Ultra Clean (NASDAQ:UCTT) Shares Down 4.9% - Here's What Happened

Key Points

• Ultra Clean shares fell 4.9% to $62.86 during midday trading, with volume down 96% from the average session volume.
• The company reported quarterly EPS of $0.70, beating estimates of $0.53, while revenue rose 24.3% year over year to $644.9 million. Ultra Clean guided for third-quarter EPS of $0.83–$1.03.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and a $129 target price, although ratings range from Strong Buy to Sell. Institutional investors own 96.06% of the stock.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) dropped 4.9% during mid-day trading on Thursday . The stock traded as low as $63.17 and last traded at $62.86. 46,829 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,301,092 shares. The stock had previously closed at $66.07.

Wall Street Analyst Weigh In

Several analysts recently commented on UCTT shares. Weiss Ratings lowered Ultra Clean from a "sell (d)" rating to a "sell (d-)" rating in a report on Friday, August 7th. Zacks Research raised Ultra Clean from a "hold" rating to a "strong-buy" rating in a report on Monday, May 25th. Needham & Company LLC raised their price objective on shares of Ultra Clean from $92.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Ultra Clean from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Finally, UBS Group reiterated a "buy" rating on shares of Ultra Clean in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Ultra Clean currently has an average rating of "Moderate Buy" and a consensus target price of $129.00.

Ultra Clean Stock Up 0.6%

The company has a market cap of $2.98 billion, a price-to-earnings ratio of -127.72, a PEG ratio of 0.70 and a beta of 1.88. The business has a fifty day moving average of $91.28 and a two-hundred day moving average of $81.51. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84.

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. Ultra Clean had a positive return on equity of 6.99% and a negative net margin of 1.07%.The business had revenue of $644.90 million during the quarter, compared to analysts' expectations of $587.65 million. During the same period in the previous year, the business earned $0.27 earnings per share. The business's 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, equities analysts anticipate that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current fiscal year.

Institutional Trading of Ultra Clean

A number of institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System increased its stake in Ultra Clean by 14,062.1% during the 2nd quarter. California State Teachers Retirement System now owns 7,313,726 shares of the semiconductor company's stock worth $1,042,864,000 after buying an additional 7,262,083 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Ultra Clean in the second quarter worth about $986,722,000. Vanguard Group Inc. raised its holdings in Ultra Clean by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company's stock valued at $126,415,000 after acquiring an additional 293,048 shares during the last quarter. Invesco Ltd. lifted its stake in Ultra Clean by 63.1% in the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company's stock worth $86,118,000 after purchasing an additional 1,315,407 shares in the last quarter. Finally, State Street Corp grew its position in shares of Ultra Clean by 5.0% in the fourth quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company's stock valued at $46,923,000 after purchasing an additional 87,931 shares in the last quarter. Hedge funds and other institutional investors own 96.06% of the company's stock.

Ultra Clean Company 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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