Ultra Clean Stock Price, News & Analysis (NASDAQ:UCTT)

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UCTT shares.
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4 Wall Street research analysts have issued 1 year price targets for Ultra Clean's shares. Their UCTT share price targets range from $40.00 to $60.00. On average, they predict the company's share price to reach $48.33 in the next twelve months. This suggests a possible upside of 69.3% from the stock's current price.
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Ultra Clean's stock was trading at $33.15 at the beginning of the year. Since then, UCTT stock has decreased by 13.9% and is now trading at $28.55.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Ultra Clean Holdings, Inc. (NASDAQ:UCTT) posted its quarterly earnings results on Wednesday, October, 25th. The semiconductor company reported ($0.03) EPS for the quarter. The semiconductor company earned $435 million during the quarter, compared to analysts' expectations of $449.96 million. Ultra Clean had a trailing twelve-month return on equity of 5.31% and a net margin of 0.03%.

ETFs with the largest weight of Ultra Clean (NASDAQ:UCTT) stock in their portfolio include Invesco Semiconductors ETF (PSI) and ProShares Nanotechnology ETF (TINY).Invesco S&P SmallCap Information Technology ETF (PSCT).

Ultra Clean updated its fourth quarter earnings guidance on Wednesday, October, 25th. The company provided earnings per share (EPS) guidance of $0.02-$0.22 for the period, compared to the consensus EPS estimate of $0.17. The company issued revenue guidance of $420-$470 million, compared to the consensus revenue estimate of $433.67 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Shapiro Capital Management LLC (4.39%), Paradigm Capital Management Inc. NY (3.08%), Invesco Ltd. (2.68%), Congress Asset Management Co. MA (1.84%), Boston Partners (1.31%) and Charles Schwab Investment Management Inc. (1.22%). Insiders that own company stock include Bill Bentinck, Clarence L Granger, David T Ibnale, Emily M Liggett, Jacqueline A Seto, James P Scholhamer, Jamie J Palfrey, Jeffrey L Mckibben, Paul Yoonku Cho, Sheri Savage, Vijayan S Chinnasami and William Joe Williams.
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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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