million. Institutional investors collectively hold 96.06% of the company.
• Analyst sentiment is broadly positive: Ultra Clean has a consensus “Moderate Buy” rating and a $129 average price target, with recent target increases from Needham, Oppenheimer, and TD Cowen.
• Ultra Clean exceeded quarterly expectations with $0.70 in EPS versus $0.53 forecast and $644.9 million in revenue, up 24.3% year over year. However, insiders sold 39,329 shares worth about $3.54 million over the past 90 days, while the stock opened at $81.82 after declining 6.9%.

Royal Bank of Canada grew its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 114.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,786 shares of the semiconductor company's stock after purchasing an additional 14,818 shares during the period. Royal Bank of Canada owned approximately 0.06% of Ultra Clean worth $1,727,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in Ultra Clean by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 284 shares during the period. Danske Bank A S increased its stake in Ultra Clean by 450.0% during 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. AdvisorNet Financial Inc bought a new stake in shares of Ultra Clean during the 1st quarter worth about $34,000. Smartleaf Asset Management LLC raised its position 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 buying an additional 1,414 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Ultra Clean in the 3rd quarter worth approximately $45,000. 96.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Ultra Clean from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Weiss Ratings cut Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, August 7th. Needham & Company LLC upped their target price on Ultra Clean from $92.00 to $125.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Oppenheimer increased their price target on Ultra Clean from $115.00 to $150.00 and gave the company an "outperform" rating in a research note on Tuesday, August 4th. Finally, TD Cowen lifted their price target on Ultra Clean from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $129.00.

Insider Activity at Ultra Clean

In related news, General Counsel Paul Yoonku Cho sold 944 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $89.37, for a total value of $84,365.28. Following the completion of the transaction, the general counsel owned 22,941 shares of the company's stock, valued at approximately $2,050,237.17. This trade represents a 3.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sheri Savage sold 15,766 shares of Ultra Clean stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $89.47, for a total transaction of $1,410,584.02. Following the transaction, the chief financial officer owned 50,710 shares in the company, valued at approximately $4,537,023.70. The trade was a 23.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 39,329 shares of company stock worth $3,540,599. 1.80% of the stock is owned by corporate insiders.

Ultra Clean Trading Down 6.9%

Shares of UCTT opened at $81.82 on Wednesday. The business's 50-day moving average price is $100.04 and its 200 day moving average price is $79.71. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $3.67 billion, a P/E ratio of -157.35, a P/E/G ratio of 0.91 and a beta of 1.88. Ultra Clean Holdings, Inc. has a 1-year low of $21.49 and a 1-year high of $144.22.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.17. The company had revenue of $644.90 million during the quarter, compared to analyst estimates of $587.65 million. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The business's quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Analysts expect that Ultra Clean Holdings, Inc. will post 2.67 earnings per share for the current year.

About Ultra Clean

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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