Strs Ohio Raises Stake in Ultra Clean Holdings, Inc. $UCTT

Strs Ohio boosted its position in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 168.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,400 shares of the semiconductor company’s stock after acquiring an additional 5,900 shares during the period. Strs Ohio’s holdings in Ultra Clean were worth $584,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of Ultra Clean by 63.1% during 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 last quarter. Millennium Management LLC increased its holdings in Ultra Clean by 944.8% in the fourth quarter. Millennium Management LLC now owns 559,955 shares of the semiconductor company’s stock valued at $14,184,000 after buying an additional 506,363 shares during the last quarter. SG Americas Securities LLC raised its stake in Ultra Clean by 348.7% in the first quarter. SG Americas Securities LLC now owns 565,569 shares of the semiconductor company’s stock valued at $35,167,000 after buying an additional 439,526 shares in the last quarter. Vanguard Group Inc. raised its stake in Ultra Clean by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock valued at $126,415,000 after buying an additional 293,048 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted 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 worth $16,052,000 after buying an additional 279,953 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UCTT. Weiss Ratings reiterated a “sell (d)” rating on shares of Ultra Clean in a report on Friday, June 26th. Oppenheimer boosted their target price on Ultra Clean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Wall Street Zen raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 25th. Finally, TD Cowen boosted their price objective on shares of Ultra Clean from $100.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $113.40.

Ultra Clean Price Performance

Shares of NASDAQ UCTT opened at $106.19 on Friday. The stock has a market cap of $4.76 billion, a P/E ratio of -24.75, a P/E/G ratio of 1.35 and a beta of 1.83. Ultra Clean Holdings, Inc. has a twelve month low of $21.28 and a twelve month high of $144.22. The stock has a 50 day moving average of $96.95 and a two-hundred day moving average of $68.88. The company has a current ratio of 3.07, a quick ratio of 1.72 and a debt-to-equity ratio of 0.86.

Ultra Clean (NASDAQ:UCTT) last announced its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Ultra Clean had a negative net margin of 9.38% and a positive return on equity of 4.28%. The business had revenue of $533.70 million for the quarter, compared to analysts’ expectations of $525.28 million. During the same period in the previous year, the company posted $0.28 EPS. The company’s quarterly 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. On average, research analysts forecast that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current year.

Key Headlines Impacting Ultra Clean

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

• Positive Sentiment: Ultra Clean appointed veteran finance executive Michael Keogh as chief financial officer, a move that may improve financial leadership and execution as the company looks to capitalize on growth opportunities. Ultra Clean Appoints Michael Keogh as Chief Financial Officer
• Positive Sentiment: Analysts and market commentary suggest UCTT could benefit from rising AI-driven wafer fab equipment spending, which supports a constructive longer-term demand outlook for the semiconductor supply chain. Can Ultra Clean Benefit From Rising AI-Driven WFE Spending?
• Neutral Sentiment: New valuation pieces describe Ultra Clean as potentially expensive on cash flow but attractive on sales, reinforcing the view that the stock is sensitive to how investors weigh growth versus profitability. Ultra Clean Holdings (UCTT) Stock Looks Priced For Perfection On Cash Flow But A Bargain On Sales
• Neutral Sentiment: Another article asked whether UCTT is undervalued after the CFO change and recent volatility, but it was more of a valuation debate than a direct catalyst. Is Ultra Clean Holdings (UCTT) Undervalued As A New CFO Arrives And Volatility Swings?
• Negative Sentiment: Recent coverage noted that UCTT had fallen sharply ahead of these headlines, suggesting the stock may still be recovering from prior pressure despite the new positive news flow. What To Do After Ultra Clean Holdings Fell By Nearly 15%

Insider Buying and Selling

In other news, insider Christopher S. Cook sold 11,903 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $75.31, for a total value of $896,414.93. Following the completion of the sale, the insider directly owned 108,905 shares of the company’s stock, valued at approximately $8,201,635.55. This represents a 9.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey L. Mckibben sold 4,205 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $87.00, for a total value of $365,835.00. Following the transaction, the insider directly owned 11,349 shares in the company, valued at approximately $987,363. This represents a 27.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 80,106 shares of company stock valued at $6,734,589 in the last quarter. Corporate insiders own 1.80% 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.