Loading..

Ultra Clean Holdings, Inc. (UCTT) Report Analysis

Corporate Events

Negative

Ultra Clean Holdings, Inc. Appoints Brian E. Ha...

2022-06-27 20:32:00

On June 23, 2022, the Board of Directors of Ultra Clean Holdings, Inc. appointed Brian E. Harding as the Company’s Chief Accounting Officer, e...

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added...

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 3000 Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added...

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2500 Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added...

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell Small Cap Comp Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added...

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2000 Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added...

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 3000E Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added...

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2000 Value-Defensive Index

Negative

Ultra Clean Holdings, Inc. Announces Resignatio...

2022-05-18 20:31:00

On May 16, 2022, Chris Siu, Chief Accounting Officer of Ultra Clean Holdings, Inc. resigned from such position, and will no longer act as the ...

Neutral

Ultra Clean Holdings, Inc. Presents at Cowen 50...

2022-05-18 12:30:00

Ultra Clean Holdings, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-02-2022 . Venue: New York City, New Yo...

Neutral

Ultra Clean Holdings, Inc. Presents at 19th Ann...

2022-05-18 12:30:00

Ultra Clean Holdings, Inc. Presents at 19th Annual Craig-Hallum Institutional Investor Conference, Jun-01-2022 .

Neutral

Ultra Clean Holdings, Inc. Presents at Stifel 2...

2022-05-18 12:30:00

Ultra Clean Holdings, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 09:10 AM. Venue: The InterContinental Boston H...

Negative

Ultra Clean Holdings, Inc. Appoints Christopher...

2022-05-04 20:59:00

Ultra Clean Holdings, Inc. announced that on April 29, 2022, the Board of Directors of the Company appointed Christopher S. Cook as the Compan...

Neutral

Ultra Clean Holdings, Inc. Provides Earnings Gu...

2022-04-27 20:05:00

Ultra Clean Holdings, Inc. announced that the Company expects revenue in the range of $550.0 million to $630.0 million and GAAP diluted net in...

Negative

Ultra Clean Holdings, Inc. Announces Resignatio...

2022-04-25 20:19:00

On April 22, 2022, W. Joseph Williams, the President, Products Business of Ultra Clean Holdings, Inc. (the “Company”), resigned from the Compa...

Neutral

Ultra Clean Holdings, Inc. - Shareholder/Analyst Call

2022-04-25 20:02:00

AGM

Neutral

Ultra Clean Holdings, Inc., Annual General Meet...

2022-04-25 20:02:00

Ultra Clean Holdings, Inc., Annual General Meeting, May 19, 2022, at 12:30 Pacific Standard Time. Agenda: To elect directors; to ratify the ap...

Neutral

Ultra Clean Holdings, Inc. to Report Q1, 2022 R...

2022-04-11 12:34:00

Ultra Clean Holdings, Inc. announced that they will report Q1, 2022 results After-Market on Apr 27, 2022

Neutral

Ultra Clean Holdings, Inc., Q1 2022 Earnings Ca...

2022-04-11 12:34:00

Ultra Clean Holdings, Inc., Q1 2022 Earnings Call, Apr 27, 2022

Negative

Ultra Clean Holdings, Inc. Revises Earnings Gui...

2022-04-11 12:30:00

Ultra Clean Holdings, Inc. revised earnings guidance for the first quarter 2022. for the quarter, the company expects revenue to be between $5...

Neutral

Stifel, Nicolaus & Company, Incorporated, Stife...

2022-03-02 19:15:00

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterCont...

Neutral

Craig-Hallum Capital Group LLC, 19th Annual Cra...

2022-02-09 13:26:00

Craig-Hallum Capital Group LLC, 19th Annual Craig-Hallum Institutional Investor Conference, Jun 01, 2022.

Neutral

Cowen Inc., Cowen 50th Annual Technology, Media...

2022-02-07 20:29:00

Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, Un...

Neutral

Ultra Clean Holdings, Inc. Presents at 12th Ann...

2021-11-04 20:05:00

Ultra Clean Holdings, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021 .

Neutral

Ultra Clean Holdings, Inc. Presents at DA David...

2021-11-04 20:05:00

Ultra Clean Holdings, Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021 .

Neutral

D.A. Davidson & Co., DA Davidson Semicap, Laser...

2021-10-30 14:04:00

D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021.

Neutral

Ultra Clean Holdings, Inc. Provides Earnings Gu...

2021-10-27 20:25:00

Ultra Clean Holdings, Inc. provided earnings guidance for the fourth quarter of 2021. The Company expects revenue in the range of $590.0 milli...

Neutral

Ultra Clean Holdings, Inc., Q3 2021 Earnings Ca...

2021-10-04 20:22:00

Ultra Clean Holdings, Inc., Q3 2021 Earnings Call, Oct 27, 2021

Neutral

Ultra Clean Holdings, Inc. to Report Q3, 2021 R...

2021-10-04 20:22:00

Ultra Clean Holdings, Inc. announced that they will report Q3, 2021 results After-Market on Oct 27, 2021

Neutral

Craig-Hallum Capital Group LLC, 12th Annual Cra...

2021-09-08 08:33:00

Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021.

Neutral

Ultra Clean Holdings, Inc. Presents at Needham ...

2021-08-23 12:30:00

Ultra Clean Holdings, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 .

Neutral

Ultra Clean Holdings, Inc. Presents at Colliers...

2021-08-23 12:30:00

Ultra Clean Holdings, Inc. Presents at Colliers 2021 Institutional Investor Conference, Sep-09-2021 .

Neutral

Ultra Clean Holdings, Inc. Provided Earnings Gu...

2021-08-02 20:05:00

Ultra Clean Holdings, Inc. provided earnings guidance for the third quarter of 2021. For the period, the company expects revenue in the range ...

Neutral

Ultra Clean Holdings, Inc. to Report Q2, 2021 R...

2021-07-01 12:30:00

Ultra Clean Holdings, Inc. announced that they will report Q2, 2021 results After-Market on Aug 02, 2021

Neutral

Ultra Clean Holdings, Inc., Q2 2021 Earnings Ca...

