Ultra Clean Holdings, Inc. (NASDAQ:UCTT) – Analysts at Dougherty & Co lifted their FY2017 earnings per share (EPS) estimates for Ultra Clean Holdings in a research report issued to clients and investors on Monday. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will post earnings of $2.40 per share for the year, up from their previous forecast of $2.26. Dougherty & Co has a “Buy” rating and a $35.00 price objective on the stock.
Ultra Clean Holdings (NASDAQ:UCTT) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). The business had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $239.11 million. Ultra Clean Holdings had a return on equity of 30.08% and a net margin of 7.55%. The firm’s quarterly revenue was up 65.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 earnings per share.
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Several other equities analysts have also commented on UCTT. Zacks Investment Research lowered Ultra Clean Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Needham & Company LLC cut their price target on Ultra Clean Holdings from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, October 26th. BidaskClub lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Cowen and Company set a $26.00 price target on Ultra Clean Holdings and gave the company a “hold” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $30.67.
Shares of Ultra Clean Holdings (NASDAQ UCTT) opened at 25.52 on Wednesday. Ultra Clean Holdings has a 52-week low of $8.39 and a 52-week high of $34.59. The stock has a market capitalization of $853.18 million, a P/E ratio of 18.47 and a beta of 1.30. The stock has a 50 day moving average of $29.59 and a 200-day moving average of $23.71.
Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in Ultra Clean Holdings by 4.2% in the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Ultra Clean Holdings in the second quarter valued at about $173,000. State Board of Administration of Florida Retirement System grew its stake in Ultra Clean Holdings by 0.5% in the first 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 purchasing an additional 69 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Ultra Clean Holdings in the second quarter valued at about $228,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in Ultra Clean Holdings in the second quarter valued at about $236,000. Institutional investors own 76.23% of the company’s stock.
In other Ultra Clean Holdings news, Director David T. Ibnale sold 10,000 shares of Ultra Clean Holdings stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total value of $229,500.00. Following the transaction, the director now owns 76,000 shares in the company, valued at $1,744,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Deborah E. Hayward sold 13,872 shares of Ultra Clean Holdings stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the transaction, the insider now owns 61,702 shares in the company, valued at approximately $2,004,080.96. The disclosure for this sale can be found here. Insiders sold 44,358 shares of company stock worth $1,181,915 in the last quarter. 2.60% of the stock is owned by insiders.
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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