Ultra Clean - UCTT Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UCTT shares.
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2 analysts have issued 12 month target prices for Ultra Clean's shares. Their UCTT share price forecasts range from $42.00 to $65.00. On average, they predict the company's stock price to reach $47.75 in the next year. This suggests a possible upside of 63.4% from the stock's current price.
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Ultra Clean's stock was trading at $57.36 at the start of the year. Since then, UCTT shares have decreased by 49.0% and is now trading at $29.23.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our UCTT earnings forecast.

Ultra Clean will be holding an earnings conference call on Wednesday, October 26th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "9906379".

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) issued its earnings results on Thursday, July, 28th. The semiconductor company reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.03. The semiconductor company earned $608.70 million during the quarter, compared to analysts' expectations of $590.84 million. Ultra Clean had a trailing twelve-month return on equity of 20.19% and a net margin of 3.42%. The company's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS.

Ultra Clean issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided EPS guidance of $0.94-$1.18 for the period, compared to the consensus earnings per share estimate of $1.23. The company issued revenue guidance of $585.00 million-$645.00 million, compared to the consensus revenue estimate of $628.38 million.

35 employees have rated Ultra Clean Chief Executive Officer Jim Scholhamer on Glassdoor.com. Jim Scholhamer has an approval rating of 56% among the company's employees. This puts Jim Scholhamer in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ultra Clean investors own include Micron Technology (MU), NVIDIA (NVDA), Advanced Micro Devices (AMD), Intelsat (I), Bank of America (BAC), Block (SQ), AMC Entertainment (AMC), Hello Group (MOMO), Cypress Semiconductor (CY) and Fossil Group (FOSL).

Ultra Clean trades on the NASDAQ under the ticker symbol "UCTT."

Shares of UCTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of UCTT stock can currently be purchased for approximately $29.23.

Ultra Clean (NASDAQ:UCTT) has a market capitalization of $1.33 billion and generates $2.10 billion in revenue each year. The semiconductor company earns $119.50 million in net income (profit) each year or $1.75 on an earnings per share basis.

The company employs 7,066 workers across the globe.

Ultra Clean's mailing address is 26462 CORPORATE AVENUE, HAYWARD CA, 94545. The official website for the company is www.uct.com. The semiconductor company can be reached via phone at (510) 576-4400, via email at investors@uct.com, or via fax at 510-576-4401.