2021-07-01 12:30:00

Ultra Clean Holdings, Inc., Q2 2021 Earnings Call, Aug 02, 2021

Negative

Ultra Clean Holdings, Inc. Appoints Brian E. Harding as Chief Accounting Officer

2022-06-27 20:32:00

On June 23, 2022, the Board of Directors of Ultra Clean Holdings, Inc. appointed Brian E. Harding as the Company’s Chief Accounting Officer, effective June 24, 2022. Prior to joining the Company, Mr. Harding, 41, served as Vice President and Corporate Controller at The Greenbrier Companies from March 2020 to June 2022, and as Vice President, Corporate Controller and Principal Accounting Officer from May 2016 to March 2020 and as Director of Finance and Accounting from May 2014 to May 2016 at FLIR Systems, Inc. (now part of Teledyne Technologies). He previously served in various roles at KPMG from October 2003 to May 2014. Mr. Harding holds a Bachelor of Arts in Business Administration with concentrations in Accounting and Finance from Pacific University and is a Certified Public Accountant.

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 3000 Value Index

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 3000 Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2500 Value Index

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2500 Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell Small Cap Comp Value Index

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell Small Cap Comp Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2000 Value Index

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2000 Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 3000E Value Index

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 3000E Value Index

Positive

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2000 Value-Defensive Index

2022-06-24 00:00:00

Ultra Clean Holdings, Inc.(NasdaqGS:UCTT) added to Russell 2000 Value-Defensive Index

Negative

Ultra Clean Holdings, Inc. Announces Resignation of Chris Siu as Chief Accounting Officer

2022-05-18 20:31:00

On May 16, 2022, Chris Siu, Chief Accounting Officer of Ultra Clean Holdings, Inc. resigned from such position, and will no longer act as the Company’s principal accounting officer effective immediately. Mr. Siu’s decision to resign was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Neutral

Ultra Clean Holdings, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-02-2022

2022-05-18 12:30:00

Ultra Clean Holdings, Inc. Presents at Cowen 50th Annual Technology, Media, and Telecom Conference, Jun-02-2022 . Venue: New York City, New York, United States.

Neutral

Ultra Clean Holdings, Inc. Presents at 19th Annual Craig-Hallum Institutional Investor Conference, Jun-01-2022

2022-05-18 12:30:00

Ultra Clean Holdings, Inc. Presents at 19th Annual Craig-Hallum Institutional Investor Conference, Jun-01-2022 .

Neutral

Ultra Clean Holdings, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 09:10 AM

2022-05-18 12:30:00

Ultra Clean Holdings, Inc. Presents at Stifel 2022 Cross Sector Insight Conference, Jun-08-2022 09:10 AM. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.

Negative

Ultra Clean Holdings, Inc. Appoints Christopher S. Cook as the Company’s President, Products Business, Effective April 29, 2022

2022-05-04 20:59:00

Ultra Clean Holdings, Inc. announced that on April 29, 2022, the Board of Directors of the Company appointed Christopher S. Cook as the Company’s President, Products Business, effective April 29, 2022. Prior to joining the Company, Mr. Cook, 53, served as Executive Vice President at Cypress Semiconductor Corporation from March 2017 to April 2020.

Neutral

Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Second Quarter of 2022

2022-04-27 20:05:00

Ultra Clean Holdings, Inc. announced that the Company expects revenue in the range of $550.0 million to $630.0 million and GAAP diluted net income per share to be between $0.60 and $0.92 for the second quarter of 2022.

Negative

Ultra Clean Holdings, Inc. Announces Resignation of W. Joseph Williams as President, Products Business

2022-04-25 20:19:00

On April 22, 2022, W. Joseph Williams, the President, Products Business of Ultra Clean Holdings, Inc. (the “Company”), resigned from the Company effective May 2, 2022, in order to pursue other career opportunities. Mr. Williams’ decision to resign was not due to any disagreement with the policies, procedures or practices of the Company.

Neutral

Ultra Clean Holdings, Inc. - Shareholder/Analyst Call

2022-04-25 20:02:00

AGM

Neutral

Ultra Clean Holdings, Inc., Annual General Meeting, May 19, 2022

2022-04-25 20:02:00

Ultra Clean Holdings, Inc., Annual General Meeting, May 19, 2022, at 12:30 Pacific Standard Time. Agenda: To elect directors; to ratify the appointment of moss adams llp as independent registered public accounting firm for fiscal 2022; to hold an advisory vote on executive compensation; and to conduct other business that may properly come before the annual meeting or any adjournment or postponement thereof.

Neutral

Ultra Clean Holdings, Inc. to Report Q1, 2022 Results on Apr 27, 2022

2022-04-11 12:34:00

Ultra Clean Holdings, Inc. announced that they will report Q1, 2022 results After-Market on Apr 27, 2022

Neutral

Ultra Clean Holdings, Inc., Q1 2022 Earnings Call, Apr 27, 2022

2022-04-11 12:34:00

Ultra Clean Holdings, Inc., Q1 2022 Earnings Call, Apr 27, 2022

Negative

Ultra Clean Holdings, Inc. Revises Earnings Guidance for the First Quarter 2022

2022-04-11 12:30:00

Ultra Clean Holdings, Inc. revised earnings guidance for the first quarter 2022. for the quarter, the company expects revenue to be between $560.0 million and $570.0 million as compared to $580.0 million to $630.0 million expected earlier.

Neutral

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022

2022-03-02 19:15:00

Stifel, Nicolaus & Company, Incorporated, Stifel 2022 Cross Sector Insight Conference, Jun 06, 2022 through Jun 09, 2022. Venue: The InterContinental Boston Hotel, Boston, Massachusetts, United States.

Neutral

Craig-Hallum Capital Group LLC, 19th Annual Craig-Hallum Institutional Investor Conference, Jun 01, 2022

2022-02-09 13:26:00

Craig-Hallum Capital Group LLC, 19th Annual Craig-Hallum Institutional Investor Conference, Jun 01, 2022.

