Needham & Company LLC Raises Ultra Clean (NASDAQ:UCTT) Price Target to $70.00

Ultra Clean (NASDAQ:UCTT) had its price target lifted by Needham & Company LLC from $50.00 to $70.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 13.99% from the company’s previous close.

Several other brokerages have also recently weighed in on UCTT. Weiss Ratings reissued a “sell (d)” rating on shares of Ultra Clean in a research note on Monday, December 29th. Oppenheimer reiterated an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. Finally, TD Cowen increased their price target on Ultra Clean from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Ultra Clean presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Ultra Clean Stock Up 3.8%

Shares of NASDAQ:UCTT opened at $61.41 on Tuesday. Ultra Clean has a 52-week low of $16.66 and a 52-week high of $61.64. The company has a market capitalization of $2.79 billion, a PE ratio of -17.20, a price-to-earnings-growth ratio of 1.74 and a beta of 2.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.91 and a current ratio of 3.21. The company has a fifty day moving average of $40.21 and a 200-day moving average of $31.00.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings data on Monday, February 23rd. The semiconductor company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $506.60 million for the quarter, compared to analyst estimates of $503.34 million. Ultra Clean had a negative net margin of 7.66% and a positive return on equity of 5.15%. The company’s revenue was down 10.1% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. Ultra Clean has set its Q1 2026 guidance at 0.180-0.340 EPS. On average, equities analysts predict that Ultra Clean will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling at Ultra Clean

In other news, Director David T. Ibnale sold 23,500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $26.63, for a total value of $625,805.00. Following the transaction, the director directly owned 45,241 shares of the company’s stock, valued at $1,204,767.83. The trade was a 34.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Ultra Clean

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Ultra Clean by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 4,990,724 shares of the semiconductor company’s stock worth $126,415,000 after buying an additional 293,048 shares during the period. Invesco Ltd. grew its holdings in Ultra Clean by 63.1% in the fourth 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. Frontier Capital Management Co. LLC increased its stake in Ultra Clean by 41.5% in the second quarter. Frontier Capital Management Co. LLC now owns 2,754,163 shares of the semiconductor company’s stock valued at $62,161,000 after purchasing an additional 808,277 shares in the last quarter. State Street Corp raised its holdings in shares of Ultra Clean by 5.0% during the fourth quarter. State Street Corp now owns 1,852,482 shares of the semiconductor company’s stock valued at $46,923,000 after purchasing an additional 87,931 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ultra Clean by 4.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,122,908 shares of the semiconductor company’s stock worth $25,347,000 after purchasing an additional 44,041 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Ultra Clean News Summary

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

• Positive Sentiment: Needham reiterated a Buy rating, arguing that while near-term weakness exists, strengthening long‑term wafer fab demand justifies a bullish view. Article Title
• Positive Sentiment: TD Cowen maintained a Buy and set a $70 price target, citing a 2026 recovery in leading‑edge semiconductors, margin expansion potential and reduced China exposure—supportive for longer‑term upside. Article Title
• Positive Sentiment: Company highlights a strategy targeting roughly a $4B revenue run‑rate as AI‑driven semiconductor and data‑center buildouts accelerate — a structural demand story that could materially lift revenue/visibility over several quarters. Article Title
• Neutral Sentiment: PR and earnings call materials released for Q4 and full‑year 2025 provide management commentary and slides for investors to assess the cadence into 2026; read the release and transcript for details. Article Title
• Neutral Sentiment: Full earnings call transcript is available for those parsing segment detail, capex cadence and customer timing — useful for modeling recovery timing. Article Title
• Negative Sentiment: Q4 EPS of $0.22 missed consensus by $0.01 and revenue was down ~10% YoY (reported $506.6M); some outlets and investors focused on the EPS miss and weaker margins, prompting a near‑term sell reaction. Article Title
• Negative Sentiment: Q1 2026 guidance of $0.18–$0.34 EPS and revenue $505M–$545M sits slightly below consensus midpoints (EPS consensus ~ $0.22; revenue ~$509.6M), reinforcing near‑term caution despite long‑term strategy. Article Title

Ultra Clean Company Profile

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.