Analysts Anticipate Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Will Post Quarterly Sales of $507.61 Million

Wall Street brokerages expect Ultra Clean Holdings, Inc. (NASDAQ:UCTT) to post $507.61 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Ultra Clean’s earnings, with the lowest sales estimate coming in at $505.00 million and the highest estimate coming in at $510.22 million. Ultra Clean reported sales of $344.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 47.2%. The business is scheduled to issue its next earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that Ultra Clean will report full year sales of $2.00 billion for the current year, with estimates ranging from $1.96 billion to $2.04 billion. For the next year, analysts forecast that the company will report sales of $2.23 billion, with estimates ranging from $2.13 billion to $2.34 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Tuesday, April 27th. The semiconductor company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The firm had revenue of $417.63 million during the quarter, compared to analysts’ expectations of $390.80 million. Ultra Clean had a return on equity of 22.63% and a net margin of 6.23%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 EPS.

UCTT has been the topic of a number of research analyst reports. Cowen raised their price target on Ultra Clean from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 14th. DA Davidson raised their price target on Ultra Clean from $62.00 to $70.00 in a research note on Tuesday, April 20th. Craig Hallum raised their price target on Ultra Clean from $47.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 18th. Needham & Company LLC lifted their price objective on Ultra Clean from $55.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 12th. Finally, Stifel Nicolaus lifted their price objective on Ultra Clean from $65.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, April 29th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Ultra Clean has a consensus rating of “Buy” and a consensus price target of $60.67.

In other Ultra Clean news, insider William Joe Williams sold 7,022 shares of Ultra Clean stock in a transaction that occurred on Thursday, June 3rd. The stock was sold at an average price of $55.88, for a total transaction of $392,389.36. Following the sale, the insider now directly owns 48,751 shares in the company, valued at approximately $2,724,205.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sheri Savage sold 7,446 shares of Ultra Clean stock in a transaction that occurred on Thursday, April 1st. The stock was sold at an average price of $61.52, for a total value of $458,077.92. Following the sale, the chief financial officer now owns 142,369 shares in the company, valued at $8,758,540.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,490 shares of company stock worth $2,087,185. Company insiders own 2.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of UCTT. Swedbank purchased a new stake in Ultra Clean during the 4th quarter worth approximately $103,983,000. BlackRock Inc. increased its holdings in shares of Ultra Clean by 12.1% in the 1st quarter. BlackRock Inc. now owns 7,757,974 shares of the semiconductor company’s stock valued at $450,273,000 after acquiring an additional 840,392 shares during the last quarter. Factorial Partners LLC increased its holdings in shares of Ultra Clean by 4,167.6% in the 1st quarter. Factorial Partners LLC now owns 580,400 shares of the semiconductor company’s stock valued at $10,000,000 after acquiring an additional 566,800 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Ultra Clean by 167.2% in the 1st quarter. Nuveen Asset Management LLC now owns 704,130 shares of the semiconductor company’s stock valued at $40,867,000 after acquiring an additional 440,565 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Ultra Clean by 643.7% in the 1st quarter. Victory Capital Management Inc. now owns 215,046 shares of the semiconductor company’s stock valued at $12,481,000 after acquiring an additional 186,132 shares during the last quarter. Institutional investors own 76.21% of the company’s stock.

NASDAQ:UCTT traded up $0.57 during mid-day trading on Tuesday, reaching $57.16. The company’s stock had a trading volume of 6,906 shares, compared to its average volume of 648,921. The stock’s fifty day moving average price is $53.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.70 and a current ratio of 2.42. Ultra Clean has a twelve month low of $19.08 and a twelve month high of $65.33. The company has a market cap of $2.50 billion, a PE ratio of 25.04, a P/E/G ratio of 1.89 and a beta of 2.01.

About Ultra Clean

Ultra Clean Holdings, Inc designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets in the United States and internationally. The company provides subsystems, such as wafer cleaning modules; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; frame assemblies; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.

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