Neutral

Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022

2022-02-07 20:29:00

Cowen Inc., Cowen 50th Annual Technology, Media, and Telecom Conference, Jun 01, 2022 through Jun 03, 2022. Venue: New York City, New York, United States.

Neutral

Ultra Clean Holdings, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021

2021-11-04 20:05:00

Ultra Clean Holdings, Inc. Presents at 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov-16-2021 .

Neutral

Ultra Clean Holdings, Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021

2021-11-04 20:05:00

Ultra Clean Holdings, Inc. Presents at DA Davidson Semicap, Laser and Optical Conference, Dec-15-2021 .

Neutral

D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021

2021-10-30 14:04:00

D.A. Davidson & Co., DA Davidson Semicap, Laser and Optical Conference, Dec 15, 2021.

Neutral

Ultra Clean Holdings, Inc. Provides Earnings Guidance for the Fourth Quarter of 2021

2021-10-27 20:25:00

Ultra Clean Holdings, Inc. provided earnings guidance for the fourth quarter of 2021. The Company expects revenue in the range of $590.0 million to $630.0 million and GAAP diluted net income per share to be between $0.89 and $1.06.

Neutral

Ultra Clean Holdings, Inc., Q3 2021 Earnings Call, Oct 27, 2021

2021-10-04 20:22:00

Ultra Clean Holdings, Inc., Q3 2021 Earnings Call, Oct 27, 2021

Neutral

Ultra Clean Holdings, Inc. to Report Q3, 2021 Results on Oct 27, 2021

2021-10-04 20:22:00

Ultra Clean Holdings, Inc. announced that they will report Q3, 2021 results After-Market on Oct 27, 2021

Neutral

Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021

2021-09-08 08:33:00

Craig-Hallum Capital Group LLC, 12th Annual Craig-Hallum Alpha Select Conference 2021, Nov 16, 2021.

Neutral

Ultra Clean Holdings, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021

2021-08-23 12:30:00

Ultra Clean Holdings, Inc. Presents at Needham Virtual 2nd Annual SemiCap and EDA Conference, Aug-24-2021 .

Neutral

Ultra Clean Holdings, Inc. Presents at Colliers 2021 Institutional Investor Conference, Sep-09-2021

2021-08-23 12:30:00

Ultra Clean Holdings, Inc. Presents at Colliers 2021 Institutional Investor Conference, Sep-09-2021 .

Neutral

Ultra Clean Holdings, Inc. Provided Earnings Guidance for the Third Quarter of 2021

2021-08-02 20:05:00

Ultra Clean Holdings, Inc. provided earnings guidance for the third quarter of 2021. For the period, the company expects revenue in the range of $520.0 million to $560.0 million and GAAP diluted net income per share to be between $0.68 and $0.85.

Neutral

Ultra Clean Holdings, Inc. to Report Q2, 2021 Results on Aug 02, 2021

2021-07-01 12:30:00

Ultra Clean Holdings, Inc. announced that they will report Q2, 2021 results After-Market on Aug 02, 2021

Neutral

Ultra Clean Holdings, Inc., Q2 2021 Earnings Call, Aug 02, 2021

2021-07-01 12:30:00

Ultra Clean Holdings, Inc., Q2 2021 Earnings Call, Aug 02, 2021

Fundamental Summary

Ultra Clean's financial reports for Q1 showed some underwhelming results. Specifically, their growth, value, and income factors indicate an execution challenge when it comes to generating exciting and consistent growth. These troubling results make a strong case for underperformance and for anticipating a significant downside. Therefore, we assessed them with a rating of 60 and a HOLD recommendation.

Ultra Clean reported earnings results for the first quarter ended April 01, 2022. For the first quarter, the company reported revenue was USD 564.14 million compared to USD 417.63 million a year ago. Net income was USD 27.93 million compared to USD 25 million a year ago. Basic earnings per share from continuing operations was USD 0.62 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.6 a year ago.

Business Description

Ultra Clean 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.

Sector Overview

Ultra Clean is included in the Semiconductors & Semiconductor Equipment according to GICS (global industry classification standard). The Semiconductors & Semiconductor Equipment industry is part of the Information Technology sector. It includes manufacturers of semiconductors, semiconductor equipment, and related products. Ultra Clean's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 2,011.6 -0.7% 78
Liabilities 1,085.3 -4.2% 56
Price to Book 1.6 -48.6% 67
Cash & Equivalents 367.0 -21.3% 48
Equity 879.6 3.6% 69
EBITDA 307.5 4.6% 73
Total Revenues 2,248.1 7.0% 53
Parameter Value Change Score
Return on Equity 17.5 0.0% 71
Net Cashflow 102.7 -61.4% 68
Capital Expenditure -73.5 -42.4% 41
Asset Turnover 1.4 4.5% 76
Free Cashflow -0.1 -101.7% 41

* All values are TTM

The below chart reflects Ultra Clean's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Ultra Clean's peer average final assessment score stands on 67.0, Ultra Clean's score is 60.

