Ultra Clean (NASDAQ:UCTT) Reaches New 1-Year High – Still a Buy?

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) hit a new 52-week high during trading on Wednesday . The stock traded as high as $98.08 and last traded at $91.88, with a volume of 1545166 shares trading hands. The stock had previously closed at $83.93.

More Ultra Clean News

Here are the key news stories impacting Ultra Clean this week:

• Positive Sentiment: Ultra Clean was upgraded to a Zacks Rank #1 (Strong Buy), signaling improving earnings expectations and adding to bullish near-term sentiment. Article: What Makes Ultra Clean (UCTT) a New Strong Buy Stock
• Positive Sentiment: Additional commentary highlighted higher fair value estimates, richer assumptions, and rising analyst optimism, reinforcing the view that UCTT’s earnings outlook is improving. Article: Why The Ultra Clean Holdings (UCTT) Story Is Shifting With Higher Fair Value And Richer Assumptions
• Positive Sentiment: A separate bullish note argued that UCTT could benefit from a production ramp in the second half of 2026 and secular semiconductor wafer fab equipment spending, with a roadmap toward $4 billion in revenue over time. Article: Ultra Clean: H2 2026 Production Ramp Accelerates The Roadmap To $4B In Revenue
• Neutral Sentiment: Short interest data showed no meaningful change, so it does not appear to be a major driver for the stock today.
• Negative Sentiment: CFO Sheri Savage disclosed two pre-arranged Rule 10b5-1 stock sales totaling more than 30,000 shares, which can create some caution even though the transactions were planned in advance. Article: SEC filing for Sheri Savage sale
• Negative Sentiment: Another filing showed the CFO also sold additional shares, reinforcing that insider activity is the main bearish signal in the latest news flow. Article: SEC filing for Sheri Savage sale

Analyst Ratings Changes

UCTT has been the topic of several recent analyst reports. Oppenheimer increased their price objective on shares of Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group initiated coverage on shares of Ultra Clean in a research report on Tuesday, May 5th. They set a “buy” rating and a $130.00 price objective on the stock. Needham & Company LLC increased their price objective on shares of Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Zacks Research raised shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ultra Clean currently has a consensus rating of “Buy” and a consensus target price of $107.40.

Ultra Clean Stock Performance

The business’s fifty day moving average price is $79.15 and its 200-day moving average price is $55.33. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.72 and a current ratio of 3.07. The stock has a market cap of $4.12 billion, a PE ratio of -21.42, a P/E/G ratio of 1.18 and a beta of 1.94.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The firm had revenue of $533.70 million for the quarter, compared to the consensus estimate of $525.28 million. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, equities research analysts forecast that Ultra Clean Holdings, Inc. will post 2.04 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey L. Mckibben sold 4,205 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $87.00, for a total transaction of $365,835.00. Following the sale, the insider owned 11,349 shares of the company’s stock, valued at $987,363. This trade represents a 27.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jamie J. Palfrey sold 8,691 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $79.72, for a total transaction of $692,846.52. Following the sale, the senior vice president directly owned 16,446 shares in the company, valued at approximately $1,311,075.12. The trade was a 34.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 80,106 shares of company stock worth $6,734,589. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ultra Clean

Several institutional investors have recently made changes to their positions in UCTT. Invesco Ltd. lifted its stake in shares of Ultra Clean by 63.1% in the 4th quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock worth $86,118,000 after purchasing an additional 1,315,407 shares during the period. Cooper Creek Partners Management LLC bought a new position in shares of Ultra Clean in the 1st quarter worth approximately $36,486,000. Millennium Management LLC lifted its stake in shares of Ultra Clean by 944.8% in the 4th quarter. Millennium Management LLC now owns 559,955 shares of the semiconductor company’s stock worth $14,184,000 after purchasing an additional 506,363 shares during the period. SG Americas Securities LLC lifted its stake in shares of Ultra Clean by 348.7% in the 1st quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock worth $35,167,000 after purchasing an additional 439,526 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Ultra Clean by 502.4% in the 1st quarter. Bank of America Corp DE now owns 454,020 shares of the semiconductor company’s stock worth $28,231,000 after purchasing an additional 378,648 shares during the period. Institutional investors 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.