Ultra Clean Holdings Falls After Setting Up a $400 Million ATM Stock Program

Ultra Clean Holdings (UCTT) is down 8.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is a new at-the-market equity program disclosed on August 14, 2026, which gives Ultra Clean the ability to sell up to $400 million of common stock over time. Even though the company recently posted strong quarterly results and raised its near-term outlook, traders often react negatively to fresh share-sale capacity because of potential dilution and added stock supply.

Details:

Ultra Clean filed an 8-K and prospectus supplement for an at-the-market offering program that allows it to sell up to $400 million of common stock through several banks.

The program is flexible, meaning the company is not required to sell shares immediately, but the new issuance capacity can still weigh on sentiment because investors may price in future dilution.

Sales agents can receive commissions of up to 3.0% of gross proceeds, underscoring that this is a formal capital-raising setup rather than a routine administrative filing.

This move came shortly after a strong second-quarter report that showed revenue of $644.9 million and Q3 revenue guidance of $700 million to $750 million, suggesting today’s decline is more likely tied to financing concerns than to operating weakness.

Sources:

SEC, Ultra Clean Holdings, StockTitan

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$UCTT Insider Trading Activity

$UCTT insiders have traded $UCTT stock on the open market 83 times in the past 6 months. Of those trades, 0 have been purchases and 83 have been sales.

Here’s a breakdown of recent trading of $UCTT stock by insiders over the last 6 months:

SHERI SAVAGE (CFO) has made 0 purchases and 46 sales selling 30,187 shares for an estimated $2,700,471.
BRIAN E HARDING (Chief Accounting Officer) has made 0 purchases and 26 sales selling 24,825 shares for an estimated $2,333,911.
CLARENCE L GRANGER has made 0 purchases and 4 sales selling 30,000 shares for an estimated $2,258,929.
CHRISTOPHER S COOK (President, Products Division) has made 0 purchases and 3 sales selling 23,381 shares for an estimated $1,745,336.
EMILY M LIGGETT sold 8,198 shares for an estimated $755,691
JAMIE J. PALFREY (SVP, Global Human Resources) sold 8,691 shares for an estimated $692,889
JEFFREY L. MCKIBBEN (Chief Information Officer) sold 4,205 shares for an estimated $365,835
PAUL YOONKU CHO (General Counsel and Secretary) sold 944 shares for an estimated $84,365

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$UCTT Hedge Fund Activity

We have seen 229 institutional investors add shares of $UCTT stock to their portfolio, and 178 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS added 2,580,132 shares (+inf%) to their portfolio in Q2 2026, for an estimated $367,901,021
SHAPIRO CAPITAL MANAGEMENT LLC removed 1,278,492 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $79,496,632
FRONTIER CAPITAL MANAGEMENT CO LLC removed 1,119,919 shares (-62.7%) from their portfolio in Q2 2026, for an estimated $159,689,250
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 739,967 shares (+inf%) to their portfolio in Q2 2026, for an estimated $105,511,894
COOPER CREEK PARTNERS MANAGEMENT LLC added 586,773 shares (+inf%) to their portfolio in Q1 2026, for an estimated $36,485,545
TWO SIGMA INVESTMENTS, LP added 581,131 shares (+inf%) to their portfolio in Q1 2026, for an estimated $36,134,725
SG AMERICAS SECURITIES, LLC removed 563,823 shares (-99.7%) from their portfolio in Q2 2026, for an estimated $80,395,521

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$UCTT Analyst Ratings

Wall Street analysts have issued reports on $UCTT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 04/29/2026

To track analyst ratings and price targets for $UCTT, check out Quiver Quantitative's $UCTT forecast page.

$UCTT Price Targets

Multiple analysts have issued price targets for $UCTT recently. We have seen 4 analysts offer price targets for $UCTT in the last 6 months, with a median target of $122.5.

Here are some recent targets:

Krish Sankar from TD Cowen set a target price of $130.0 on 07/09/2026
Edward Yang from Oppenheimer set a target price of $115.0 on 06/09/2026
Timothy Arcuri from UBS set a target price of $130.0 on 05/05/2026
Charles Shi from Needham set a target price of $92.0 on 04/29/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.