Press release
Lawsuit Alert: Investors who lost money with shares of Ultra Clean Holdings, Inc. (NASDAQ: UCTT) should contact the Shareholders Foundation
An investor, who purchased shares of Ultra Clean Holdings, Inc. (NASDAQ: UCTT), filed a lawsuit over alleged violations of Federal Securities Laws by Ultra Clean Holdings, Inc. in connection with certain allegedly false and misleading statements.Investors who purchased shares of Ultra Clean Holdings, Inc. (NASDAQ: UCTT) have certain options and for certain investors are short and strict deadlines running. Deadline: May 23, 2025. NASDAQ: UCTT investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Hayward, CA based 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.
On February 24, 2025, Ultra Clean Holdings, Inc. (NASDAQ: UCTT) published fourth quarter and full year 2024 fiscal results. Ultra Clean Holdings, Inc. (NASDAQ: UCTT) reported that its annual Total Revenue rose from over $1.73 billion in 2023 to over $2.09 billion in 2024, and that its Net Loss of $31.1 million in 2023 turned into a Net Income of $23.70 million in 2024.
Ultra Clean Holdings, Inc hosted an associated earnings call, where the Company's executives revealed that Ultra Clean was facing "demand softness" in China and decreased demand due to extended qualification timelines and inventory absorption.
Shares of Ultra Clean Holdings, Inc. (NASDAQ: UCTT) declined from $56.47 per share on July 16, 2024, to $22.85 per share on March 04, 2025.
The plaintiff claims that between May 6, 2024, to February 24, 2025, the defendants provided investors with material information concerning the elevated demand from Chinese original equipment manufacturers (OEMs) and in the general Chinese domestic market for Ultra Clean's products throughout the fiscal year 2024, that the defendants' statements included, among other things, reports of increased demand for the Company's products and services in the domestic Chinese market and reports of increased revenue, including revenue doubling with no signs of slowing down, due to the elevated demand in China for Ultra Clean's products and services, and that the Defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of the demand for Ultra Clean's products and services in the domestic Chinese market; notably, that the Company was facing a customer ramp issue with one of its critical customers, as well as a combination of inventory and demand corrections, which, ultimately, caused weakness for Ultra Clean in China.
Those who purchased shares of Ultra Clean Holdings, Inc. (NASDAQ: UCTT) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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