Comerica Bank Decreases Stock Holdings in Ultra Clean Holdings, Inc. $UCTT

Comerica Bank reduced its holdings in shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,219 shares of the semiconductor company’s stock after selling 30,467 shares during the quarter. Comerica Bank owned 0.17% of Ultra Clean worth $1,653,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Ultra Clean by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,847,408 shares of the semiconductor company’s stock worth $103,783,000 after purchasing an additional 12,180 shares in the last quarter. Shapiro Capital Management LLC lifted its position in shares of Ultra Clean by 66.8% during the fourth quarter. Shapiro Capital Management LLC now owns 2,746,482 shares of the semiconductor company’s stock worth $98,736,000 after purchasing an additional 1,099,899 shares in the last quarter. Invesco Ltd. lifted its position in shares of Ultra Clean by 62.9% during the first quarter. Invesco Ltd. now owns 1,681,675 shares of the semiconductor company’s stock worth $36,005,000 after purchasing an additional 649,642 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Ultra Clean by 41.3% during the fourth quarter. Nuveen Asset Management LLC now owns 714,504 shares of the semiconductor company’s stock worth $25,686,000 after purchasing an additional 208,910 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Ultra Clean by 7.8% during the fourth quarter. Northern Trust Corp now owns 513,810 shares of the semiconductor company’s stock worth $18,471,000 after purchasing an additional 37,230 shares in the last quarter. 96.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC boosted their target price on shares of Ultra Clean from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $30.67.

Insider Buying and Selling at Ultra Clean

In other Ultra Clean news, General Counsel Paul Yoonku Cho sold 4,084 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $21.06, for a total transaction of $86,009.04. Following the sale, the general counsel directly owned 23,345 shares of the company’s stock, valued at approximately $491,645.70. This represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Ultra Clean Trading Down 1.8%

UCTT opened at $23.34 on Thursday. The stock has a market capitalization of $1.06 billion, a PE ratio of -6.91, a P/E/G ratio of 0.94 and a beta of 2.14. The firm’s fifty day moving average price is $23.78 and its 200 day moving average price is $22.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.06 and a quick ratio of 1.86. Ultra Clean Holdings, Inc. has a 12-month low of $16.66 and a 12-month high of $41.90.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Monday, July 28th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The firm had revenue of $518.80 million for the quarter, compared to analysts’ expectations of $500.83 million. Ultra Clean had a negative net margin of 7.15% and a positive return on equity of 5.32%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Ultra Clean has set its Q3 2025 guidance at 0.140-0.340 EPS. As a group, research analysts expect that Ultra Clean Holdings, Inc. will post 1.09 EPS for the current fiscal year.

About Ultra Clean

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.