FY2017 Earnings Forecast for Ultra Clean Holdings, Inc. Issued By Dougherty & Co (UCTT)
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) – Equities research analysts at Dougherty & Co lifted their FY2017 earnings per share (EPS) estimates for Ultra Clean Holdings in a note issued to investors on Tuesday. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will post earnings per share of $2.26 for the year, up from their previous forecast of $2.18. Dougherty & Co has a “Buy” rating and a $35.00 price target on the stock.
Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $228.26 million during the quarter, compared to the consensus estimate 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 was up 75.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 earnings per share.
UCTT has been the subject of several other reports. ValuEngine lowered Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Needham & Company LLC lifted their price objective on Ultra Clean Holdings from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus lifted their price objective 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. BidaskClub lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Cowen and Company lifted their price objective on Ultra Clean Holdings from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $30.33.
Ultra Clean Holdings (NASDAQ UCTT) opened at 33.34 on Wednesday. Ultra Clean Holdings has a 1-year low of $7.75 and a 1-year high of $34.59. The firm has a 50-day moving average price of $29.13 and a 200-day moving average price of $23.37. The firm has a market capitalization of $1.11 billion, a PE ratio of 24.12 and a beta of 1.30.
In related news, SVP Ronald D’ercole sold 1,457 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the sale, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sheri Brumm sold 20,512 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $22.85, for a total value of $468,699.20. Following the completion of the sale, the chief financial officer now directly owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The disclosure for this sale can be found here. Insiders sold a total of 51,119 shares of company stock valued at $1,203,079 over the last ninety days. 2.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in Ultra Clean Holdings by 4.2% in the 2nd quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after buying an additional 314 shares in the last quarter. Pacad Investment Ltd. bought a new stake in Ultra Clean Holdings in the 2nd quarter valued at about $173,000. Principal Financial Group Inc. bought a new stake in Ultra Clean Holdings in the 2nd quarter valued at about $228,000. NN Investment Partners Holdings N.V. bought a new stake in Ultra Clean Holdings in the 2nd quarter valued at about $236,000. Finally, State Board of Administration of Florida Retirement System increased its position in Ultra Clean Holdings by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock valued at $213,000 after buying an additional 69 shares in the last quarter. 76.83% of the stock is owned by institutional investors and hedge funds.
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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