Tearsheet

Ultra Clean (UCTT)


Market Price (12/26/2025): $26.22 | Market Cap: $1.2 Bil
Sector: Information Technology | Industry: Semiconductor Materials & Equipment

Ultra Clean (UCTT)


Market Price (12/26/2025): $26.22
Market Cap: $1.2 Bil
Sector: Information Technology
Industry: Semiconductor Materials & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Megatrend and thematic drivers
Megatrends include Advanced Semiconductor Manufacturing. Themes include Semiconductor Capital Equipment Components, and Semiconductor Process Cleaning & Services.
Weak multi-year price returns
2Y Excs Rtn is -64%, 3Y Excs Rtn is -104%
Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.4%, Rev Chg QQuarterly Revenue Change % is -5.6%
1   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%
2   Key risks
UCTT key risks include [1] a high customer concentration, Show more.
0 Megatrend and thematic drivers
Megatrends include Advanced Semiconductor Manufacturing. Themes include Semiconductor Capital Equipment Components, and Semiconductor Process Cleaning & Services.
1 Weak multi-year price returns
2Y Excs Rtn is -64%, 3Y Excs Rtn is -104%
2 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.4%, Rev Chg QQuarterly Revenue Change % is -5.6%
3 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -18%
4 Key risks
UCTT key risks include [1] a high customer concentration, Show more.

Valuation, Metrics & Events

UCTT Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are the key points highlighting why Ultra Clean's (UCTT) stock moved by 9% during the approximate period from August 31, 2025, to December 26, 2025: 1. Positive Market Reaction to Q3 2025 Earnings Date Announcement. Ultra Clean Holdings' announcement on October 1, 2025, of its upcoming third-quarter 2025 financial results, triggered a significant positive market reaction, with the stock gaining 7.74% on that day. This indicated investor anticipation of favorable performance or future prospects.

2. Stronger-Than-Expected Q3 2025 Earnings Per Share. On October 28, 2025, Ultra Clean Holdings reported non-GAAP earnings per share (EPS) of $0.28 for the third quarter of 2025, exceeding the Zacks Consensus Estimate of $0.24 per share. This beat on the bottom line, despite a revenue miss, likely contributed to sustained investor confidence.

Show more

Stock Movement Drivers

Fundamental Drivers

The -2.9% change in UCTT stock from 9/25/2025 to 12/25/2025 was primarily driven by a -1.4% change in the company's Total Revenues ($ Mil).
925202512252025Change
Stock Price ($)26.9726.18-2.93%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2141.102110.70-1.42%
P/S Multiple0.570.56-1.10%
Shares Outstanding (Mil)45.2045.40-0.44%
Cumulative Contribution-2.93%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025
ReturnCorrelation
UCTT-2.9% 
Market (SPY)4.9%76.3%
Sector (XLK)5.3%73.9%

Fundamental Drivers

The 15.7% change in UCTT stock from 6/26/2025 to 12/25/2025 was primarily driven by a 18.0% change in the company's P/S Multiple.
626202512252025Change
Stock Price ($)22.6226.1815.74%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2138.402110.70-1.30%
P/S Multiple0.480.5618.04%
Shares Outstanding (Mil)45.1045.40-0.67%
Cumulative Contribution15.73%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025
ReturnCorrelation
UCTT15.7% 
Market (SPY)13.1%66.7%
Sector (XLK)16.7%67.3%

Fundamental Drivers

The -28.3% change in UCTT stock from 12/25/2024 to 12/25/2025 was primarily driven by a -32.1% change in the company's P/S Multiple.
1225202412252025Change
Stock Price ($)36.4926.18-28.25%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1978.902110.706.66%
P/S Multiple0.830.56-32.14%
Shares Outstanding (Mil)45.0045.40-0.89%
Cumulative Contribution-28.26%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025
ReturnCorrelation
UCTT-28.3% 
Market (SPY)15.8%64.0%
Sector (XLK)22.2%69.5%

