---
title: "BUZZ-Semiconductor firm Ultra Clean falls after increased $525 mln convertible bond deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277214190.md"
datetime: "2026-02-27T14:22:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277214190.md)
  - [en](https://longbridge.com/en/news/277214190.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277214190.md)
---

# BUZZ-Semiconductor firm Ultra Clean falls after increased $525 mln convertible bond deal

Semiconductor equipment and testing firm Ultra Clean Holdings’ (UCTT.O) shares down 3.8% premarket to $57.22 after above-target raise

Hayward, California-based firm late Thurs

private offering of $525 mln 0% 5-yr convertible bonds

Initial conversion price set at $84.75, 42.5% above stock’s last close of $59.47

UCTT shares finished down 11.7% on Thurs after co late Weds for working capital, to prepay a portion of term loan and other general corporate purposes

Co to use approx $40 mln of net offering proceeds to repurchase 627,608 shares to facilitate hedges and pay approx $22 mln to fund cost of capped calls

Through Thurs, UCTT shares up 135% YTD. Stock hit record intraday high of $73.80 on Weds All 4 analysts are bullish; median PT of $77.50 up from $35 a month ago, per LSEG (Lance Tupper is a Reuters market analyst. The views expressed are his own)

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