Ultra Clean Holdings, Inc. (NASDAQ:UCTT) – Research analysts at Craig Hallum raised their FY2016 earnings per share estimates for Ultra Clean Holdings in a research report issued on Tuesday. Craig Hallum analyst C. Schwab now anticipates that the firm will post earnings of $0.52 per share for the year, up from their previous estimate of $0.46. Craig Hallum also issued estimates for Ultra Clean Holdings’ Q4 2016 earnings at $0.25 EPS, Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.20 EPS, Q4 2017 earnings at $0.18 EPS and FY2017 earnings at $0.76 EPS.
A number of other equities analysts have also weighed in on UCTT. Zacks Investment Research lowered Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Needham & Company LLC upped their target price on Ultra Clean Holdings from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday. Dougherty & Co upped their target price on Ultra Clean Holdings from $8.50 to $9.50 and gave the stock a “buy” rating in a research report on Tuesday, October 25th. Finally, Standpoint Research lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $10.88.
Shares of Ultra Clean Holdings (NASDAQ:UCTT) traded down 0.93% during midday trading on Wednesday, reaching $11.74. The company’s stock had a trading volume of 251,652 shares. The firm has a 50-day moving average of $10.04 and a 200-day moving average of $7.76. The stock’s market cap is $384.58 million. Ultra Clean Holdings has a one year low of $4.50 and a one year high of $11.89.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.05. Ultra Clean Holdings had a positive return on equity of 3.10% and a negative net margin of 3.19%. The business earned $146.15 million during the quarter, compared to the consensus estimate of $134.89 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 19.0% on a year-over-year basis.
A number of large investors have recently made changes to their positions in UCTT. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Ultra Clean Holdings by 4.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,500 shares of the company’s stock valued at $100,000 after buying an additional 600 shares during the period. BlackRock Inc. increased its stake in shares of Ultra Clean Holdings by 810.9% in the second quarter. BlackRock Inc. now owns 17,900 shares of the company’s stock valued at $102,000 after buying an additional 15,935 shares during the period. Citadel Advisors LLC bought a new stake in shares of Ultra Clean Holdings during the second quarter valued at about $103,000. A.R.T. Advisors LLC bought a new stake in shares of Ultra Clean Holdings during the second quarter valued at about $131,000. Finally, Algert Global LLC bought a new stake in shares of Ultra Clean Holdings during the third quarter valued at about $139,000. Institutional investors and hedge funds own 66.11% 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 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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