  •  UCTT
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
NVIDIA Corporation 400.2B 71 63 82
Hold
76
76 0 1
Intel Corporation 154.5B 77 76 58
Hold
75
75 1 1
QUALCOMM Incorporated 147.4B 82 66 77
Buy
82
82 2 1
Texas Instruments Incorporated 142.2B 76 74 70
Buy
80
80 3 1
Advanced Micro Devices, Inc. 130.9B 88 59 57
Hold
68
68 4 1
Broadcom Inc. 102.5B 62 71 85
Buy
79
79 5 1
Applied Materials, Inc. 82.7B 60 72 69
Hold
69
69 6 1
Analog Devices, Inc. 77.2B 69 65 84
Hold
78
78 7 1
Micron Technology, Inc. 64.6B 81 74 80
Strong Buy
89
89 8 1
Lam Research Corporation 60.8B 60 74 69
Hold
70
70 9 1
KLA Corporation 49.3B 66 67 74
Hold
72
72 10 1
NXP Semiconductors N.V. 40.5B 64 71 73
Hold
73
73 11 1
Marvell Technology, Inc. 38.5B 60 64 65
Hold
62
62 12 1
Microchip Technology Incorporated 33.0B 79 71 79
Buy
85
85 13 1
GLOBALFOUNDRIES Inc. 23.9B 78 70 63
Hold
75
75 14 1
ON Semiconductor Corporation 22.9B 81 73 70
Buy
82
82 15 1
Monolithic Power Systems, Inc. 18.5B 84 66 77
Buy
83
83 16 1
Skyworks Solutions, Inc. 15.5B 62 70 71
Hold
70
70 17 1
SolarEdge Technologies, Inc. 15.5B 81 53 43
Underperform
53
53 18 1
Teradyne, Inc. 15.3B 52 75 68
Hold
66
66 19 1
Entegris, Inc. 14.1B 70 69 65
Hold
70
70 20 1
Qorvo, Inc. 10.2B 67 72 73
Hold
75
75 21 1
First Solar, Inc. 7.2B 59 73 53
Underperform
60
60 22 1
Lattice Semiconductor Corporation 6.8B 68 71 77
Hold
78
78 23 1
MKS Instruments, Inc. 5.8B 70 74 59
Hold
70
70 24 1
Silicon Laboratories Inc. 5.3B 72 70 86
Buy
84
84 25 1
Universal Display Corporation 5.2B 75 68 71
Hold
76
76 26 1
CMC Materials, Inc. 5.1B 81 76 74
Strong Buy
87
87 27 1
Tower Semiconductor Ltd. 5.1B 65 79 68
Buy
79
79 28 1
Synaptics Incorporated 4.9B 81 68 66
Hold
76
76 29 1
Power Integrations, Inc. 4.4B 61 80 82
Buy
82
82 30 1
Amkor Technology, Inc. 4.2B 75 70 60
Hold
71
71 31 1
Cirrus Logic, Inc. 4.1B 86 67 90
Strong Buy
92
92 32 1
Allegro MicroSystems, Inc. 4.0B 74 61 56
Hold
62
62 33 1
Semtech Corporation 3.5B 67 75 77
Buy
80
80 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 70 76 68
Hold
77
77 35 1
FormFactor, Inc. 3.1B 84 80 67
Strong Buy
87
87 36 1
Diodes Incorporated 3.0B 62 76 72
Hold
75
75 37 1
SunPower Corporation 3.0B 61 49 74
Underperform
56
56 38 1
Silicon Motion Technology Corporation 2.8B 54 72 61
Hold
65
65 39 1
MaxLinear, Inc. 2.7B 76 75 88
Strong Buy
91
91 40 1
Nova Ltd. 2.7B 61 69 54
Hold
64
64 41 1
Ambarella, Inc. 2.6B 64 72 79
Hold
77
77 42 1
Kulicke and Soffa Industries, Inc. 2.6B 58 79 82
Buy
80
80 43 1
Rambus Inc. 2.4B 48 64 89
Hold
69
69 44 1
Canadian Solar Inc. 2.0B 59 72 71
Hold
71
71 45 1
Axcelis Technologies, Inc. 1.9B 81 67 82
Buy
85
85 46 1
Credo Technology Group Holding Ltd 1.7B 88 60 53
Hold
67
67 47 1
Himax Technologies, Inc. 1.6B 77 70 66
Buy
79
79 48 1
Impinj, Inc. 1.4B 72 59 65
Hold
65
65 49 1
Cohu, Inc. 1.3B 58 75 59
Hold
64
64 50 1
Photronics, Inc. 1.2B 69 71 82
Buy
81
81 51 1
SMART Global Holdings, Inc. 1.0B 86 65 62
Hold
75
75 52 1
Veeco Instruments Inc. 1.0B 58 76 71
Hold
72
72 53 1
Alpha and Omega Semiconductor Limited 929.5M 77 69 54
Hold
68
68 54 1
PDF Solutions, Inc. 808.6M 63 71 89
Buy
82
82 55 1
CEVA, Inc. 778.5M 73 71 71
Hold
77
77 56 1
Ichor Holdings, Ltd. 754.1M 60 67 58
Underperform
59
59 57 1
Maxeon Solar Technologies, Ltd. 575.9M 53 49 84
Hold
60
60 58 1
Enphase Energy, Inc. 25.7B 58 57 60
Underperform
52
52 59 1
Wolfspeed, Inc. 8.2B 74 69 55
Hold
66
66 60 1
Daqo New Energy Corp. 5.0B 93 65 89
Strong Buy
95
95 61 1
SiTime Corporation 3.6B 59 64 62
Underperform
59
59 62 1
Onto Innovation Inc. 3.6B 78 67 85
Buy
85
85 63 1
JinkoSolar Holding Co., Ltd. 3.2B 89 62 74
Buy
81
81 64 1
Camtek Ltd. 1.1B 66 68 71
Hold
74
74 65 1
ACM Research, Inc. 917.6M 52 67 50
Underperform
50
50 66 1
NeoPhotonics Corporation 838.5M 66 69 71
Hold
72
72 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 72 70 68
Hold
71
71 68 1
indie Semiconductor, Inc. 720.1M 44 43 85
Underperform
49
49 69 1
Magnachip Semiconductor Corporation 667.1M 74 90 57
Buy
82
82 70 1
Mykrolis Corp. 657.1M 72 67 75
Hold
76
76 71 1
Navitas Semiconductor Corporation 533.1M 67 53 90
Hold
72
72 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 56 66 73
Hold
62
62 73 1
Rigetti Computing, Inc. 413.5M 98 72 58
Buy
84
84 74 1
Meta Materials Inc. 396.9M 42 43 84
Underperform
47
47 75 1
Helix Technology Corporation 364.9M 65 74 61
Hold
68
68 76 1
Valens Semiconductor Ltd. 357.2M 75 65 66
Hold
75
75 77 1
Rockley Photonics Holdings Limited 305.7M 42 79 60
Underperform
59
59 78 1
CyberOptics Corporation 272.8M 75 71 72
Hold
78
78 79 1
Transphorm, Inc. 255.8M 45 68 88
Hold
69
69 80 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Ultra Clean's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Ultra Clean's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 30.25
52W Low 27.98
52W High 60.34
5D MA 29.93
50D MA 31.77
200D MA 44.45
MACD -0.76
RSI 31.82
STOCH 42.83

