Ultra Clean (NASDAQ:UCTT) Shares Gap Down After Insider Selling
by Amy Steele · The Cerbat GemUltra Clean Holdings, Inc. (NASDAQ:UCTT – Get Free Report) shares gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $92.55, but opened at $86.73. Ultra Clean shares last traded at $89.3320, with a volume of 167,972 shares traded.
Specifically, General Counsel Paul Yoonku Cho sold 944 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $89.37, for a total transaction of $84,365.28. Following the completion of the sale, the general counsel directly owned 22,941 shares of the company’s stock, valued at approximately $2,050,237.17. This trade represents a 3.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on UCTT shares. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. UBS Group started coverage on Ultra Clean in a research note on Tuesday, May 5th. They set a “buy” rating and a $130.00 price target for the company. Needham & Company LLC raised their price target on Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Craig Hallum reissued a “buy” rating and set a $100.00 price target on shares of Ultra Clean in a research note on Tuesday, February 24th. Finally, TD Cowen raised their target price on shares of Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $104.40.
Check Out Our Latest Stock Report on UCTT
Ultra Clean Trading Down 12.4%
The firm has a market capitalization of $3.68 billion, a PE ratio of -19.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.94. The stock’s 50-day moving average price is $78.00 and its 200 day moving average price is $54.19. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.72.
Ultra Clean (NASDAQ:UCTT – Get Free Report) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $533.70 million for the quarter, compared to analyst estimates of $525.28 million. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. On average, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 2.04 EPS for the current fiscal year.
Hedge Funds Weigh In On Ultra Clean
Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in shares of Ultra Clean during the third quarter valued at approximately $416,000. Goodman Financial Corp boosted its stake in shares of Ultra Clean by 3.7% during the fourth quarter. Goodman Financial Corp now owns 558,019 shares of the semiconductor company’s stock valued at $14,135,000 after purchasing an additional 20,011 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Ultra Clean during the fourth quarter valued at approximately $564,000. JPMorgan Chase & Co. boosted its stake in shares of Ultra Clean by 90.6% during the third quarter. JPMorgan Chase & Co. now owns 589,055 shares of the semiconductor company’s stock valued at $16,052,000 after purchasing an additional 279,953 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Ultra Clean by 55.7% during the third quarter. Pinnacle Associates Ltd. now owns 393,676 shares of the semiconductor company’s stock valued at $10,728,000 after purchasing an additional 140,822 shares in the last quarter. 96.06% of the stock is currently owned by 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.