Ultra Clean Hldgs (NASDAQ:UCTT) Stock

Ultra Clean Hldgs

Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments Products and Services. Its principal markets are North America, Asia, and Europe.

Ultra Clean Holdings

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Ultra Clean Holdings, Inc. - Common Stock

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In the current market session, Ultra Clean Hldgs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) share price is at $37.50, after a 0.94% spike. Moreover, over the past month, the stock fell by 3.45%, but in the past year, increased by 7.12%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1736783110_0.png" alt="Past Year Chart" />

<h3>Comparing Ultra Clean Hldgs P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Ultra Clean Hldgs has a better P/E ratio of 530.71 than the aggregate P/E ratio of 58.77 of the Semiconductors &amp; Semiconductor Equipment industry. Ideally, one might believe that Ultra Clean Hldgs Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1736783110_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Price Over Earnings Overview: Ultra Clean Hldgs

TD Cowen analyst Krish Sankar maintains Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Buy and lowers the price target from $60 to $57.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on Ultra Clean Hldgs, Lowers Price Target to $57

Needham analyst Charles Shi maintains Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Buy and lowers the price target from $50 to $44.

Needham Maintains Buy on Ultra Clean Hldgs, Lowers Price Target to $44

Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.33 by 6.06 percent. This is a 775 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $540.400 million which beat the analyst consensus estimate of $515.850 million by 4.76 percent. This is a 24.23 percent increase over sales of $435.000 million the same period last year.

Earnings

Earnings Beats

Ultra Clean Hldgs Q3 2024 Adj. EPS $0.35 Beats $0.33 Estimate, Sales $540.400M Beat $515.850M Estimate

Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) is looking for Q4 GAAP EPS of $0.06-0.26 vs $0.19 analyst estimate..

Guidance

Ultra Clean Hldgs Sees Q4 GAAP EPS $0.06-0.26 vs $0.19 Est.

Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) is looking for Q4 Adj EPS of $0.34-0.54 vs $0.43 analyst estimate. sees sales of $535.000 million-585.000 million vs $531.01 million estimate.

Ultra Clean Hldgs Sees Q4 Adj EPS $0.34-0.54 vs $0.43 Est; Sees Sales $535.000M-585.000M vs $531.01M Est.

Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) is set to give its latest quarterly earnings report on Monday, 2024-10-28. Here's what investors need to know before the announcement.
Analysts estimate that Ultra Clean Hldgs will report an earnings per share (EPS) of $0.32. 
The market awaits Ultra Clean Hldgs's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Earnings Track Record</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 1.51% increase in the share price the next day.
Here's a look at Ultra Clean Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td>0.13</td>
<td>0.12</td>
<td>0.10</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.32</td>
<td>0.27</td>
<td>0.19</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>3.0%</td>
<td>5.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729879372_0.png" alt="eps graph" />
<h3>Market Performance of Ultra Clean Hldgs's Stock</h3>
Shares of Ultra Clean Hldgs were trading at $35.07 as of October 24. Over the last 52-week period, shares are up 49.37%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<h3>Analyst Opinions on Ultra Clean Hldgs</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Ultra Clean Hldgs.
With 1 analyst ratings, Ultra Clean Hldgs has a consensus rating of Outperform. The average one-year price target is $70.0, indicating a potential 99.6% upside.
<h3>Peer Ratings Overview</h3>
The analysis below examines the analyst ratings and average 1-year price targets of and Veeco Instruments, three significant industry players, providing valuable insights into their relative performance expectations and market positioning.
<ul>
<li>The consensus outlook from analysts is an Buy trajectory for Veeco Instruments, with an average 1-year price target of $44.75, indicating a potential 27.6% upside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for and Veeco Instruments, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ultra Clean Hldgs</td>
<td>Outperform</td>
<td>22.44%</td>
<td>$88.50M</td>
<td>2.27%</td>
</tr>
<tr>
<td>Veeco Instruments</td>
<td>Buy</td>
<td>8.81%</td>
<td>$75.39M</td>
<td>2.20%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Ultra Clean Hldgs ranks higher in Revenue Growth compared to its peers. It also outperforms in Gross Profit margin. However, it lags behind in Return on Equity. Overall, Ultra Clean Hldgs is positioned favorably among its peers based on the provided metrics.
<h3>All You Need to Know About Ultra Clean Hldgs</h3>
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments Products and Services. Its principal markets are North America, Asia, and Europe.
<h3>Unraveling the Financial Story of Ultra Clean Hldgs</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Positive Revenue Trend: Examining Ultra Clean Hldgs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 22.44% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Ultra Clean Hldgs's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 3.7%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.27%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Ultra Clean Hldgs's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 1.0%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.78, caution is advised due to increased financial risk.
<a href="https://www.benzinga.com/quote/UCTT/earnings">To track all earnings releases for Ultra Clean Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Ultra Clean Hldgs's Future Earnings