Balance Sheet Analysis

Ultra Clean appears likely to maintain its strong balance sheet metrics and momentum going forward. The company's assets section could set high expectations for Ultra Clean's future attractiveness, as they went to 2011.6, which is a -0.7% change from the last period. These results, specifically in contrast to their industry peers' performance, should support an upswing in the company's stock price. The company's asset component, therefore, received a grade of 78. Also, Ultra Clean produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Ultra Clean's equity was reported as 879.6, which represents a 3.6% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 4.5%. These metrics are all the more impressive relative to their peers and should support an upswing in their stock price. Consequently, their equity movement received a grade of 69. That said, one metric, Cash & Equivalents, stood out as strongly negative. Ultra Clean's management did a relatively poor job managing cash and cash equivalents, which now sit at 367.0 and represents a -21.3% change from the last reporting period. This performance is significantly less impressive than its peers and competitors. Its cash and cash equivalents movement, therefore, received a grade of 48. Therefore, we scored their balance sheet a 63.

Parameter Value Change Score
Assets 2,011.6 -0.7% 78
Liabilities 1,085.3 -4.2% 56
Price to Book 1.6 -48.6% 67
Cash & Equivalents 367.0 -21.3% 48
Equity 879.6 3.6% 69
* All values are TTM

The below chart describes Ultra Clean's performance as reflected on its balance sheet with respect to its peers. While Ultra Clean received a balance sheet score of 63, the average of its peers stands on 69.0.

  •  UCTT
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
NVIDIA Corporation 400.2B 78 70 65 97 54 71 0 1
Intel Corporation 154.5B 65 69 76 90 81 77 1 1
QUALCOMM Incorporated 147.4B 57 71 96 80 80 82 2 1
Texas Instruments Incorporated 142.2B 63 69 87 46 84 76 3 1
Advanced Micro Devices, Inc. 130.9B 93 61 78 96 80 88 4 1
Broadcom Inc. 102.5B 67 79 58 56 55 62 5 1
Applied Materials, Inc. 82.7B 71 72 63 41 55 60 6 1
Analog Devices, Inc. 77.2B 62 80 66 66 66 69 7 1
Micron Technology, Inc. 64.6B 73 69 85 76 74 81 8 1
Lam Research Corporation 60.8B 72 77 58 51 45 60 9 1
KLA Corporation 49.3B 75 62 73 53 66 66 10 1
NXP Semiconductors N.V. 40.5B 71 68 56 62 76 64 11 1
Marvell Technology, Inc. 38.5B 71 84 50 46 51 60 12 1
Microchip Technology Incorporated 33.0B 65 84 76 72 66 79 13 1
GLOBALFOUNDRIES Inc. 23.9B 81 65 74 82 74 78 14 1
ON Semiconductor Corporation 22.9B 74 68 77 89 82 81 15 1
Monolithic Power Systems, Inc. 18.5B 85 64 76 92 80 84 16 1
Skyworks Solutions, Inc. 15.5B 69 77 63 46 52 62 17 1
SolarEdge Technologies, Inc. 15.5B 77 62 78 96 85 81 18 1
Teradyne, Inc. 15.3B 49 81 62 45 47 52 19 1
Entegris, Inc. 14.1B 62 70 75 55 78 70 20 1
Qorvo, Inc. 10.2B 64 83 64 67 55 67 21 1
First Solar, Inc. 7.2B 76 70 50 58 58 59 22 1
Lattice Semiconductor Corporation 6.8B 53 79 78 60 64 68 23 1
MKS Instruments, Inc. 5.8B 60 73 73 76 72 70 24 1
Silicon Laboratories Inc. 5.3B 89 81 59 45 48 72 25 1
Universal Display Corporation 5.2B 57 76 83 85 69 75 26 1
CMC Materials, Inc. 5.1B 65 78 73 87 82 81 27 1
Tower Semiconductor Ltd. 5.1B 68 72 69 61 58 65 28 1
Synaptics Incorporated 4.9B 71 71 79 92 76 81 29 1
Power Integrations, Inc. 4.4B 56 82 58 79 53 61 30 1
Amkor Technology, Inc. 4.2B 70 68 75 74 77 75 31 1
Cirrus Logic, Inc. 4.1B 73 76 81 96 73 86 32 1
Allegro MicroSystems, Inc. 4.0B 68 69 74 81 76 74 33 1
Semtech Corporation 3.5B 58 79 68 67 64 67 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 65 75 74 38 74 70 35 1
FormFactor, Inc. 3.1B 72 70 84 82 80 84 36 1
Diodes Incorporated 3.0B 47 78 71 51 71 62 37 1
SunPower Corporation 3.0B 72 81 42 83 54 61 38 1
Silicon Motion Technology Corporation 2.8B 40 85 60 40 48 54 39 1
MaxLinear, Inc. 2.7B 68 71 75 85 74 76 40 1
Nova Ltd. 2.7B 86 45 75 48 82 61 41 1
Ambarella, Inc. 2.6B 46 75 74 86 65 64 42 1
Kulicke and Soffa Industries, Inc. 2.6B 46 83 60 76 56 58 43 1
Rambus Inc. 2.4B 43 83 41 95 54 48 44 1
Canadian Solar Inc. 2.0B 91 54 59 62 62 59 45 1
Axcelis Technologies, Inc. 1.9B 76 68 84 71 73 81 46 1
Credo Technology Group Holding Ltd 1.7B 94 61 78 79 86 88 47 1
Himax Technologies, Inc. 1.6B 78 55 91 85 95 77 48 1
Impinj, Inc. 1.4B 63 68 79 39 92 72 49 1
Cohu, Inc. 1.3B 53 82 57 59 58 58 50 1
Photronics, Inc. 1.2B 53 85 66 76 66 69 51 1
SMART Global Holdings, Inc. 1.0B 89 63 75 95 82 86 52 1
Veeco Instruments Inc. 1.0B 84 71 41 78 47 58 53 1
Alpha and Omega Semiconductor Limited 929.5M 89 63 68 87 67 77 54 1
PDF Solutions, Inc. 808.6M 54 81 63 90 51 63 55 1
CEVA, Inc. 778.5M 81 74 60 87 60 73 56 1
Ichor Holdings, Ltd. 754.1M 59 76 66 38 63 60 57 1
Maxeon Solar Technologies, Ltd. 575.9M 87 68 40 78 38 53 58 1
Enphase Energy, Inc. 25.7B 89 60 39 97 56 58 59 1
Wolfspeed, Inc. 8.2B 96 63 59 97 55 74 60 1
Daqo New Energy Corp. 5.0B 91 62 81 95 93 93 61 1
SiTime Corporation 3.6B 57 67 66 73 64 59 62 1
Onto Innovation Inc. 3.6B 83 70 67 72 73 78 63 1
JinkoSolar Holding Co., Ltd. 3.2B 86 62 77 94 94 89 64 1
Camtek Ltd. 1.1B 63 61 82 37 90 66 65 1
ACM Research, Inc. 917.6M 87 57 51 43 50 52 66 1
NeoPhotonics Corporation 838.5M 89 66 49 72 64 66 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 60 93 47 85 74 72 68 1
indie Semiconductor, Inc. 720.1M 48 54 72 56 55 44 69 1
Magnachip Semiconductor Corporation 667.1M 56 78 79 72 72 74 70 1
Mykrolis Corp. 657.1M 77 53 73 92 79 72 71 1
Navitas Semiconductor Corporation 533.1M 37 80 80 62 79 67 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 60 71 61 60 69 56 73 1
Rigetti Computing, Inc. 413.5M 93 62 85 99 98 98 74 1
Meta Materials Inc. 396.9M 51 78 42 41 51 42 75 1
Helix Technology Corporation 364.9M 65 78 79 85 52 65 76 1
Valens Semiconductor Ltd. 357.2M 92 70 66 45 72 75 77 1
Rockley Photonics Holdings Limited 305.7M 49 82 40 37 52 42 78 1
CyberOptics Corporation 272.8M 71 66 72 64 86 75 79 1
Transphorm, Inc. 255.8M 41 86 39 47 54 45 80 1

