Ultra Clean Holdings, Inc. (NASDAQ:UCTT) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.57-0.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55. The company issued revenue guidance of $240-250 million, compared to the consensus revenue estimate of $228.85 million.
Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT) traded down 1.95% on Wednesday, reaching $32.69. 1,773,940 shares of the company traded hands. Ultra Clean Holdings, Inc. has a 1-year low of $7.75 and a 1-year high of $34.59. The stock has a 50-day moving average price of $29.41 and a 200 day moving average price of $23.44. The firm has a market capitalization of $1.09 billion, a P/E ratio of 23.65 and a beta of 1.30.
Ultra Clean Holdings (NASDAQ:UCTT) last announced its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.02). The company had revenue of $242.60 million during the quarter, compared to the consensus estimate of $239.11 million. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The business’s revenue was up 65.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Analysts anticipate that Ultra Clean Holdings, Inc. will post $2.30 EPS for the current fiscal year.
A number of brokerages have issued reports on UCTT. Stifel Nicolaus lifted their price target on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the company a hold rating in a report on Monday, July 10th. Dougherty & Co lifted their price target on shares of Ultra Clean Holdings from $32.00 to $35.00 and gave the company a buy rating in a report on Tuesday. BidaskClub downgraded shares of Ultra Clean Holdings from a buy rating to a hold rating in a report on Wednesday, August 2nd. Cowen and Company set a $26.00 price target on shares of Ultra Clean Holdings and gave the company a hold rating in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Ultra Clean Holdings from a strong-buy rating to a hold rating in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Ultra Clean Holdings currently has an average rating of Buy and an average target price of $30.33.
In other Ultra Clean Holdings news, SVP Ronald D’ercole sold 1,457 shares of Ultra Clean Holdings stock in a transaction on Friday, September 29th. The shares were sold at an average price of $30.47, for a total value of $44,394.79. Following the completion of the transaction, the senior vice president now directly owns 69,233 shares of the company’s stock, valued at approximately $2,109,529.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sheri Brumm sold 20,512 shares of Ultra Clean Holdings stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $22.85, for a total transaction of $468,699.20. Following the completion of the transaction, the chief financial officer now directly owns 170,939 shares of the company’s stock, valued at $3,905,956.15. The disclosure for this sale can be found here. Insiders sold a total of 51,119 shares of company stock valued at $1,203,079 over the last three months. Corporate insiders own 2.60% of the company’s stock.
Ultra Clean Holdings Company Profile
Ultra Clean Holdings, Inc is engaged in the design, engineering and manufacture of production tools, modules and subsystems the semiconductor capital equipment industry. The Company’s products include precision robotic solutions; gas delivery systems; a range of industrial and automation production equipment products; subsystems that includes wafer cleaning sub-systems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules.