Dougherty & Co Comments on Ultra Clean Holdings, Inc.’s Q4 2017 Earnings (UCTT)
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) – Dougherty & Co issued their Q4 2017 earnings per share estimates for Ultra Clean Holdings in a research note issued on Monday. Dougherty & Co analyst R. Ryan expects that the semiconductor company will post earnings per share of $0.60 for the quarter. Dougherty & Co has a “Buy” rating and a $35.00 price target on the stock. Dougherty & Co also issued estimates for Ultra Clean Holdings’ FY2018 earnings at $2.50 EPS.
Ultra Clean Holdings (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.02). Ultra Clean Holdings had a return on equity of 30.08% and a net margin of 7.55%. The business had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm’s quarterly revenue was up 65.9% on a year-over-year basis.
UCTT has been the topic of several other research reports. Stifel Nicolaus raised their target price on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Monday, July 10th. ValuEngine lowered Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 11th. BidaskClub raised Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. 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 note on Tuesday, July 18th. Finally, Cowen and Company set a $26.00 price objective on Ultra Clean Holdings and gave the company a “hold” rating in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $30.67.
Several institutional investors have recently added to or reduced their stakes in UCTT. Legal & General Group Plc lifted its position in shares of Ultra Clean Holdings by 4.2% during 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. purchased a new position in shares of Ultra Clean Holdings during the 2nd quarter valued at about $173,000. Principal Financial Group Inc. purchased a new position in shares of Ultra Clean Holdings during the 2nd quarter valued at about $228,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Ultra Clean Holdings during the 2nd quarter valued at about $236,000. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Ultra Clean Holdings by 0.5% during 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. Institutional investors and hedge funds own 76.23% of the company’s stock.
In other Ultra Clean Holdings news, insider Deborah E. Hayward sold 13,872 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $32.48, for a total transaction of $450,562.56. Following the completion of the sale, the insider now directly owns 61,702 shares in the company, valued at approximately $2,004,080.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Ronald D’ercole sold 1,457 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the sale, the senior vice president now owns 69,233 shares of the company’s stock, valued at $2,109,529.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,358 shares of company stock valued at $1,181,915. Corporate insiders own 2.60% of the company’s stock.
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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