Ultra Clean Holdings, Inc. (NASDAQ:UCTT) – Equities researchers at Dougherty & Co cut their Q2 2017 earnings per share (EPS) estimates for shares of Ultra Clean Holdings in a research note issued to investors on Tuesday. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.50.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its earnings results on Wednesday, April 26th. The semiconductor company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Ultra Clean Holdings had a net margin of 4.22% and a return on equity of 17.24%. The business had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $192.61 million. Ultra Clean Holdings’s quarterly revenue was up 82.4% compared to the same quarter last year.

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A number of other brokerages have also recently weighed in on UCTT. ValuEngine cut Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday. BidaskClub raised Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Cowen and Company assumed coverage on Ultra Clean Holdings in a research report on Thursday, June 15th. They issued a “market perform” rating and a $26.00 price target for the company. Finally, Stifel Nicolaus boosted their price target on Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $20.50.

Shares of Ultra Clean Holdings (UCTT) opened at 24.27 on Thursday. The stock has a market capitalization of $802.39 million, a PE ratio of 29.71 and a beta of 1.15. The firm has a 50-day moving average of $21.50 and a 200 day moving average of $17.12. Ultra Clean Holdings has a 1-year low of $5.89 and a 1-year high of $26.21.

Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in Ultra Clean Holdings by 186.6% in the fourth quarter. Renaissance Technologies LLC now owns 763,500 shares of the semiconductor company’s stock valued at $7,406,000 after buying an additional 497,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ultra Clean Holdings by 21.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,779,331 shares of the semiconductor company’s stock valued at $46,886,000 after buying an additional 488,054 shares in the last quarter. Bank of Montreal Can boosted its position in Ultra Clean Holdings by 97,560.0% in the second quarter. Bank of Montreal Can now owns 442,400 shares of the semiconductor company’s stock valued at $8,295,000 after buying an additional 441,947 shares in the last quarter. Neuberger Berman Group LLC acquired a new position in Ultra Clean Holdings during the first quarter valued at $6,748,000. Finally, Systematic Financial Management LP acquired a new position in Ultra Clean Holdings during the first quarter valued at $4,088,000. 85.94% of the stock is owned by institutional investors and hedge funds.

In related news, insider Deborah E. Hayward sold 19,883 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $20.76, for a total transaction of $412,771.08. Following the completion of the transaction, the insider now owns 68,574 shares of the company’s stock, valued at approximately $1,423,596.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Bingaman sold 36,743 shares of the business’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $23.34, for a total value of $857,581.62. Following the transaction, the senior vice president now directly owns 76,670 shares of the company’s stock, valued at approximately $1,789,477.80. The disclosure for this sale can be found here. Insiders sold 110,221 shares of company stock valued at $2,395,749 in the last ninety days. Insiders own 2.60% of the company’s stock.

About Ultra Clean Holdings

Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.

Earnings History and Estimates for Ultra Clean Holdings (NASDAQ:UCTT)

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