Ultra Clean Holdings, Inc. (UCTT) Issues Q3 Earnings Guidance
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.62-0.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.39. The company issued revenue guidance of $235.0-245.0 million, compared to the consensus revenue estimate of $193.84 million.
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded down 1.21% during mid-day trading on Thursday, reaching $24.54. 2,333,614 shares of the company’s stock were exchanged. Ultra Clean Holdings, Inc. has a 52 week low of $5.94 and a 52 week high of $26.21. The company has a market capitalization of $811.32 million, a P/E ratio of 30.04 and a beta of 1.15. The company’s 50 day moving average price is $21.62 and its 200-day moving average price is $17.63.
Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.11. The firm had revenue of $228.26 million during the quarter, compared to analysts’ expectations of $213.92 million. Ultra Clean Holdings had a return on equity of 17.24% and a net margin of 4.22%. Ultra Clean Holdings’s quarterly revenue was up 75.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. On average, equities research analysts expect that Ultra Clean Holdings, Inc. will post $1.73 earnings per share for the current fiscal year.
UCTT has been the subject of several research analyst reports. Zacks Investment Research cut Ultra Clean Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, June 28th. BidaskClub upgraded Ultra Clean Holdings from a hold rating to a buy rating in a research note on Wednesday, July 12th. ValuEngine cut Ultra Clean Holdings from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. Stifel Nicolaus increased their target price on Ultra Clean Holdings from $12.00 to $18.00 and gave the company a buy rating in a research note on Friday, April 28th. Finally, Needham & Company LLC increased their target price on Ultra Clean Holdings from $18.00 to $22.00 and gave the company a buy rating in a research note on Thursday, April 27th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Ultra Clean Holdings has a consensus rating of Buy and an average price target of $20.50.
In related news, SVP Mark Bingaman sold 36,743 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $23.34, for a total transaction of $857,581.62. Following the transaction, the senior vice president now directly owns 76,670 shares in the company, valued at $1,789,477.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leonid Mezhvinsky sold 23,200 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $20.43, for a total value of $473,976.00. Following the transaction, the director now owns 32,800 shares in the company, valued at $670,104. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 110,051 shares of company stock valued at $2,392,732. Company insiders own 2.60% of the company’s stock.
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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.
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