Ultra Clean Holdings Inc (NASDAQ:UCTT) – Dougherty & Co issued their Q1 2018 earnings estimates for Ultra Clean in a research note issued on Thursday. Dougherty & Co analyst R. Ryan anticipates that the semiconductor company will post earnings per share of $0.60 for the quarter.
Several other equities research analysts also recently commented on UCTT. Zacks Investment Research downgraded Ultra Clean from a “buy” rating to a “hold” rating in a report on Saturday, November 11th. Stifel Nicolaus raised Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Monday, December 4th. Cowen reissued a “buy” rating on shares of Ultra Clean in a report on Thursday, February 15th. Finally, BidaskClub downgraded Ultra Clean from a “sell” rating to a “strong sell” rating in a report on Saturday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $31.33.
Ultra Clean (NASDAQ:UCTT) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.01). The firm had revenue of $248.89 million during the quarter, compared to analysts’ expectations of $248.73 million. Ultra Clean had a return on equity of 29.62% and a net margin of 8.12%. Ultra Clean’s revenue for the quarter was up 42.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.36 earnings per share.
In other Ultra Clean news, SVP Ronald D’ercole sold 3,009 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $21.41, for a total value of $64,422.69. Following the sale, the senior vice president now directly owns 58,909 shares of the company’s stock, valued at $1,261,241.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clarence L. Granger sold 20,000 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $24.56, for a total value of $491,200.00. Following the completion of the sale, the director now directly owns 229,208 shares in the company, valued at $5,629,348.48. The disclosure for this sale can be found here. Insiders sold 65,458 shares of company stock worth $1,635,493 over the last three months. Corporate insiders own 2.60% of the company’s stock.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Ultra Clean by 32.3% during the second quarter. Vanguard Group Inc. now owns 1,636,857 shares of the semiconductor company’s stock valued at $30,691,000 after purchasing an additional 399,627 shares in the last quarter. Columbia Partners L L C Investment Management bought a new position in shares of Ultra Clean during the third quarter valued at $698,000. Sanctuary Wealth Advisors LLC bought a new position in shares of Ultra Clean during the third quarter valued at $3,843,000. Alps Advisors Inc. bought a new position in shares of Ultra Clean during the third quarter valued at $600,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Ultra Clean by 525.9% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,897 shares of the semiconductor company’s stock valued at $854,000 after purchasing an additional 23,440 shares in the last quarter. 64.77% of the stock is currently owned by hedge funds and other institutional investors.
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About Ultra Clean
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.
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