Ultra Clean Holdings is trading 5.32% up now at $84.47 as investors continue reassessing its August 3 earnings beat and upbeat third-quarter outlook.

  • Management guided for $700 million–$750 million in Q3 revenue and $0.83–$1.03 in non-GAAP EPS.
  • Needham raised its price target to $125 from $92.
  • The move follows a 5.13% decline on August 5, suggesting a sharp rebound after concerns about cash burn weighed on shares.