Ultra Clean Holdings, Inc.

Case Overview
54 Days Left to Seek Lead Plaintiff
Lead Plaintiff Deadline: | Lead Plaintiff Deadline: 05/23/2025 |
Status: | Status: Investigating |
Company Name: | Company Name: Ultra Clean Holdings, Inc. |
Court: | Court: Northern District of California |
Case Number: | Case Number: 3:25cv02768 |
Class Period: | Class Period: 05/06/2024 - 02/24/2025 |
Ticker: | Ticker: UCTT |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired Ultra Clean Holdings, Inc. (“Ultra Clean” or the “Company”) (NASDAQ:UCTT) securities during the period from May 6, 2024, through February 24, 2025 (“the Class Period”). Investors have until May 23, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On February 24, 2025, Ultra Clean published fourth quarter and full year 2024 fiscal results and hosted an associated earnings call, where the Company’s executives revealed that Ultra Clean was facing “demand softness” in China. In particular, Ultra Clean was facing decreased demand in China due to extended qualification timelines and inventory absorption. On this news, the price of Ultra Clean shares declined by $10.16 per share, or approximately 28%, from $36.06 per share on February 24, 2025, to close at $25.90 on February 25, 2025.
The complaint alleges that defendants, throughout the Class Period, failed to disclose material information concerning the elevated demand from Chinese original equipment manufacturers (OEMs) and in the general Chinese domestic market for Ultra Cleans products throughout the fiscal year 2024.
On February 24, 2025, Ultra Clean published fourth quarter and full year 2024 fiscal results and hosted an associated earnings call, where the Company’s executives revealed that Ultra Clean was facing “demand softness” in China. In particular, Ultra Clean was facing decreased demand in China due to extended qualification timelines and inventory absorption. On this news, the price of Ultra Clean shares declined by $10.16 per share, or approximately 28%, from $36.06 per share on February 24, 2025, to close at $25.90 on February 25, 2025.
The complaint alleges that defendants, throughout the Class Period, failed to disclose material information concerning the elevated demand from Chinese original equipment manufacturers (OEMs) and in the general Chinese domestic market for Ultra Cleans products throughout the fiscal year 2024.