Ultra Clean Holdings, Inc. (NASDAQ:UCTT) – Dougherty & Co increased their FY2018 earnings per share estimates for Ultra Clean Holdings in a report released on Tuesday, according to Zacks Investment Research. Dougherty & Co analyst R. Ryan now forecasts that the semiconductor company will post earnings of $2.56 per share for the year, up from their prior forecast of $2.20. Dougherty & Co currently has a “Buy” rating and a $35.00 target price on the stock.
Ultra Clean Holdings (NASDAQ:UCTT) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). The firm had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean Holdings had a return on equity of 28.77% and a net margin of 7.55%. The business’s revenue for the quarter was up 65.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share.
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Several other brokerages have also issued reports on UCTT. Zacks Investment Research lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Saturday. BidaskClub lowered Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Needham & Company LLC lifted their price target on Ultra Clean Holdings from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Cowen and Company set a $26.00 price objective on Ultra Clean Holdings and gave the stock a “hold” rating in a research report on Friday, July 28th. Finally, ValuEngine upgraded Ultra Clean Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.67.
Ultra Clean Holdings (NASDAQ:UCTT) opened at $23.48 on Thursday. The firm has a market capitalization of $789.56, a price-to-earnings ratio of 11.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.11. The company has a quick ratio of 1.18, a current ratio of 2.06 and a debt-to-equity ratio of 0.15. Ultra Clean Holdings has a fifty-two week low of $8.81 and a fifty-two week high of $34.59.
In related news, SVP Ronald D’ercole sold 1,457 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $30.47, for a total transaction of $44,394.79. Following the transaction, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David T. Ibnale sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $22.95, for a total value of $229,500.00. Following the sale, the director now directly owns 76,000 shares of the company’s stock, valued at $1,744,200. The disclosure for this sale can be found here. Insiders sold a total of 49,560 shares of company stock worth $1,309,311 over the last three months. 2.60% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. bought a new position in Ultra Clean Holdings during the second quarter valued at $2,993,000. Gotham Asset Management LLC purchased a new stake in shares of Ultra Clean Holdings during the first quarter worth $507,000. State Board of Administration of Florida Retirement System lifted its position in shares of Ultra Clean Holdings by 0.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,618 shares of the semiconductor company’s stock worth $213,000 after acquiring an additional 69 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Ultra Clean Holdings by 50.6% during the first quarter. Teachers Advisors LLC now owns 74,407 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 25,004 shares in the last quarter. Finally, Chicago Equity Partners LLC purchased a new stake in shares of Ultra Clean Holdings in the second quarter worth $1,860,000. 76.33% of the stock is owned by institutional investors and hedge funds.
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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