Vanguard Group Inc. Increases Holdings in Ultra Clean Holdings, Inc. $UCTT

Key Points

• Vanguard Group Inc. increased its stake in Ultra Clean Holdings by 0.3%, holding a total of 4,847,408 shares valued at approximately $103.78 million.
• Ultra Clean reported $518.80 million in revenue for the last quarter, exceeding the consensus estimate, and its earnings per share matched expectations at $0.27.
• Analysts have mixed views on Ultra Clean, with three giving it a Buy rating and price targets ranging from $26.00 to $32.00, while the consensus rating remains a Buy with an average target price of $30.67.

Vanguard Group Inc. boosted its stake in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,847,408 shares of the semiconductor company's stock after purchasing an additional 12,180 shares during the quarter. Vanguard Group Inc. owned about 10.74% of Ultra Clean worth $103,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Ellevest Inc. boosted its position in Ultra Clean by 3.5% during the fourth quarter. Ellevest Inc. now owns 13,263 shares of the semiconductor company's stock valued at $477,000 after purchasing an additional 445 shares in the last quarter. Bank of Montreal Can boosted its position in Ultra Clean by 6.4% during the fourth quarter. Bank of Montreal Can now owns 7,957 shares of the semiconductor company's stock valued at $286,000 after purchasing an additional 478 shares in the last quarter. Quarry LP boosted its position in Ultra Clean by 58.1% during the fourth quarter. Quarry LP now owns 1,913 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 703 shares in the last quarter. MetLife Investment Management LLC boosted its position in Ultra Clean by 2.9% during the fourth quarter. MetLife Investment Management LLC now owns 26,706 shares of the semiconductor company's stock valued at $960,000 after purchasing an additional 765 shares in the last quarter. Finally, State of Tennessee Department of Treasury boosted its position in Ultra Clean by 6.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 16,026 shares of the semiconductor company's stock valued at $576,000 after purchasing an additional 910 shares in the last quarter. Institutional investors own 96.06% of the company's stock.

Insider Activity

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. 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 report on Tuesday, July 29th. Wall Street Zen downgraded Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $30.67.

Ultra Clean Stock Up 3.3%

Ultra Clean stock traded up $0.79 during midday trading on Thursday, reaching $24.78. The company's stock had a trading volume of 360,094 shares, compared to its average volume of 412,147. The stock's 50-day simple moving average is $23.56 and its 200-day simple moving average is $23.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.86. 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 $1.12 billion, a P/E ratio of -7.33, a PEG ratio of 0.94 and a beta of 1.99.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.27 EPS for the quarter, meeting 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 during the quarter, compared to analysts' expectations of $500.83 million. During the same period last year, the business posted $0.32 earnings per share. The firm's 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. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

About Ultra Clean

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.