Fundamental Drivers

The -21.4% change in UCTT stock from 12/26/2022 to 12/25/2025 was primarily driven by a -12.9% change in the company's Total Revenues ($ Mil).
1226202212252025Change
Stock Price ($)33.3226.18-21.43%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2422.902110.70-12.89%
P/S Multiple0.620.56-9.81%
Shares Outstanding (Mil)45.4045.400.00%
Cumulative Contribution-21.43%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025
ReturnCorrelation
UCTT-25.2% 
Market (SPY)48.3%64.2%
Sector (XLK)53.5%69.4%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
UCTT Return33%84%-42%3%5%-27%12%
Peers Return26%35%-32%49%-7%27%102%
S&P 500 Return16%27%-19%24%23%18%115%

Monthly Win Rates [3]
UCTT Win Rate42%67%33%50%58%58% 
Peers Win Rate55%62%38%53%43%58% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
UCTT Max Drawdown-47%0%-57%-30%-8%-50% 
Peers Max Drawdown-42%-5%-44%-12%-19%-39% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ICHR, MKSI, AEIS, ENTG, PLAB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique KeyEventUCTTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-64.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven179.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-52.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven110.8%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven132 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-79.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven384.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven711 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-95.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1985.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven2,975 days1,480 days

Compare to Q, LRCX, AMAT, KLAC, TER

In The Past

Ultra Clean's stock fell -64.3% during the 2022 Inflation Shock from a high on 4/5/2021. A -64.3% loss requires a 179.9% gain to breakeven.

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About Ultra Clean (UCTT)

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. It also offers various industrial and automation production equipment; fluid delivery systems consist of one or more chemical delivery units, including PFA tubing, filters, flow controllers, regulators, component heaters, and an integrated electronic and/or pneumatic control system; precision robotic systems; top-plate assemblies; frame assemblies; process modules, a subsystem of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high-level assemblies. In addition, the company provides tool chamber parts cleaning and coating services; micro-contamination analysis services for tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination; and analytical verification services for process tool chamber part cleaning. It primarily serves original equipment manufacturing customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.

AI Analysis | Feedback

1. Think of **Applied Materials (AMAT)** or **Lam Research (LRCX)** – they build the machines that make chips. Ultra Clean (UCTT) is like their specialized 'internal components and cleaning department,' manufacturing and meticulously cleaning the absolutely critical internal subsystems required for those complex machines to function flawlessly.

2. Imagine **Magna International (MGA)** or **Aptiv (APTV)**, who supply complex components and systems to major car manufacturers. Ultra Clean (UCTT) does something similar but exclusively for the semiconductor industry, providing highly specialized, ultra-high purity subsystems and crucial cleaning services for the equipment used to make semiconductor chips.

3. Similar to how **Corning (GLW)** supplies critical, advanced glass components to many tech industries, Ultra Clean (UCTT) provides specialized, high-purity subsystems and essential cleaning services that are absolutely critical for the machines used to manufacture semiconductor chips.

AI Analysis | Feedback

```html
  • Critical Subsystems: Manufactures complex, integrated modules and subsystems, such as gas delivery systems, for semiconductor capital equipment and other advanced industries.
  • Advanced Components: Produces precision-machined components, weldments, and other parts that require high purity and tight tolerances for various high-tech applications.
  • Ultra-High Purity Cleaning & Analytical Services: Provides specialized cleaning, surface treatment, and analytical services for process tools and components, crucial for semiconductor manufacturing yield and performance.
```

AI Analysis | Feedback

Major Customers of Ultra Clean Holdings (UCTT)

Ultra Clean Holdings (UCTT) primarily sells its products and services to other companies, specifically leading manufacturers of semiconductor capital equipment and, to a lesser extent, semiconductor device manufacturers. This makes it a B2B (business-to-business) company.

