Ultra Clean (NASDAQ:UCTT) Hits New 12-Month High - Here's What Happened

Key Points

• Ultra Clean Holdings (NASDAQ:UCTT) hit a new 52-week high, trading as high as $91.36 after closing at $87.46 the prior session.
• Analysts remain bullish on the semiconductor supplier, with recent price-target hikes from firms like Needham and TD Cowen; the stock now carries a consensus Buy rating and an average target price of $104.40.
• The company also topped recent earnings expectations, reporting $0.31 EPS versus the $0.27 estimate and $533.7 million in quarterly revenue, while issuing Q2 2026 guidance of $0.44 to $0.60 EPS.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $91.36 and last traded at $88.2620, with a volume of 83900 shares trading hands. The stock had previously closed at $87.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Needham & Company LLC increased their price target on Ultra Clean from $70.00 to $92.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Craig Hallum restated a "buy" rating and issued a $100.00 price objective on shares of Ultra Clean in a research report on Tuesday, February 24th. Wall Street Zen raised Ultra Clean from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. TD Cowen lifted their price target on shares of Ultra Clean from $70.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 29th. Finally, UBS Group assumed coverage on shares of Ultra Clean in a research report on Tuesday, May 5th. They set a "buy" rating and a $130.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $104.40.

Ultra Clean Trading Up 2.4%

The company has a 50 day simple moving average of $73.56 and a 200 day simple moving average of $50.85. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07. The company has a market capitalization of $4.01 billion, a PE ratio of -20.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.94.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last released its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The business had revenue of $533.70 million for the quarter, compared to the consensus estimate of $525.28 million. During the same quarter last year, the business posted $0.28 earnings per share. The business's quarterly revenue was up 2.9% compared to the same quarter last year. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Analysts anticipate that Ultra Clean Holdings, Inc. will post 2.04 earnings per share for the current year.

Insider Buying and Selling at Ultra Clean

In other news, General Counsel Paul Yoonku Cho sold 2,000 shares of the firm's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $86.89, for a total value of $173,780.00. Following the transaction, the general counsel directly owned 15,844 shares of the company's stock, valued at approximately $1,376,685.16. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the business's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.00, for a total transaction of $365,835.00. Following the transaction, the insider owned 11,349 shares in the company, valued at $987,363. The trade was a 27.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 40,777 shares of company stock worth $3,193,989. Company insiders own 1.90% of the company's stock.

Institutional Investors Weigh In On Ultra Clean

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its position in Ultra Clean by 148.9% during the third quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 554 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Ultra Clean by 40.3% in the fourth quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company's stock valued at $25,000 after buying an additional 284 shares in the last quarter. Danske Bank A S increased its stake in Ultra Clean by 450.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 900 shares during the period. AdvisorNet Financial Inc purchased a new stake in Ultra Clean during the 1st quarter worth approximately $34,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Ultra Clean by 472.9% during the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,414 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

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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