Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Ultra Clean Holdings, Inc. (UCTT) is a publicly traded provider of critical subsystems, precision components, and advanced manufacturing services primarily for the semiconductor capital equipment industry, with additional exposure to life sciences and industrial technologies. The company designs, manufactures, and services highly engineered modules and systems that are integrated into semiconductor fabrication equipment, supporting wafer processing across leading-edge and mature technology nodes.
The company’s core revenue drivers include gas delivery systems, chemical delivery modules, precision cleaning services, and electromechanical assemblies supplied to major semiconductor equipment original equipment manufacturers (OEMs). Ultra Clean is positioned as a strategic outsourcing partner for customers seeking supply chain reliability, engineering collaboration, and scalable global manufacturing. Founded in 1991 and headquartered in Hayward, California, the company has evolved from a regional precision cleaning provider into a vertically integrated global supplier through organic expansion and targeted acquisitions.
Business Operations
Ultra Clean operates primarily as a single reportable segment but generates revenue through two tightly integrated business lines: Products and Services. The Products business includes the design and manufacture of subsystems such as gas delivery assemblies, chemical delivery modules, frame assemblies, and other critical subsystems used in semiconductor manufacturing equipment. The Services business focuses on precision cleaning, coating, and analytical testing of critical components to contamination-sensitive specifications.
Operations span both domestic and international manufacturing and service facilities, with production located near key customer hubs to support just-in-time delivery. The company controls proprietary manufacturing processes, contamination control technologies, and advanced assembly capabilities. Ultra Clean conducts business primarily through its operating subsidiaries, including Ultra Clean Technology and Quantum Global Technologies, the latter expanding capabilities in precision machining and complex system integration.
Strategic Position & Investments
Ultra Clean’s strategy centers on deepening relationships with leading semiconductor equipment OEMs by increasing content per tool, expanding value-added engineering services, and localizing manufacturing near customer fabrication sites. Growth initiatives emphasize supporting advanced semiconductor nodes, where contamination control and subsystem reliability are increasingly critical, as well as selectively expanding into adjacent high-purity industrial and life sciences applications.
A major strategic investment was the acquisition of Quantum Global Technologies, which broadened Ultra Clean’s precision machining, complex fabrication, and integrated manufacturing capabilities. The company continues to invest in automation, process control, and supply chain resiliency to manage semiconductor industry cyclicality. Emerging focus areas include advanced packaging support and higher-complexity subsystems aligned with next-generation semiconductor equipment architectures.
Geographic Footprint
Ultra Clean maintains a global operational footprint aligned with the semiconductor industry’s manufacturing geography. The company is headquartered in North America, with significant operations across Asia-Pacific, including China, Singapore, Malaysia, and Taiwan, which are key regions for semiconductor equipment manufacturing and assembly.
Additional facilities in Europe support regional customers and specialized services. This geographically distributed model allows Ultra Clean to provide localized manufacturing, reduce logistics risk, and comply with customer and regulatory requirements while maintaining centralized engineering and quality standards.
Leadership & Governance
Ultra Clean is led by an executive team with deep experience in semiconductor manufacturing, operations, and global supply chain management. Leadership emphasizes operational discipline, customer alignment, and long-term value creation through technology-driven manufacturing services.
Key executives include:
- Clarence Granger – President & Chief Executive Officer
- Sheri Savage – Executive Vice President & Chief Financial Officer
Information regarding additional founders or historical executive leadership beyond publicly disclosed filings is data inconclusive based on available public sources.