Ultra Clean (NASDAQ:UCTT) Reaches New 1-Year High – Here’s What Happened

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) reached a new 52-week high during trading on Monday . The stock traded as high as $49.40 and last traded at $48.8350, with a volume of 60339 shares traded. The stock had previously closed at $48.29.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Ultra Clean in a research note on Monday, December 29th. Oppenheimer reissued an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. TD Cowen boosted their target price on Ultra Clean from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, Needham & Company LLC upped their target price on Ultra Clean from $35.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.33.

Ultra Clean Stock Performance

The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of -15.21, a P/E/G ratio of 1.50 and a beta of 2.02. The company has a current ratio of 3.21, a quick ratio of 1.91 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $34.89 and a 200-day moving average of $28.89.

Insider Activity at Ultra Clean

In related news, Director David T. Ibnale sold 23,500 shares of Ultra Clean stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $26.63, for a total transaction of $625,805.00. Following the completion of the sale, the director owned 45,241 shares of the company’s stock, valued at $1,204,767.83. The trade was a 34.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ultra Clean

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its holdings in shares of Ultra Clean by 148.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 926 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 554 shares during the last quarter. Danske Bank A S lifted its position in Ultra Clean by 450.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 900 shares during the period. Allworth Financial LP boosted its holdings in 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 purchasing an additional 936 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Ultra Clean by 472.9% in the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,414 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Ultra Clean during the 3rd quarter worth about $45,000. 96.06% of the stock is owned by hedge funds and other 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.