Ultra Clean (NASDAQ:UCTT) Shares Gap Down – Here’s What Happened

Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) gapped down before the market opened on Monday . The stock had previously closed at $74.04, but opened at $68.12. Ultra Clean shares last traded at $69.0650, with a volume of 61,734 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on UCTT shares. Wall Street Zen upgraded shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings lowered shares of Ultra Clean from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, August 7th. Oppenheimer increased their target price on Ultra Clean from $115.00 to $150.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Needham & Company LLC lifted their price target on Ultra Clean from $92.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, UBS Group restated a “buy” rating on shares of Ultra Clean in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ultra Clean currently has an average rating of “Moderate Buy” and a consensus price target of $129.00.

Ultra Clean Stock Down 8.7%

The company has a market capitalization of $3.03 billion, a P/E ratio of -130.36, a PEG ratio of 0.79 and a beta of 1.88. The firm’s 50 day moving average price is $84.32 and its two-hundred day moving average price is $82.27. The company has a current ratio of 2.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.84.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. The company had revenue of $644.90 million for the quarter, compared to the consensus estimate of $587.65 million. Ultra Clean had a negative net margin of 1.07% and a positive return on equity of 6.99%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. Ultra Clean has set its Q3 2026 guidance at 0.830-1.030 EPS. Equities research analysts forecast that Ultra Clean Holdings, Inc. will post 2.67 EPS for the current year.

Institutional Investors Weigh In On Ultra Clean

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its stake in shares of Ultra Clean by 14,062.1% during the 2nd quarter. California State Teachers Retirement System now owns 7,313,726 shares of the semiconductor company’s stock worth $1,042,864,000 after buying an additional 7,262,083 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Ultra Clean in the second quarter valued at about $986,722,000. Invesco Ltd. increased its position in shares of Ultra Clean by 63.1% in the fourth quarter. Invesco Ltd. now owns 3,399,834 shares of the semiconductor company’s stock valued at $86,118,000 after acquiring an additional 1,315,407 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in shares of Ultra Clean in the second quarter valued at about $86,723,000. Finally, Cooper Creek Partners Management LLC bought a new stake in Ultra Clean during the first quarter worth about $36,486,000. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc (NASDAQ: UCTT), doing business as Ultra Clean Technology, provides critical subsystems, components and services used in the semiconductor manufacturing industry. The company primarily serves semiconductor equipment manufacturers and semiconductor device producers, helping support the fabrication processes used to make integrated circuits and other advanced electronic components.

Ultra Clean’s products include gas delivery systems, fluid and chemical delivery systems, vacuum assemblies, process modules, structural components and other engineered assemblies for semiconductor production equipment.