Ultra Clean (NASDAQ:UCTT) Shares Up 9.1% - Time to Buy?

Key Points

• Ultra Clean Holdings, Inc. saw its stock price increase by 9.1%, closing at $28.28, with a significant decline in trading volume of 89% compared to its daily average.
• Analysts have a consensus Buy rating on the stock, with Needham & Company raising its price target from $26.00 to $30.00.
• The company reported earnings of $0.27 per share for the last quarter, matching analyst estimates, and a revenue of $518.80 million, slightly above expectations.

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT - Get Free Report) shot up 9.1% on Thursday . The company traded as high as $27.83 and last traded at $28.28. 54,648 shares changed hands during trading, a decline of 89% from the average session volume of 507,783 shares. The stock had previously closed at $25.91.

Wall Street Analysts Forecast Growth

Separately, 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, July 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ultra Clean currently has a consensus rating of "Buy" and a consensus price target of $30.67.

Ultra Clean Stock Up 6.1%

The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -8.69, a price-to-earnings-growth ratio of 1.08 and a beta of 2.14. The firm has a 50 day simple moving average of $24.13 and a 200-day simple moving average of $22.44. 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 the consensus estimate of $0.27. The business 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 firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. On average, sell-side analysts forecast that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Ultra Clean

A number of large investors have recently bought and sold shares of UCTT. Byrne Asset Management LLC acquired a new stake in Ultra Clean during the 1st quarter valued at $25,000. Versant Capital Management Inc grew its holdings in shares of Ultra Clean by 386.9% during the first quarter. Versant Capital Management Inc now owns 1,412 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 1,122 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Ultra Clean by 237.6% in the second quarter. Allworth Financial LP now owns 1,330 shares of the semiconductor company's stock valued at $30,000 after buying an additional 936 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Ultra Clean in the first quarter valued at about $33,000. Finally, Smartleaf Asset Management LLC lifted its position in Ultra Clean by 472.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,414 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors.

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.