Ultra Clean (NASDAQ:UCTT) Announces Earnings Results

Key Points

• Ultra Clean (NASDAQ:UCTT) reported earnings of $0.15 EPS for the quarter, missing expectations by $0.12 from a consensus estimate of $0.27.
• The company's stock price increased by $0.76 on the day of the earnings release, reaching $24.72, amidst a trading volume lower than its average.
• Several research firms have downgraded Ultra Clean's stock rating and reduced price targets, with Oppenheimer setting a new target of $30.00 after previously having it at $60.00.

Ultra Clean (NASDAQ:UCTT - Get Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27, Briefing.com reports. The company had revenue of $518.80 million during the quarter, compared to analysts' expectations of $500.83 million. Ultra Clean had a positive return on equity of 5.32% and a negative net margin of 7.15%. The business's quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Ultra Clean updated its Q3 2025 guidance to 0.140-0.340 EPS.

Ultra Clean Stock Down 3.3%

Shares of UCTT stock traded down $0.75 on Friday, reaching $21.77. 96,837 shares of the company were exchanged, compared to its average volume of 541,422. Ultra Clean has a one year low of $16.66 and a one year high of $41.90. The company has a market cap of $982.73 million, a price-to-earnings ratio of -6.43, a PEG ratio of 0.92 and a beta of 2.07. The company has a 50-day moving average of $22.51 and a 200-day moving average of $25.25. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.83.

Insider Buying and Selling

In other Ultra Clean news, 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 value of $86,009.04. Following the completion of the sale, the general counsel owned 23,345 shares of the company's stock, valued at approximately $491,645.70. This trade represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jamie J. Palfrey sold 9,500 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $19.20, for a total value of $182,400.00. Following the completion of the transaction, the senior vice president owned 30,465 shares in the company, valued at approximately $584,928. This represents a 23.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,878 shares of company stock valued at $399,765. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Ultra Clean by 16.9% in the first quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company's stock valued at $4,256,000 after acquiring an additional 28,690 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Ultra Clean by 1,987.5% during the 1st quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company's stock worth $3,173,000 after purchasing an additional 141,114 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Ultra Clean by 18.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company's stock worth $1,822,000 after buying an additional 13,005 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ultra Clean by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company's stock valued at $566,000 after buying an additional 1,257 shares during the period. Finally, Royal Bank of Canada increased its holdings in Ultra Clean by 35.8% during the first quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company's stock worth $555,000 after buying an additional 6,841 shares during the last quarter. Institutional investors own 96.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. TD Cowen reduced their price objective on shares of Ultra Clean from $48.00 to $32.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered Ultra Clean from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Needham & Company LLC boosted their price target on Ultra Clean from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Oppenheimer cut their price target on Ultra Clean from $60.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, April 11th.

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.