Income Statement Analysis

Overall, Ultra Clean's critical income statement metrics appear to strongly support positive growth going forward. Ultra Clean's management was effective in improving its EBIDTA, which now sits at 307.5 and represents a 4.6% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 13.2%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. The company's EBITDA movement, therefore, received a grade of 73. Also, In this filing, Ultra Clean reported a return on equity (ROE) ratio of 17.5, which represents a change of 0.0%. These numbers show that management has successfully encouraged growth while managing ROE and ROA metrics, especially relative to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 71. On the other hand, Revenue Efficiency, jumped out as looking rather underwhelming. Ultra Clean management did an underwhelming job managing revenue efficiency this past period. Ultra Clean's revenue efficiency is 2248.1 according to the metrics in the current filing, which represents a 7.0% change from the previous report. This metric might have a 18.5 percent impact on companies in the same industry and with the same market capitalization. Its uninspiring revenue efficiency is even more concerning relative to its peers and competitors in the current market. Consequently, their revenue efficiency received a grade of 53. Therefore, it received a score of 63.

Parameter Value Change Score
EBITDA 307.5 4.6% 73
Total Revenues 2,248.1 7.0% 53
Return on Equity 17.5 0.0% 71
* All values are TTM

The below chart describes Ultra Clean's performance as reflected on its income statement with respect to its peers. While Ultra Clean received a income statement score of 63 , the average of its peers stands on 64.0.

