Analysts expect that Ultra Clean Holdings, Inc. (NASDAQ:UCTT) will announce earnings of $0.64 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Ultra Clean Holdings’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.66. Ultra Clean Holdings reported earnings per share of $0.17 during the same quarter last year, which suggests a positive year over year growth rate of 276.5%. The company is expected to issue its next earnings results after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Ultra Clean Holdings will report full year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.35. For the next fiscal year, analysts forecast that the company will report earnings of $2.36 per share, with EPS estimates ranging from $2.20 to $2.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Ultra Clean Holdings.
Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. Ultra Clean Holdings had a return on equity of 24.16% and a net margin of 6.25%. The business had revenue of $228.26 million for the quarter, compared to the consensus estimate of $213.92 million. During the same period last year, the business earned $0.10 earnings per share. The firm’s revenue for the quarter was up 75.8% compared to the same quarter last year.
A number of research analysts recently commented on UCTT shares. Needham & Company LLC upped their price target on shares of Ultra Clean Holdings from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Craig Hallum upped their price target on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, July 18th. Finally, ValuEngine upgraded shares of Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $27.83.
Ultra Clean Holdings (UCTT) traded up 2.30% during midday trading on Monday, reaching $32.50. The company had a trading volume of 639,713 shares. Ultra Clean Holdings has a one year low of $7.06 and a one year high of $32.61. The stock’s 50 day moving average price is $26.63 and its 200-day moving average price is $22.19. The firm has a market capitalization of $1.09 billion, a P/E ratio of 23.52 and a beta of 1.30.
In other Ultra Clean Holdings news, SVP Ronald D’ercole sold 1,457 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $30.47, for a total transaction of $44,394.79. Following the transaction, the senior vice president now owns 69,233 shares in the company, valued at approximately $2,109,529.51. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Sheri Brumm sold 20,512 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total transaction of $468,699.20. Following the transaction, the chief financial officer now owns 170,939 shares in the company, valued at approximately $3,905,956.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,119 shares of company stock worth $1,203,079. Company insiders own 2.60% of the company’s stock.
Large investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. acquired a new position in shares of Ultra Clean Holdings during the 2nd quarter worth approximately $2,993,000. Gotham Asset Management LLC acquired a new position in shares of Ultra Clean Holdings during the 1st quarter worth approximately $507,000. State Board of Administration of Florida Retirement System grew 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 worth $213,000 after purchasing an additional 69 shares in the last quarter. Teachers Advisors LLC grew its position in shares of Ultra Clean Holdings by 50.6% during the 1st quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 25,004 shares in the last quarter. Finally, Caxton Associates LP acquired a new position in shares of Ultra Clean Holdings during the 1st quarter worth approximately $309,000. Hedge funds and other institutional investors own 77.64% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Ultra Clean Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ultra Clean Holdings Inc. and related companies.