Brokerages expect Ultra Clean Holdings, Inc. (NASDAQ:UCTT) to report $213.04 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Ultra Clean Holdings’ earnings, with the lowest sales estimate coming in at $210.33 million and the highest estimate coming in at $214.80 million. Ultra Clean Holdings reported sales of $129.83 million in the same quarter last year, which indicates a positive year over year growth rate of 64.1%. The business is expected to report its next earnings report on Thursday, July 27th.
On average, analysts expect that Ultra Clean Holdings will report full-year sales of $213.04 million for the current year, with estimates ranging from $758.41 million to $805.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $796.97 million per share, with estimates ranging from $773.43 million to $820.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Ultra Clean Holdings.
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, beating the consensus estimate of $0.42 by $0.05. Ultra Clean Holdings had a return on equity of 17.24% and a net margin of 4.22%. The company had revenue of $204.60 million for the quarter, compared to analyst estimates of $192.61 million. The company’s revenue for the quarter was up 82.4% compared to the same quarter last year.
A number of equities research analysts have issued reports on UCTT shares. Zacks Investment Research lowered Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine lowered Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 9th. Stifel Nicolaus increased their price target on Ultra Clean Holdings from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Needham & Company LLC increased their price target on Ultra Clean Holdings from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, April 27th. Finally, Cowen and Company started 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 on the stock. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ultra Clean Holdings presently has an average rating of “Buy” and an average target price of $19.10.
Ultra Clean Holdings (UCTT) traded up 2.26% during trading on Wednesday, reaching $19.00. The company’s stock had a trading volume of 155,249 shares. The stock has a market capitalization of $628.16 million, a PE ratio of 23.26 and a beta of 1.15. Ultra Clean Holdings has a 1-year low of $5.40 and a 1-year high of $26.21. The stock has a 50 day moving average price of $22.00 and a 200 day moving average price of $16.03.
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In other Ultra Clean Holdings news, SVP Michael Roy Henderson sold 10,425 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $21.00, for a total value of $218,925.00. Following the sale, the senior vice president now owns 43,272 shares of the company’s stock, valued at approximately $908,712. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deborah E. Hayward sold 19,883 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $20.76, for a total value of $412,771.08. Following the completion of the sale, the insider now directly owns 68,574 shares in the company, valued at approximately $1,423,596.24. The disclosure for this sale can be found here. Insiders sold a total of 154,350 shares of company stock worth $3,062,538 in the last ninety days. 2.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management AG acquired a new position in Ultra Clean Holdings during the fourth quarter worth approximately $100,000. State Board of Administration of Florida Retirement System increased its position in Ultra Clean Holdings by 2.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 12,549 shares of the semiconductor company’s stock worth $122,000 after buying an additional 251 shares during the last quarter. Greenwood Capital Associates LLC increased its position in Ultra Clean Holdings by 3.1% in the first quarter. Greenwood Capital Associates LLC now owns 11,076 shares of the semiconductor company’s stock worth $187,000 after buying an additional 334 shares during the last quarter. Nordea Investment Management AB acquired a new position in Ultra Clean Holdings during the first quarter worth approximately $204,000. Finally, CAPROCK Group Inc. increased its position in Ultra Clean Holdings by 48.7% in the first quarter. CAPROCK Group Inc. now owns 15,345 shares of the semiconductor company’s stock worth $259,000 after buying an additional 5,025 shares during the last quarter. Institutional investors and hedge funds own 85.27% 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.
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