Its major customers, based on recent disclosures in their financial reports, include:

  • Applied Materials, Inc. (Symbol: AMAT)
  • Lam Research Corporation (Symbol: LRCX)
  • Tokyo Electron Limited (Symbol: TYO: 8035)

AI Analysis | Feedback

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AI Analysis | Feedback

James Xiao, Chief Executive Officer and Director

James Xiao joined UCT as Chief Executive Officer and a member of its board of directors in September 2025. He brings over two decades of experience in the semiconductor, solar, and display industries. Prior to UCT, he held leadership positions at Applied Materials, where he managed multi-billion-dollar business units. Xiao is known for driving expansion initiatives and transforming complex global operations into high-performing, revenue-generating businesses. He holds a B.S. in Applied Physics from Dalian University of Technology and an MBA from Indiana University's Kelley School of Business, along with executive leadership training from Stanford University.

Sheri Savage, Chief Financial Officer

Sheri Savage has served as Ultra Clean's Chief Financial Officer since July 7, 2016. She joined the company in April 2009 as the Senior Director of Finance and has held progressively more senior financial roles. Before joining UCT, Ms. Savage served as Corporate Controller, Vice President of Finance, and Director of Internal Audit at Credence Systems Corporation. Her prior experience also includes various accounting and finance roles at Protiviti, KLA-Tencor Corporation, and as a Manager of Business Process Risk Accounting at Arthur Andersen LLP. Ms. Savage holds a B.S. in Managerial Economics from the University of California, Davis.

Harjinder Bajwa, Chief Operating Officer

Harjinder Bajwa joined UCT as Chief Operating Officer in June 2024. He possesses 30 years of global operations expertise, including strategy development and execution, operations improvement, quality control, lean manufacturing, and cost management. Most recently, he served as the Chief Operating Officer for Reconext, a provider of aftermarket lifecycle services for electronics. Prior to Reconext, he held various roles with Flex, Ltd. for 27 years, including Senior Vice President, Global Operations of the High Reliability Solutions business unit. Mr. Bajwa holds a B.S. in Mechanical Engineering from Panjab University and an M.S.

Chris Cook, Chief Business Officer

Chris Cook joined UCT as President of its Products Division in April 2022 and was appointed Chief Business Officer in August 2025. He has a track record of 28 years in successful leadership and general management with semiconductor and electronic systems companies such as Renesas Technologies, Infineon Technologies, Flex, and Cypress Semiconductor. Mr. Cook specializes in driving profitable growth by developing valuable technologies and products, optimizing global operations, and solving complex problems. He holds a B.S. in Electrical Engineering and Technology from Purdue University and completed the Program for Leadership Development at Harvard Business School.

Jeff McKibben, Chief Information Officer

Jeff McKibben joined UCT in 2021 as the Chief Information Officer (CIO). He brings over 30 years of experience managing IT in large, global high-tech manufacturing companies. His experience includes international M&A, product development, supply chain complexity, sales and marketing innovation, program management, and building organizational competency. Before joining UCT, Mr. McKibben was the CIO at ON Semiconductor.

AI Analysis | Feedback

Key Risks to Ultra Clean (UCTT) Business

  • Cyclical Nature of the Semiconductor Industry: Ultra Clean's operating results are significantly affected by the highly cyclical and volatile nature of the semiconductor industry. The company's business is heavily dependent on capital spending by manufacturers in the semiconductor and display industries, which in turn relies on current and anticipated market demand for such products. Fluctuations in customer orders and shifts in demand are difficult to predict and can materially impact the company's revenue and cash flows.
  • Customer Concentration Risk: A substantial portion of Ultra Clean's revenue is derived from a small number of large customers. In 2023, its two largest customers, Applied Materials and Lam Research, accounted for 57.4% of its total revenue. This high concentration creates a significant risk, as the loss or a material reduction of business from these key customers could have a substantial adverse effect on UCTT's financial performance.
  • Geopolitical Tensions and Trade Policy (especially US-China): Ultra Clean generates approximately 70% of its revenues from international markets and has significant operations and exposure to the Chinese market. Increasing uncertainties regarding US trade policy and export regulations concerning China have negatively impacted, and may continue to impact, Ultra Clean. Issues such as softening demand, overcapacity, and geopolitical tensions in China have also contributed to revenue declines and heightened investor scrutiny, as evidenced by a class-action lawsuit alleging misstatements about demand conditions in China.

