Ultra Clean (NASDAQ:UCTT) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ultra Clean (UCTT) from "hold" to "buy," joining several brokers that raised price targets to roughly $92–$100 and leaving a MarketBeat consensus of "Moderate Buy" with an average target of $98.
• Ultra Clean beat Q1 estimates with EPS of $0.31 versus $0.27 and revenue of $533.7M (up 2.9% YoY), and it set Q2 2026 guidance of $0.440–$0.600 EPS while analysts forecast about $1.57 for the year.
• The stock opened at $74.61 and trades near its 52-week high of $84.43 with a market cap of $3.34B and very high institutional ownership (~96%), though the company currently shows a negative P/E (-17.39).

Ultra Clean (NASDAQ:UCTT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Several other research firms have also recently issued reports on UCTT. TD Cowen raised their price objective on Ultra Clean from $70.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday. Oppenheimer raised their price objective on Ultra Clean from $85.00 to $100.00 and gave the stock an "outperform" rating in a report on Wednesday. Needham & Company LLC raised their price objective on Ultra Clean from $70.00 to $92.00 and gave the stock a "buy" rating in a report on Wednesday. Zacks Research cut Ultra Clean from a "strong-buy" rating to a "hold" rating in a report on Friday, April 24th. Finally, Craig Hallum restated a "buy" rating and set a $100.00 price objective on shares of Ultra Clean in a report on Tuesday, February 24th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $98.00.

Ultra Clean Price Performance

UCTT stock opened at $74.61 on Friday. Ultra Clean has a 52-week low of $18.52 and a 52-week high of $84.43. The stock's fifty day simple moving average is $65.86 and its 200-day simple moving average is $44.47. The company has a quick ratio of 1.89, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of -17.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.94.

Ultra Clean (NASDAQ:UCTT - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $525.28 million. During the same quarter last year, the firm earned $0.28 earnings per share. The business's revenue was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Equities research analysts expect that Ultra Clean will post 1.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Ultra Clean in the third quarter valued at $416,000. Optimize Financial Inc acquired a new position in Ultra Clean in the third quarter valued at $1,541,000. Y Intercept Hong Kong Ltd acquired a new position in Ultra Clean in the third quarter valued at $962,000. Goodman Financial Corp boosted its holdings in Ultra Clean by 3.7% in the fourth quarter. Goodman Financial Corp now owns 558,019 shares of the semiconductor company's stock valued at $14,135,000 after acquiring an additional 20,011 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Ultra Clean by 90.6% in the third 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 last quarter. Institutional investors and hedge funds own 96.06% of the company's stock.

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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