Ultra Clean Holdings, Inc. (UCTT) Expected to Post Quarterly Sales of $240.90 Million
Analysts expect Ultra Clean Holdings, Inc. (NASDAQ:UCTT) to post sales of $240.90 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ultra Clean Holdings’ earnings, with estimates ranging from $240.80 million to $241.00 million. Ultra Clean Holdings posted sales of $146.15 million in the same quarter last year, which suggests a positive year over year growth rate of 64.8%. The business is expected to issue its next earnings results on Wednesday, October 25th.
On average, analysts expect that Ultra Clean Holdings will report full-year sales of $240.90 million for the current year, with estimates ranging from $782.41 million to $903.50 million. For the next fiscal year, analysts forecast that the company will report sales of $910.90 million per share, with estimates ranging from $817.01 million to $973.70 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Ultra Clean Holdings.
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 Thomson Reuters’ consensus estimate of $0.51 by $0.11. The business 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 24.16% and a net margin of 6.25%. The firm’s revenue for the quarter was up 75.8% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS.
Several research firms have issued reports on UCTT. Stifel Nicolaus increased their target price 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. Cowen and Company began coverage on Ultra Clean Holdings in a research report on Thursday, June 15th. They set a “market perform” rating and a $26.00 target price on the stock. ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $27.83.
In related news, CFO Sheri Brumm sold 20,512 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total value of $468,699.20. Following the sale, the chief financial officer now owns 170,939 shares in the company, valued at $3,905,956.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leonid Mezhvinsky sold 6,800 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $23.26, for a total value of $158,168.00. Following the completion of the sale, the director now owns 33,500 shares in the company, valued at approximately $779,210. The disclosure for this sale can be found here. Insiders sold 94,484 shares of company stock worth $2,119,172 in the last quarter. 2.60% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. ZPR Investment Management acquired a new stake in shares of Ultra Clean Holdings during the second quarter worth about $1,490,000. Private Advisory Group LLC acquired a new stake in shares of Ultra Clean Holdings during the second quarter worth about $313,000. The Manufacturers Life Insurance Company increased its stake in shares of Ultra Clean Holdings by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 26,505 shares of the semiconductor company’s stock worth $496,000 after buying an additional 454 shares during the period. State Street Corp increased its stake in shares of Ultra Clean Holdings by 14.0% in the second quarter. State Street Corp now owns 601,912 shares of the semiconductor company’s stock worth $11,285,000 after buying an additional 74,084 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Ultra Clean Holdings by 175.0% in the second quarter. Gotham Asset Management LLC now owns 82,685 shares of the semiconductor company’s stock worth $1,550,000 after buying an additional 52,621 shares during the period. Institutional investors own 83.09% of the company’s stock.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) opened at 23.11 on Wednesday. The firm has a market capitalization of $772.61 million, a PE ratio of 16.72 and a beta of 1.19. The company’s 50-day moving average price is $21.86 and its 200 day moving average price is $18.61. Ultra Clean Holdings has a 12-month low of $6.45 and a 12-month high of $26.21.
Ultra Clean Holdings Company Profile
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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