Vanguard Group Inc. Acquires 12,180 Shares of 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 filing with the Securities and Exchange Commission (SEC). The firm owned 4,847,408 shares of the semiconductor company's stock after acquiring an additional 12,180 shares during the period. Vanguard Group Inc. owned 10.74% of Ultra Clean worth $103,783,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UCTT. Blair William & Co. IL raised its stake in Ultra Clean by 126.1% in the first quarter. Blair William & Co. IL now owns 22,100 shares of the semiconductor company's stock valued at $473,000 after purchasing an additional 12,325 shares in the last quarter. Goodman Financial Corp raised its position in shares of Ultra Clean by 18.0% in the 1st quarter. Goodman Financial Corp now owns 456,308 shares of the semiconductor company's stock valued at $9,770,000 after buying an additional 69,657 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Ultra Clean by 104.8% during the 1st quarter. Federated Hermes Inc. now owns 58,470 shares of the semiconductor company's stock worth $1,252,000 after acquiring an additional 29,925 shares during the period. Foundations Investment Advisors LLC boosted its position in shares of Ultra Clean by 153.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 15,609 shares of the semiconductor company's stock worth $334,000 after acquiring an additional 9,448 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of Ultra Clean during the 1st quarter worth approximately $211,000. 96.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ultra Clean news, insider Jeffrey L. Mckibben sold 6,294 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $20.87, for a total transaction of $131,355.78. Following the completion of the sale, the insider owned 21,996 shares of the company's stock, valued at approximately $459,056.52. This represents a 22.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Paul Yoonku Cho sold 4,084 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $21.06, for a total transaction of $86,009.04. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

Ultra Clean Trading Down 0.3%

NASDAQ UCTT traded down $0.08 during trading hours on Wednesday, reaching $23.78. The company's stock had a trading volume of 136,840 shares, compared to its average volume of 526,753. The firm has a fifty day simple moving average of $23.40 and a 200-day simple moving average of $23.41. The stock has a market cap of $1.08 billion, a P/E ratio of -7.04, a P/E/G ratio of 0.92 and a beta of 1.99. Ultra Clean Holdings, Inc. has a 52 week low of $16.66 and a 52 week high of $41.90. 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 (NASDAQ:UCTT - Get Free Report) last posted its earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share for the quarter, hitting analysts' consensus estimates of $0.27. The firm had revenue of $518.80 million for the quarter, compared to analyst estimates of $500.83 million. Ultra Clean had a negative net margin of 7.15% and a positive return on equity of 5.32%. The company's revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 EPS. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. Equities analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on UCTT shares. Wall Street Zen cut Ultra Clean from a "hold" rating to a "sell" rating in a research note on Wednesday, April 30th. TD Cowen dropped their price objective on Ultra Clean from $48.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Needham & Company LLC lifted their target price on Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $30.67.

Ultra Clean Company Profile

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.