  •  UCTT
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
NVIDIA Corporation 400.2B 46 83 67 63 0 1
Intel Corporation 154.5B 90 55 74 76 1 1
QUALCOMM Incorporated 147.4B 48 87 78 66 2 1
Texas Instruments Incorporated 142.2B 69 78 70 74 3 1
Advanced Micro Devices, Inc. 130.9B 40 89 38 59 4 1
Broadcom Inc. 102.5B 59 80 90 71 5 1
Applied Materials, Inc. 82.7B 72 68 73 72 6 1
Analog Devices, Inc. 77.2B 40 91 92 65 7 1
Micron Technology, Inc. 64.6B 59 87 90 74 8 1
Lam Research Corporation 60.8B 80 64 75 74 9 1
KLA Corporation 49.3B 56 77 76 67 10 1
NXP Semiconductors N.V. 40.5B 59 79 90 71 11 1
Marvell Technology, Inc. 38.5B 41 89 87 64 12 1
Microchip Technology Incorporated 33.0B 57 83 92 71 13 1
GLOBALFOUNDRIES Inc. 23.9B 50 92 86 70 14 1
ON Semiconductor Corporation 22.9B 53 92 94 73 15 1
Monolithic Power Systems, Inc. 18.5B 45 90 83 66 16 1
Skyworks Solutions, Inc. 15.5B 69 71 63 70 17 1
SolarEdge Technologies, Inc. 15.5B 41 70 48 53 18 1
Teradyne, Inc. 15.3B 88 57 62 75 19 1
Entegris, Inc. 14.1B 56 80 80 69 20 1
Qorvo, Inc. 10.2B 76 65 63 72 21 1
First Solar, Inc. 7.2B 98 43 40 73 22 1
Lattice Semiconductor Corporation 6.8B 54 88 89 71 23 1
MKS Instruments, Inc. 5.8B 78 67 65 74 24 1
Silicon Laboratories Inc. 5.3B 44 96 98 70 25 1
Universal Display Corporation 5.2B 71 64 61 68 26 1
CMC Materials, Inc. 5.1B 72 75 93 76 27 1
Tower Semiconductor Ltd. 5.1B 63 87 82 79 28 1
Synaptics Incorporated 4.9B 45 91 90 68 29 1
Power Integrations, Inc. 4.4B 80 76 82 80 30 1
Amkor Technology, Inc. 4.2B 63 76 77 70 31 1
Cirrus Logic, Inc. 4.1B 42 92 93 67 32 1
Allegro MicroSystems, Inc. 4.0B 68 48 69 61 33 1
Semtech Corporation 3.5B 64 84 87 75 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 74 77 72 76 35 1
FormFactor, Inc. 3.1B 79 76 83 80 36 1
Diodes Incorporated 3.0B 66 83 86 76 37 1
SunPower Corporation 3.0B 49 43 74 49 38 1
Silicon Motion Technology Corporation 2.8B 54 83 78 72 39 1
MaxLinear, Inc. 2.7B 56 92 96 75 40 1
Nova Ltd. 2.7B 41 89 78 69 41 1
Ambarella, Inc. 2.6B 56 89 79 72 42 1
Kulicke and Soffa Industries, Inc. 2.6B 73 82 85 79 43 1
Rambus Inc. 2.4B 48 86 60 64 44 1
Canadian Solar Inc. 2.0B 73 76 53 72 45 1
Axcelis Technologies, Inc. 1.9B 44 91 91 67 46 1
Credo Technology Group Holding Ltd 1.7B 38 88 61 60 47 1
Himax Technologies, Inc. 1.6B 53 84 66 70 48 1
Impinj, Inc. 1.4B 64 53 51 59 49 1
Cohu, Inc. 1.3B 92 53 49 75 50 1
Photronics, Inc. 1.2B 55 86 92 71 51 1
SMART Global Holdings, Inc. 1.0B 48 87 66 65 52 1
Veeco Instruments Inc. 1.0B 66 84 91 76 53 1
Alpha and Omega Semiconductor Limited 929.5M 62 75 76 69 54 1
PDF Solutions, Inc. 808.6M 49 95 88 71 55 1
CEVA, Inc. 778.5M 51 90 97 71 56 1
Ichor Holdings, Ltd. 754.1M 72 60 54 67 57 1
Maxeon Solar Technologies, Ltd. 575.9M 50 49 60 49 58 1
Enphase Energy, Inc. 25.7B 45 74 55 57 59 1
Wolfspeed, Inc. 8.2B 49 90 86 69 60 1
Daqo New Energy Corp. 5.0B 37 95 94 65 61 1
SiTime Corporation 3.6B 40 93 78 64 62 1
Onto Innovation Inc. 3.6B 47 87 89 67 63 1
JinkoSolar Holding Co., Ltd. 3.2B 38 89 82 62 64 1
Camtek Ltd. 1.1B 50 81 71 68 65 1
ACM Research, Inc. 917.6M 88 43 42 67 66 1
NeoPhotonics Corporation 838.5M 45 95 90 69 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 90 59 63 70 68 1
indie Semiconductor, Inc. 720.1M 37 46 71 43 69 1
Magnachip Semiconductor Corporation 667.1M 94 80 88 90 70 1
Mykrolis Corp. 657.1M 68 68 58 67 71 1
Navitas Semiconductor Corporation 533.1M 56 44 74 53 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 87 49 76 66 73 1
Rigetti Computing, Inc. 413.5M 92 43 69 72 74 1
Meta Materials Inc. 396.9M 37 45 72 43 75 1
Helix Technology Corporation 364.9M 89 47 50 74 76 1
Valens Semiconductor Ltd. 357.2M 41 86 65 65 77 1
Rockley Photonics Holdings Limited 305.7M 97 50 85 79 78 1
CyberOptics Corporation 272.8M 54 86 87 71 79 1
Transphorm, Inc. 255.8M 37 81 97 68 80 1

Cash Flow Analysis

Ultra Clean appears likely to maintain its strong cash flow metrics and momentum going forward. Ultra Clean is doing a remarkable job of keeping its asset turnover under control. At filing, their asset turnover metrics were 1.4, representing a 4.5% change from the previous period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 10.7%. Its asset turnover metrics are especially remarkable relative to their peers. We believe the stock price has room to grow to reflect its intrinsic value accurately. Correspondingly, their asset turnover movement received a grade of 76. Also, Ultra Clean presents exciting net cash flow numbers for its recent financial release, illustrated by a net cash flow of 102.7, which is a change of -61.4% from the last filing. The company is headed in the right direction regarding business priorities, exhibiting prudent net cash flow management and growth. The company's net cash flow, therefore, received a grade of 68. On the other hand, Capital Expenditure, jumped out as looking rather underwhelming. Ultra Clean's management was ineffective in materially improving CapEx, which now sits at -73.5 and represents a -42.4% change from the previous report. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Its CapEx movement, therefore, received a grade of 41. Consequently, their cash flow earned a score of 61.

Parameter Value Change Score
Net Cashflow 102.7 -61.4% 68
Capital Expenditure -73.5 -42.4% 41
Asset Turnover 1.4 4.5% 76
Free Cashflow -0.1 -101.7% 41
* All values are TTM

The below chart describes Ultra Clean's performance as reflected on its cash flow with respect to its peers. While Ultra Clean received a cash flow score of 61, the average of its peers stands on 67.0.

