Ultra Clean Holdings, Inc. $UCTT Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 58.5% in the 1st quarter, HoldingsChannel reports. The firm owned 141,434 shares of the semiconductor company’s stock after acquiring an additional 52,214 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ultra Clean were worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UCTT. Royal Bank of Canada lifted its holdings in shares of Ultra Clean by 35.8% in the 1st quarter. Royal Bank of Canada now owns 25,926 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 6,841 shares during the period. AQR Capital Management LLC boosted its position in Ultra Clean by 16.9% in the 1st quarter. AQR Capital Management LLC now owns 198,791 shares of the semiconductor company’s stock worth $4,256,000 after purchasing an additional 28,690 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ultra Clean by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,425 shares of the semiconductor company’s stock worth $566,000 after purchasing an additional 1,257 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Ultra Clean by 18.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 85,094 shares of the semiconductor company’s stock worth $1,822,000 after purchasing an additional 13,005 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Ultra Clean by 1,987.5% during the 1st quarter. Jane Street Group LLC now owns 148,214 shares of the semiconductor company’s stock valued at $3,173,000 after purchasing an additional 141,114 shares in the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Price Performance

Shares of UCTT opened at $118.82 on Monday. The stock has a 50 day moving average price of $90.80 and a 200 day moving average price of $63.36. Ultra Clean Holdings, Inc. has a one year low of $21.28 and a one year high of $125.00. 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 capitalization of $5.33 billion, a price-to-earnings ratio of -27.70, a PEG ratio of 1.59 and a beta of 1.94.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The company had revenue of $533.70 million for the quarter, compared to analyst estimates of $525.28 million. During the same quarter last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. Equities research analysts forecast that Ultra Clean Holdings, Inc. will post 2.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Emily M. Liggett sold 8,198 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $92.18, for a total value of $755,691.64. Following the transaction, the director directly owned 38,152 shares of the company’s stock, valued at approximately $3,516,851.36. This trade represents a 17.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 transaction of $365,835.00. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 80,106 shares of company stock valued at $6,734,589. Corporate insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UCTT shares. Needham & Company LLC boosted their target price on shares of Ultra Clean from $70.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Ultra Clean from a “buy” rating to a “hold” rating in a research report on Monday. Oppenheimer lifted their price objective on shares of Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, June 9th. Zacks Research upgraded shares of Ultra Clean from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Finally, TD Cowen upped their price objective on shares of Ultra Clean from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $107.40.

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.