Analysts expect Ultra Clean Holdings, Inc. (NASDAQ:UCTT) to post sales of $543.97 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Ultra Clean's earnings, with estimates ranging from $542.00 million to $545.93 million. Ultra Clean posted sales of $363.28 million in the same quarter last year, which suggests a positive year over year growth rate of 49.7%. The business is expected to issue its next earnings results on Wednesday, October 27th.
On average, analysts expect that Ultra Clean will report full-year sales of $2.03 billion for the current year, with estimates ranging from $2.02 billion to $2.03 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.21 billion, with estimates ranging from $2.20 billion to $2.23 billion. Zacks' sales averages are a mean average based on a survey of research analysts that that provide coverage for Ultra Clean.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Sunday, August 1st. The semiconductor company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Ultra Clean had a net margin of 5.34% and a return on equity of 21.88%. The firm had revenue of $515.20 million during the quarter, compared to analyst estimates of $505.44 million. During the same quarter in the prior year, the business posted $0.92 earnings per share. Ultra Clean's revenue for the quarter was up 23.4% compared to the same quarter last year.
UCTT has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Ultra Clean from a "buy" rating to a "hold" rating in a report on Friday, August 6th. Colliers Securities reissued a "buy" rating on shares of Ultra Clean in a research report on Tuesday, August 3rd. Finally, Needham & Company LLC initiated coverage on shares of Ultra Clean in a report on Tuesday, August 3rd. They issued a "buy" rating and a $66.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $64.50.
In other Ultra Clean news, insider William Joe Williams sold 4,949 shares of the firm's stock in a transaction dated Wednesday, July 7th. The stock was sold at an average price of $51.78, for a total transaction of $256,259.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David T. Ibnale sold 3,252 shares of Ultra Clean stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $45.54, for a total value of $148,096.08. Following the transaction, the director now directly owns 84,647 shares of the company's stock, valued at $3,854,824.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,446 shares of company stock valued at $471,764. 2.30% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of UCTT. Nisa Investment Advisors LLC bought a new stake in Ultra Clean in the second quarter valued at approximately $25,000. Panagora Asset Management Inc. raised its stake in Ultra Clean by 184.0% during the second quarter. Panagora Asset Management Inc. now owns 906 shares of the semiconductor company's stock valued at $49,000 after purchasing an additional 587 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Ultra Clean in the first quarter valued at approximately $60,000. Jacobi Capital Management LLC bought a new position in Ultra Clean in the second quarter worth approximately $88,000. Finally, Captrust Financial Advisors increased its position in shares of Ultra Clean by 1,677.7% during the first quarter. Captrust Financial Advisors now owns 1,831 shares of the semiconductor company's stock worth $106,000 after purchasing an additional 1,728 shares in the last quarter. Institutional investors and hedge funds own 80.19% of the company's stock.
UCTT stock opened at $46.23 on Wednesday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.61 and a beta of 1.97. The company has a current ratio of 2.81, a quick ratio of 1.96 and a debt-to-equity ratio of 0.73. Ultra Clean has a 52 week low of $19.34 and a 52 week high of $65.33. The firm's 50-day moving average is $47.25 and its two-hundred day moving average is $50.90.
About Ultra Clean
Ultra Clean Holdings, Inc designs, manufactures and sells its products and services primarily to customers in the semiconductor capital equipment industry. It operates through the following segments: Semiconductor Products & Solutions (SPS) and Semiconductor Services Business (SSB). The SPS segment provides warranty on its products for a period of up to two years and provides for warranty costs at the time of sale based on historical activity.
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