Ultra Clean (NASDAQ:UCTT) Trading 11.6% Higher - What's Next?

Key Points

• Ultra Clean (UCTT) shares jumped 11.6% to about $70.74 midday, though trading volume was well below average (308,520 vs. 1.39M).
• Several analysts raised ratings/targets (TD Cowen to $70, Craig Hallum $100, Needham $70; Zacks moved to "strong-buy"), leaving a MarketBeat consensus of $81.25 and a "Moderate Buy" stance.
• Q4 results showed EPS of $0.22 (missed by $0.01) and revenue of $506.7M (slight beat) with revenue down 10.1% YoY, and management set Q1 2026 guidance of $0.18–$0.34 EPS.

Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) shares traded up 11.6% during mid-day trading on Wednesday . The company traded as high as $70.77 and last traded at $70.7380. 308,520 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,388,881 shares. The stock had previously closed at $63.39.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen raised their target price on Ultra Clean from $35.00 to $70.00 and gave the stock a "buy" rating in a research note on Tuesday, February 24th. Zacks Research raised Ultra Clean from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Ultra Clean in a research note on Monday, December 29th. Craig Hallum reissued a "buy" rating and set a $100.00 price objective on shares of Ultra Clean in a research report on Tuesday, February 24th. Finally, Needham & Company LLC raised their price objective on Ultra Clean from $50.00 to $70.00 and gave the stock a "buy" rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

Ultra Clean Stock Up 9.8%

The business has a 50-day moving average of $56.79 and a 200-day moving average of $38.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.89 and a current ratio of 3.19. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -17.39, a P/E/G ratio of 1.15 and a beta of 1.81.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last issued its quarterly earnings data on Monday, February 23rd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The business had revenue of $506.70 million for the quarter, compared to analyst estimates of $503.34 million. Ultra Clean had a positive return on equity of 3.88% and a negative net margin of 8.82%.The firm's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 earnings per share. Ultra Clean has set its Q1 2026 guidance at 0.180-0.340 EPS. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current year.

Hedge Funds Weigh In On Ultra Clean

A number of hedge funds and other institutional investors have recently bought and sold shares of UCTT. Invesco Ltd. boosted its holdings in Ultra Clean by 63.1% during the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company's stock valued at $86,118,000 after acquiring an additional 1,315,407 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Ultra Clean by 41.5% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,754,163 shares of the semiconductor company's stock valued at $62,161,000 after acquiring an additional 808,277 shares during the period. Millennium Management LLC boosted its holdings in Ultra Clean by 944.8% during the 4th quarter. Millennium Management LLC now owns 559,955 shares of the semiconductor company's stock valued at $14,184,000 after acquiring an additional 506,363 shares during the period. Vanguard Group Inc. boosted its holdings in Ultra Clean by 6.2% during 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 period. Finally, JPMorgan Chase & Co. boosted its holdings in Ultra Clean by 90.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company's stock valued at $16,052,000 after acquiring an additional 279,953 shares during the period. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

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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