Posted by admin on Apr 21st, 2022
Wall Street analysts expect that Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) will report $1.01 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Ultra Clean’s earnings. The highest EPS estimate is $1.02 and the lowest is $1.00. Ultra Clean reported earnings of $0.92 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9.8%. The business is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Ultra Clean will report full-year earnings of $4.89 per share for the current year, with EPS estimates ranging from $4.68 to $5.10. For the next fiscal year, analysts anticipate that the company will post earnings of $5.80 per share, with EPS estimates ranging from $5.70 to $5.90. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Ultra Clean.
Ultra Clean (NASDAQ:UCTT – Get Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The semiconductor company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.03. Ultra Clean had a net margin of 5.68% and a return on equity of 22.20%. The business had revenue of $615.14 million for the quarter, compared to analyst estimates of $605.72 million. During the same quarter in the previous year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter was up 66.4% on a year-over-year basis.
Several analysts have issued reports on UCTT shares. StockNews.com started coverage on shares of Ultra Clean in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Ultra Clean from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Tuesday, March 1st. Finally, Needham & Company LLC dropped their price target on shares of Ultra Clean from $66.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $61.75.
NASDAQ UCTT traded up $0.07 on Wednesday, hitting $35.43. 336,433 shares of the stock were exchanged, compared to its average volume of 467,274. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.42 and a quick ratio of 1.62. The business’s fifty day moving average is $42.00 and its 200 day moving average is $48.77. Ultra Clean has a 52 week low of $32.58 and a 52 week high of $60.84. The company has a market capitalization of $1.59 billion, a PE ratio of 13.17, a P/E/G ratio of 0.93 and a beta of 1.99.
In related news, Director Clarence L. Granger sold 3,000 shares of the company’s stock in a transaction dated Wednesday, January 26th. The shares were sold at an average price of $50.83, for a total value of $152,490.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David T. Ibnale sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $45.68, for a total transaction of $1,142,000.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new stake in Ultra Clean during the third quarter worth about $2,485,000. Sigma Planning Corp acquired a new stake in Ultra Clean during the fourth quarter worth about $770,000. New York State Teachers Retirement System grew its stake in Ultra Clean by 2.4% during the fourth quarter. New York State Teachers Retirement System now owns 46,542 shares of the semiconductor company’s stock worth $2,670,000 after buying an additional 1,100 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in Ultra Clean during the fourth quarter worth about $213,000. Finally, Yousif Capital Management LLC acquired a new stake in Ultra Clean during the fourth quarter worth about $2,433,000. Institutional investors and hedge funds own 77.10% of the company’s stock.
About Ultra Clean (Get Rating)
Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.
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