<h3>Gainers</h3>
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<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares increased by 11.16% to $0.29. The company's market cap stands at $5.2 million. </li>
<li>Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) shares rose 5.08% to $38.06. The company's market cap stands at $1.7 billion. </li>
<li>Neonode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEON#NASDAQ">NEON</a>) shares increased by 4.98% to $9.06. The company's market cap stands at $140.1 million. </li>
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<h3>Losers</h3>
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<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) shares decreased by 4.99% to $0.44. The market value of their outstanding shares is at $13.7 million. </li>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares declined by 4.81% to $0.93. The market value of their outstanding shares is at $35.4 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) stock fell 4.49% to $10.04. The company's market cap stands at $7.3 million. </li>
<li>GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) shares declined by 4.28% to $21.26. The company's market cap stands at $4.1 billion. </li>
<li>Evolv Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) stock decreased by 3.49% to $4.15. The market value of their outstanding shares is at $653.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Ultra Clean Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NYSE">UCTT</a>) short percent of float has fallen 4.79% since its last report. The company recently reported that it has 661 thousand shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.44 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ultra Clean Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728317714_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ultra Clean Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Ultra Clean Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ultra Clean Hldgs's peer group average for short interest as a percentage of float is 6.87%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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(UCTT) - Analyzing Ultra Clean Hldgs's Short Interest

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Shares of semiconductor and chip stocks are trading higher following strong earnings from Micron.

Ultra Clean Holdings shares are trading higher after Oppenheimer initiated coverage on the stock with an Outperform rating and announced a $70 price target.

In the latest quarter, 4 analysts provided ratings for Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $61.5, a high estimate of $70.00, and a low estimate of $56.00. Witnessing a positive shift, the current average has risen by 13.2% from the previous average price target of $54.33.
<img src="https://www.benzinga.com/files/images/story/2024/1727265623_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Ultra Clean Hldgs by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Edward Yang</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Outperform</td>
<td>$70.00</td>
<td>-</td>
</tr>
<tr>
<td>Krish Sankar</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$60.00</td>
<td>$52.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$56.00</td>
<td>$56.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Ultra Clean Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Ultra Clean Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Ultra Clean Hldgs's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Ultra Clean Hldgs's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/UCTT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Ultra Clean Hldgs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Get to Know Ultra Clean Hldgs Better</h2>
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments Products and Services. Its principal markets are North America, Asia, and Europe.
<h3>Ultra Clean Hldgs's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Ultra Clean Hldgs showcased positive performance, achieving a revenue growth rate of 22.44% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Ultra Clean Hldgs's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.7%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Ultra Clean Hldgs's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.27%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Ultra Clean Hldgs's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 1.0%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Ultra Clean Hldgs's debt-to-equity ratio surpasses industry norms, standing at 0.78. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
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Analyst Scoreboard: 4 Ratings For Ultra Clean Hldgs

Oppenheimer analyst Edward Yang initiates coverage on Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Outperform rating and announces Price Target of $70.

Initiation

Oppenheimer Initiates Coverage On Ultra Clean Hldgs with Outperform Rating, Announces Price Target of $70

ASTI

ENPH

OLED

PLAB

POWI

QRVO

SEDG

SLAB

Shares of semiconductor stocks are trading lower amid overall market weakness. A drop in the price of NVIDIA may weigh down the sector.

AEIS

PDFS

Shares of semiconductor stocks are trading lower in sympathy with Intel, which reported worse-than-expected Q2 financial results and issued soft guidance.

CEVA

CRUS

WISA

Shares of chip stocks are trading lower amid overall market weakness. Recent earnings from large names in the sector may also be weighing on the sector.

DELL

PSTG

Shares of semiconductor and hardware stocks are trading lower as the sector pulls back following this year's strength. The sector may also be under pressure amid weakness in Amkor and Lattice, which fell on soft guidance.

TD Cowen analyst Krish Sankar maintains Ultra Clean Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCTT#NASDAQ">UCTT</a>) with a Buy and raises the price target from $55 to $60.

TD Cowen Maintains Buy on Ultra Clean Hldgs, Raises Price Target to $60

Press Releases

Ultra Clean Announces Upcoming Investor Events

Ultra Clean Announces Q2 2024 Earnings Call and Webcast

Ultra Clean Reports Second Quarter 2024 Financial Results

Ultra Clean Announces Q3 2024 Earnings Call and Webcast

Ultra Clean Reports Third Quarter 2024 Financial Results

Ultra Clean To Present At Needham Growth Conference

Ultra Clean Announces Q4 2024 Earnings Call and Webcast

Ultra Clean Appoints Joanne Solomon to Board of Directors

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