Ultra Clean (UCTT) Stock Price, News & Analysis

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ultra Clean in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" UCTT shares.
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3 Wall Street research analysts have issued 1 year price objectives for Ultra Clean's stock. Their UCTT share price targets range from $47.00 to $60.00. On average, they predict the company's share price to reach $52.33 in the next year. This suggests a possible upside of 23.0% from the stock's current price.
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Ultra Clean's stock was trading at $34.14 at the beginning of 2024. Since then, UCTT stock has increased by 24.6% and is now trading at $42.54.
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Ultra Clean saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 798,900 shares, a decline of 18.3% from the March 15th total of 977,300 shares. Based on an average daily trading volume, of 342,600 shares, the short-interest ratio is presently 2.3 days. Currently, 1.8% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our UCTT earnings forecast.

Ultra Clean will be holding an earnings conference call on Monday, May 6th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 646-517-4150 with passcode "78395 #".

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) posted its quarterly earnings data on Wednesday, February, 21st. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter. The semiconductor company earned $444.80 million during the quarter, compared to analysts' expectations of $444.99 million. Ultra Clean had a positive trailing twelve-month return on equity of 1.69% and a negative net margin of 1.79%.

ETFs with the largest weight of Ultra Clean (NASDAQ:UCTT) stock in their portfolio include ProShares Nanotechnology ETF (TINY), Invesco Semiconductors ETF (PSI) and Invesco S&P SmallCap Information Technology ETF (PSCT).JPMorgan Diversified Return U.S. Small Cap Equity ETF (JPSE).

Ultra Clean issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 0.030-0.230 for the period, compared to the consensus earnings per share estimate of 0.190. The company issued revenue guidance of $430.0 million-$480.0 million, compared to the consensus revenue estimate of $443.6 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).

Shares of UCTT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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