Ultra Clean (UCTT) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" UCTT shares.
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3 brokerages have issued 12 month price objectives for Ultra Clean's shares. Their UCTT share price forecasts range from $32.00 to $38.00. On average, they anticipate the company's stock price to reach $35.40 in the next year. This suggests a possible upside of 3.2% 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 increased by 3.5% and is now trading at $34.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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Ultra Clean Holdings, Inc. (NASDAQ:UCTT) announced its quarterly earnings data on Tuesday, October, 26th. The semiconductor company reported $1.07 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.06. The semiconductor company had revenue of $553.60 million for the quarter, compared to analysts' expectations of $541.53 million. Ultra Clean had a net margin of 0.40% and a trailing twelve-month return on equity of 14.48%. The company's revenue for the quarter was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.

ETFs with the largest weight of Ultra Clean (NASDAQ:UCTT) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Invesco Dynamic Semiconductors ETF (PSI), Invesco S&P SmallCap Information Technology ETF (PSCT), JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE), SPDR S&P Kensho New Economies Composite ETF (KOMP), Invesco S&P SmallCap 600 Revenue ETF (RWJ) and Dimensional US Small Cap Value ETF (DFSV).Avantis U.S. Small Cap Value ETF (AVUV).

Ultra Clean issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided EPS guidance of $0.15-$0.35 for the period, compared to the consensus EPS estimate of $0.34. The company issued revenue guidance of $410.00 million-$460.00 million, compared to the consensus revenue estimate of $443.59 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."

Ultra Clean's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.24%), Dimensional Fund Advisors LP (5.82%), Shapiro Capital Management LLC (4.32%), State Street Corp (3.79%), Paradigm Capital Management Inc. NY (3.09%) and Frontier Capital Management Co. LLC (2.40%). Insiders that own company stock include Chris Siu, Clarence L Granger, David T Ibnale, Emily M Liggett, Jacqueline A Seto, James P Scholhamer, Jamie J Palfrey, Joan Sterling, 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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One share of UCTT stock can currently be purchased for approximately $34.31.

Ultra Clean (NASDAQ:UCTT) has a market capitalization of $1.53 billion and generates $2.37 billion in revenue each year. The semiconductor company earns $40.40 million in net income (profit) each year or $0.18 on an earnings per share basis.

The company employs 7,765 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.