Pictet Asset Management Holding SA Invests $454,000 in Ultra Clean Holdings, Inc. $UCTT

Pictet Asset Management Holding SA acquired a new stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,306 shares of the semiconductor company’s stock, valued at approximately $454,000.

Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc acquired a new stake in shares of Ultra Clean in the 1st quarter valued at $34,000. Quadrant Capital Group LLC raised its holdings in shares of Ultra Clean by 40.3% during the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after buying an additional 284 shares in the last quarter. Danske Bank A S raised its holdings in shares of Ultra Clean by 450.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the semiconductor company’s stock worth $28,000 after buying an additional 900 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Ultra Clean during the 3rd quarter worth $45,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of Ultra Clean by 472.9% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after buying an additional 1,414 shares during the last quarter. 96.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UCTT has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Ultra Clean in a research report on Tuesday, May 5th. They issued a “buy” rating and a $130.00 target price on the stock. Needham & Company LLC increased their target price on shares of Ultra Clean from $70.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Oppenheimer raised their price target on shares of Ultra Clean from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ultra Clean in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ultra Clean presently has a consensus rating of “Buy” and an average target price of $113.40.

Ultra Clean Trading Up 0.1%

NASDAQ UCTT opened at $106.27 on Friday. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -24.77, a price-to-earnings-growth ratio of 1.42 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 company has a quick ratio of 1.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average is $97.64 and its 200 day moving average is $69.14.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Tuesday, April 28th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $533.70 million during the quarter, compared to analysts’ expectations of $525.28 million. Ultra Clean had a positive return on equity of 4.28% and a negative net margin of 9.38%.The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. Ultra Clean has set its Q2 2026 guidance at 0.440-0.600 EPS. As a group, sell-side analysts expect that Ultra Clean Holdings, Inc. will post 2.14 EPS for the current fiscal year.

Insider Activity at Ultra Clean

In other news, SVP Jamie J. Palfrey sold 8,691 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $79.72, for a total value of $692,846.52. Following the completion of the transaction, the senior vice president owned 16,446 shares of the company’s stock, valued at $1,311,075.12. This represents a 34.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey L. Mckibben sold 4,205 shares of Ultra Clean stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $87.00, for a total transaction of $365,835.00. Following the sale, the insider owned 11,349 shares in the company, valued at approximately $987,363. This represents a 27.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 80,106 shares of company stock valued at $6,734,589. Corporate insiders own 1.80% of the company’s stock.

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.