AI Analysis | Feedback

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AI Analysis | Feedback

Ultra Clean Technology (UCTT) primarily operates within the semiconductor industry, supplying critical subsystems, components, parts, and ultra-high purity cleaning and analytical services. The addressable market for these main products and services can be best represented by the critical subsystems market for semiconductor manufacturing equipment.

The global market for critical subsystems used in semiconductor manufacturing equipment was reported to exceed $12.2 billion in 2020. This market, which includes highly engineered and specialized technologies that actively affect substrate processing during device manufacturing, is defined by TechInsights as a $12 billion industry, potentially growing to $19 billion when including critical components. After a decline in 2023, revenues from critical subsystems sales are expected to return to growth in 2024, with strong demand anticipated for 2025. For example, vacuum subsystems alone represented a global market of $1.9 billion in 2016 and were projected to reach $3.1 billion by 2022.

AI Analysis | Feedback

Ultra Clean Holdings (UCTT) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:

  • Increased Demand for AI Infrastructure and High-Performance Computing: The expansion of AI infrastructure and robust investments in data centers are driving strong demand for high-performance computing chips, which directly benefits Ultra Clean as a critical supplier to the semiconductor industry.
  • Anticipated Upcycle in Wafer Fabrication Equipment (WFE) Spending: Analysts forecast a significant increase in global semiconductor sales and the wafer fab equipment market in 2024 and 2025. This projected upcycle in WFE spending is expected to lead to swift revenue growth for Ultra Clean.
  • Continued Growth in the China Market: Ultra Clean has demonstrated strong revenue generation from the China market, with expectations to maintain a significant run rate in the coming quarters. This ongoing investment and demand within China contribute to the company's overall revenue growth.
  • Expansion of the Services Division: The company's Services division, which includes tool chamber parts cleaning and coating, as well as micro-contamination analytical services, has shown consistent growth and contributes to diversified income streams. This segment, despite being smaller than products, offers higher profitability and is expected to continue its upward trend.

AI Analysis | Feedback

Share Repurchases

  • The Board of Directors approved a share repurchase program in 2022, authorizing the company to buy back up to an aggregate of $150.0 million of common stock over a three-year period.
  • In fiscal year 2023, Ultra Clean repurchased approximately 1.1 million shares for an aggregate cost of $29.4 million.
  • In Q2 2025, 182,000 shares were repurchased at a cost of $3.4 million, and subsequent to Q3 2025, the Board renewed the share repurchase program authorizing up to $150.0 million over three years.

Share Issuance

  • In Q3 2025, proceeds from the issuance of common stock amounted to $1.1 million.
  • Proceeds from the issuance of common stock were $0.9 million in the prior year's comparable quarter (Q3 2024).

Outbound Investments

  • On October 25, 2023, Ultra Clean acquired 100% of HIS Innovations Group ("HIS") for an initial cash consideration of $46.5 million, with up to $70.0 million in additional cash consideration contingent on performance through 2025.
  • The acquisition of HIS Innovations Group was aimed at strengthening Ultra Clean's leadership in supplying critical products to the semiconductor industry and extending its reach into the sub-fab area.
  • Ultra Clean consistently pursues a strategy to strengthen its vertically integrated business model by investing in operations or acquiring companies within the semiconductor supply chain.

Capital Expenditures

  • Capital expenditures during the first half of 2025 totaled $29.2 million, primarily allocated to enhancing manufacturing facilities globally.
  • Ultra Clean expects to fund future capital investments through operational cash flow and existing reserves.
  • The company commenced leasehold improvements in Penang, Malaysia, in Q1 2021, with initial production scheduled for mid-2021, as part of its strategic growth plan.