  •  UCTT
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
NVIDIA Corporation 400.2B 93 65 61 86 82 0 1
Intel Corporation 154.5B 58 72 68 53 58 1 1
QUALCOMM Incorporated 147.4B 65 65 70 87 77 2 1
Texas Instruments Incorporated 142.2B 74 74 63 69 70 3 1
Advanced Micro Devices, Inc. 130.9B 93 66 69 37 57 4 1
Broadcom Inc. 102.5B 75 76 87 89 85 5 1
Applied Materials, Inc. 82.7B 75 59 69 72 69 6 1
Analog Devices, Inc. 77.2B 78 76 51 94 84 7 1
Micron Technology, Inc. 64.6B 81 85 81 74 80 8 1
Lam Research Corporation 60.8B 72 60 56 75 69 9 1
KLA Corporation 49.3B 70 76 52 79 74 10 1
NXP Semiconductors N.V. 40.5B 59 72 51 85 73 11 1
Marvell Technology, Inc. 38.5B 94 84 58 46 65 12 1
Microchip Technology Incorporated 33.0B 80 79 48 84 79 13 1
GLOBALFOUNDRIES Inc. 23.9B 54 86 45 64 63 14 1
ON Semiconductor Corporation 22.9B 60 79 55 74 70 15 1
Monolithic Power Systems, Inc. 18.5B 84 78 59 74 77 16 1
Skyworks Solutions, Inc. 15.5B 78 57 79 73 71 17 1
SolarEdge Technologies, Inc. 15.5B 46 38 55 52 43 18 1
Teradyne, Inc. 15.3B 75 65 66 68 68 19 1
Entegris, Inc. 14.1B 61 57 50 76 65 20 1
Qorvo, Inc. 10.2B 78 65 87 71 73 21 1
First Solar, Inc. 7.2B 47 85 56 46 53 22 1
Lattice Semiconductor Corporation 6.8B 79 77 43 82 77 23 1
MKS Instruments, Inc. 5.8B 58 58 92 56 59 24 1
Silicon Laboratories Inc. 5.3B 71 89 81 87 86 25 1
Universal Display Corporation 5.2B 75 81 68 65 71 26 1
CMC Materials, Inc. 5.1B 72 66 68 80 74 27 1
Tower Semiconductor Ltd. 5.1B 76 57 55 59 68 28 1
Synaptics Incorporated 4.9B 85 62 98 55 66 29 1
Power Integrations, Inc. 4.4B 88 77 64 82 82 30 1
Amkor Technology, Inc. 4.2B 46 57 62 71 60 31 1
Cirrus Logic, Inc. 4.1B 83 98 61 90 90 32 1
Allegro MicroSystems, Inc. 4.0B 56 56 77 56 56 33 1
Semtech Corporation 3.5B 79 78 58 79 77 34 1
MACOM Technology Solutions Holdings, Inc. 3.3B 46 78 54 78 68 35 1
FormFactor, Inc. 3.1B 78 81 66 58 67 36 1
Diodes Incorporated 3.0B 77 61 52 80 72 37 1
SunPower Corporation 3.0B 84 41 39 93 74 38 1
Silicon Motion Technology Corporation 2.8B 63 53 46 85 61 39 1
MaxLinear, Inc. 2.7B 90 92 80 81 88 40 1
Nova Ltd. 2.7B 58 53 39 58 54 41 1
Ambarella, Inc. 2.6B 84 95 45 75 79 42 1
Kulicke and Soffa Industries, Inc. 2.6B 93 81 83 74 82 43 1
Rambus Inc. 2.4B 96 73 89 88 89 44 1
Canadian Solar Inc. 2.0B 69 70 74 66 71 45 1
Axcelis Technologies, Inc. 1.9B 81 77 68 84 82 46 1
Credo Technology Group Holding Ltd 1.7B 60 85 37 43 53 47 1
Himax Technologies, Inc. 1.6B 66 77 48 77 66 48 1
Impinj, Inc. 1.4B 70 38 85 73 65 49 1
Cohu, Inc. 1.3B 92 62 71 44 59 50 1
Photronics, Inc. 1.2B 65 92 96 79 82 51 1
SMART Global Holdings, Inc. 1.0B 48 85 95 53 62 52 1
Veeco Instruments Inc. 1.0B 74 82 48 69 71 53 1
Alpha and Omega Semiconductor Limited 929.5M 49 64 45 60 54 54 1
PDF Solutions, Inc. 808.6M 81 98 45 92 89 55 1
CEVA, Inc. 778.5M 57 54 84 83 71 56 1
Ichor Holdings, Ltd. 754.1M 51 37 87 70 58 57 1
Maxeon Solar Technologies, Ltd. 575.9M 87 90 59 88 84 58 1
Enphase Energy, Inc. 25.7B 89 77 64 41 60 59 1
Wolfspeed, Inc. 8.2B 57 74 76 46 55 60 1
Daqo New Energy Corp. 5.0B 78 86 63 96 89 61 1
SiTime Corporation 3.6B 83 87 56 44 62 62 1
Onto Innovation Inc. 3.6B 94 65 88 85 85 63 1
JinkoSolar Holding Co., Ltd. 3.2B 68 69 73 78 74 64 1
Camtek Ltd. 1.1B 69 70 74 72 71 65 1
ACM Research, Inc. 917.6M 61 43 50 54 50 66 1
NeoPhotonics Corporation 838.5M 50 63 67 87 71 67 1
Hanwha Q CELLS Co., Ltd. 818.9M 64 63 74 73 68 68 1
indie Semiconductor, Inc. 720.1M 69 80 52 98 85 69 1
Magnachip Semiconductor Corporation 667.1M 65 56 76 54 57 70 1
Mykrolis Corp. 657.1M 65 69 68 82 75 71 1
Navitas Semiconductor Corporation 533.1M 70 87 94 93 90 72 1
ChipMOS TECHNOLOGIES (Bermuda) LTD. 417.9M 66 64 68 94 73 73 1
Rigetti Computing, Inc. 413.5M 48 76 51 60 58 74 1
Meta Materials Inc. 396.9M 85 56 68 97 84 75 1
Helix Technology Corporation 364.9M 75 62 63 56 61 76 1
Valens Semiconductor Ltd. 357.2M 53 89 90 47 66 77 1
Rockley Photonics Holdings Limited 305.7M 79 72 66 47 60 78 1
CyberOptics Corporation 272.8M 49 74 89 77 72 79 1
Transphorm, Inc. 255.8M 81 88 96 95 88 80 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.