Added to YB: 2026-09-24
Pitch date: 2026-09-18
UCTT [bullish]
Ultra Clean Holdings, Inc.
+6.06%
current return
Author Info
Monte Independent Investment Research is a small- and mid-cap industrials research firm that specializes in uncovering value in small- and mid-cap industrials through a hybrid research approach that blends top-down market analysis with bottom-up company fundamentals. Sign up for the newsletter.
Company Info
Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and cleaning and analytical services for the semiconductor industry in the United States and internationally.
Market Cap
$3.3B
Pitch Price
$72.83
Price Target
96.00 (+25%)
Dividend
N/A
EV/EBITDA
22.51
P/E
-141.42
EV/Sales
1.78
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Research & Analysis: Ultra Clean Holdings (NASDAQ: UCTT)
UCTT (monitor): Ultra Clean’s UCT 3.0 transformation and manufacturing expansion target a $4B annualized revenue run-rate by the second half of 2027, roughly double FY25 revenue, with larger assemblies and operating leverage supporting margin expansion. The $96 target implies 42% upside at 9.15x estimated FY28 adjusted EBITDA. The principal near-term risk is the planned $400M ATM issuance — about 13% of current equity value — making dilution a reason to wait before entering.
Read full article (7 min)