Ultra Clean Holdings, Inc.
| Company Name | Ultra Clean Holdings, Inc. |
| Stock Symbol | UCTT |
| Class Period | May 06, 2024 to February 24, 2025 |
| Lead Plaintiff Motion Deadline | May 23, 2025 |
On February 24, 2025, Ultra Clean reported its financial results for the fourth quarter and full year ended December 27, 2024. In connection with its earnings, the Company revealed that it was facing “demand softness” in its business “relat[ed] to extended qualification time lines and some inventory digestion.”
On this news, Ultra Clean’s stock price fell $10.16, or 28.2%, to close at $25.90 per share on February 25, 2025, thereby injuring investors.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Ultra Clean’s optimistic reports of significant growth and increased earnings potential fell short of reality as they failed to incorporate the impending weaker demand due to issues one of its major customers was facing, extended qualification timelines, and inventory absorption, particularly given the volatility of the semiconductor industry; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
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