The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of investors who purchased Ultra Clean Holdings, Inc. (“Ultra Clean” or the “Company”) (NASDAQ: UCTT) securities between May 6, 2024 to February 24, 2025, inclusive (the “Class Period”). Ultra Clean investors have until May 23, 2025 to file a lead plaintiff motion.

What Happened?

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.

What Is The Lawsuit About?

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.