Ultra Clean Holdings, Inc. (NASDAQ:UCTT) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.62 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02), Briefing.com reports. Ultra Clean Holdings had a net margin of 6.25% and a return on equity of 24.16%. The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. During the same period in the prior year, the company earned $0.17 EPS. The company’s revenue was up 65.9% compared to the same quarter last year. Ultra Clean Holdings updated its Q4 guidance to $0.57-0.63 EPS.
Ultra Clean Holdings (NASDAQ:UCTT) traded down 1.95% during mid-day trading on Wednesday, reaching $32.69. 1,773,940 shares of the company were exchanged. Ultra Clean Holdings has a 12 month low of $7.75 and a 12 month high of $34.59. The company has a market cap of $1.09 billion, a P/E ratio of 23.65 and a beta of 1.30. The stock’s 50-day moving average is $29.41 and its 200-day moving average is $23.44.
In related news, SVP David Speirs sold 19,029 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $24.04, for a total value of $457,457.16. Following the transaction, the senior vice president now directly owns 100,879 shares of the company’s stock, valued at approximately $2,425,131.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David T. Ibnale sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $22.95, for a total value of $229,500.00. Following the completion of the transaction, the director now directly owns 76,000 shares in the company, valued at $1,744,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,119 shares of company stock valued at $1,203,079. 2.60% of the stock is owned by corporate insiders.
A number of research analysts have recently commented on UCTT shares. ValuEngine downgraded shares of Ultra Clean Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, July 18th. Craig Hallum increased their target price on shares of Ultra Clean Holdings from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Stifel Nicolaus increased their target price on shares of Ultra Clean Holdings from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Monday, July 10th. Finally, BidaskClub raised shares of Ultra Clean Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $30.33.
About Ultra Clean Holdings
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.