Better Bets than Ultra Clean (UCTT)

Trade Ideas

Select ideas related to UCTT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
13.9%13.9%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
12.0%12.0%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
17.0%17.0%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
11.9%11.9%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.1%4.1%0.0%
UCTT_4302022_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG04302022UCTTUltra CleanDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
3.5%-8.4%-20.3%

Recent Active Movers

More From Trefis

Peer Comparisons for Ultra Clean

Peers to compare with:

Financials

UCTTICHRMKSIAEISENTGPLABMedian
NameUltra Cl.Ichor MKS Advanced.Entegris Photroni. 
Mkt Price26.1818.83163.40217.2385.4933.6759.58
Mkt Cap1.20.611.08.213.01.95.1
Rev LTM2,1119573,8311,7253,2238491,918
Op Inc LTM59-27553155412208182
FCF LTM17-1953015333160106
FCF 3Y Avg324392119220120119
CFO LTM7518679235680248242
CFO 3Y Avg7348511188607270229

Growth & Margins

UCTTICHRMKSIAEISENTGPLABMedian
NameUltra Cl.Ichor MKS Advanced.Entegris Photroni. 
Rev Chg LTM6.7%16.9%8.1%17.2%0.6%-2.0%7.4%
Rev Chg 3Y Avg-3.4%-7.1%6.4%0.4%3.8%1.1%0.7%
Rev Chg Q-5.6%13.3%10.3%23.8%-0.1%-3.1%5.1%
QoQ Delta Rev Chg LTM-1.4%3.0%2.5%5.4%-0.0%-0.8%1.2%
Op Mgn LTM2.8%-2.8%14.4%9.0%12.8%24.5%10.9%
Op Mgn 3Y Avg3.4%-1.0%13.3%7.7%13.6%26.1%10.5%
QoQ Delta Op Mgn LTM-0.6%-2.0%-0.1%1.5%-0.4%-0.2%-0.3%
CFO/Rev LTM3.5%1.9%17.7%13.6%21.1%29.2%15.7%
CFO/Rev 3Y Avg3.7%5.6%13.7%11.3%18.2%31.1%12.5%
FCF/Rev LTM0.8%-2.0%13.8%8.9%10.3%7.0%7.9%
FCF/Rev 3Y Avg0.1%2.9%10.5%7.1%6.8%13.7%6.9%

Valuation

UCTTICHRMKSIAEISENTGPLABMedian
NameUltra Cl.Ichor MKS Advanced.Entegris Photroni. 
Mkt Cap1.20.611.08.213.01.95.1
P/S0.60.72.94.74.02.32.6
P/EBIT-14.4-22.820.548.225.28.714.6
P/E-7.4-15.939.456.345.014.226.8
P/CFO15.935.516.234.719.17.817.6
Total Yield-13.6%-6.3%3.1%2.0%2.5%7.0%2.2%
Dividend Yield0.0%0.0%0.5%0.2%0.2%0.0%0.1%
FCF Yield 3Y Avg0.1%2.0%5.3%2.5%1.5%8.9%2.3%
D/E0.50.30.40.10.30.00.3
Net D/E0.30.10.4-0.00.3-0.30.2

Returns

UCTTICHRMKSIAEISENTGPLABMedian
NameUltra Cl.Ichor MKS Advanced.Entegris Photroni. 
1M Rtn5.1%16.2%9.7%5.5%16.0%47.9%12.8%
3M Rtn-2.9%10.9%33.9%29.9%-6.9%40.8%20.4%
6M Rtn15.7%-2.0%63.6%62.5%2.4%76.9%39.1%
12M Rtn-28.3%-39.3%53.2%87.6%-16.5%39.2%11.3%
3Y Rtn-21.4%-28.1%100.3%162.2%32.2%105.2%66.2%
1M Excs Rtn10.2%19.7%5.6%2.0%12.2%51.3%11.2%
3M Excs Rtn-7.9%5.9%28.9%24.9%-11.9%35.9%15.4%
6M Excs Rtn2.9%-14.9%50.7%49.6%-10.5%64.1%26.2%
12M Excs Rtn-42.1%-53.7%42.3%75.9%-30.5%23.2%-3.7%
3Y Excs Rtn-103.9%-112.7%26.1%77.2%-47.2%15.7%-15.8%

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Products1,6181,6501,758868828
Services250311268234191
Total1,8681,9612,0251,1021,019


Price Behavior

Price Behavior
Market Price$26.18 
Market Cap ($ Bil)1.2 
First Trading Date03/25/2004 
Distance from 52W High-33.1% 
   50 Days200 Days
DMA Price$26.35$23.91
DMA Trenddowndown
Distance from DMA-0.7%9.5%
 3M1YR
Volatility59.8%69.5%
Downside Capture416.60290.49
Upside Capture314.71217.73
Correlation (SPY)76.4%63.8%
UCTT Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta3.363.583.593.442.202.15
Up Beta2.983.563.644.172.262.17
Down Beta2.042.763.093.391.611.64
Up Capture327%392%436%456%447%2070%
Bmk +ve Days13263974142427
Stock +ve Days10213265120364
Down Capture364%359%332%263%158%111%
Bmk -ve Days7162452107323
Stock -ve Days10213159127383

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of UCTT With Other Asset Classes (Last 1Y)
 UCTTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-25.1%26.7%19.2%71.9%8.9%6.0%-10.1%
Annualized Volatility69.0%27.6%19.5%19.3%15.3%17.1%35.0%
Sharpe Ratio-0.130.840.782.690.360.18-0.12
Correlation With Other Assets 69.4%63.8%8.8%25.8%30.8%32.5%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of UCTT With Other Asset Classes (Last 5Y)
 UCTTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-4.4%19.0%14.9%18.7%11.7%4.8%32.7%
Annualized Volatility56.7%24.7%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.150.690.700.970.510.170.60
Correlation With Other Assets 65.8%62.0%11.9%16.5%36.8%29.0%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of UCTT With Other Asset Classes (Last 10Y)
 UCTTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return17.7%22.3%14.7%14.9%6.9%5.2%69.3%
Annualized Volatility56.9%24.2%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.520.840.700.830.310.220.90
Correlation With Other Assets 59.2%55.8%6.8%19.3%35.8%19.7%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity2,136,392
Short Interest: % Change Since 1130202512.4%
Average Daily Volume640,153
Days-to-Cover Short Interest3.34
Basic Shares Quantity45,400,000
Short % of Basic Shares4.7%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/2025-4.2%-12.5%-15.8%
7/28/2025-0.6%-5.8%-3.5%
2/24/2025-28.2%-35.3%-32.0%
10/28/20240.2%-2.2%7.0%
7/27/2023-0.1%-0.4%-10.3%
2/22/2023-7.7%-3.9%-6.7%
10/26/20225.7%5.2%17.5%
7/28/2022-6.9%-2.5%-13.1%
...
SUMMARY STATS   
# Positive657
# Negative111210
Median Positive4.4%11.6%10.0%
Median Negative-4.2%-8.0%-11.7%
Max Positive24.1%29.2%42.6%
Max Negative-28.2%-35.3%-47.7%

SEC Filings

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Report DateFiling DateFiling
93020251029202510-Q 9/26/2025
6302025729202510-Q 6/27/2025
3312025429202510-Q 3/28/2025
12312024225202510-K 12/27/2024
93020241030202410-Q 9/27/2024
6302024726202410-Q 6/28/2024
3312024506202410-Q 3/29/2024
12312023306202410-K 12/29/2023
93020231107202310-Q 9/29/2023
6302023811202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022228202310-K 12/30/2022
93020221109202210-Q 9/30/2022
6302022809202210-Q 7/1/2022
3312022510202210-Q 4/1/2022
12312021301202210-K 12/31/2021