Analysts predict that Ultra Clean Holdings Inc (NASDAQ:UCTT) will report earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ultra Clean’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.16. Ultra Clean reported earnings of $0.55 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 69.1%. The firm is expected to announce its next earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Ultra Clean will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.82 to $0.95. For the next financial year, analysts forecast that the company will report earnings of $1.31 per share, with EPS estimates ranging from $1.00 to $1.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.08. The company had revenue of $260.00 million for the quarter, compared to analyst estimates of $240.71 million. Ultra Clean had a return on equity of 11.20% and a net margin of 1.20%. Ultra Clean’s revenue was down 17.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.67 earnings per share.

Several equities analysts have weighed in on the company. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Dougherty & Co reiterated a “buy” rating and issued a $18.50 price target (up previously from $17.00) on shares of Ultra Clean in a research report on Friday, May 3rd. Cowen set a $150.00 price target on Tesla and gave the stock a “sell” rating in a research note on Friday, May 3rd. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, BidaskClub raised Ultra Clean from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.13.

In other news, CFO Sheri Savage sold 8,670 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $14.15, for a total transaction of $122,680.50. Following the sale, the chief financial officer now directly owns 155,236 shares in the company, valued at approximately $2,196,589.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joan Sterling sold 38,384 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $13.49, for a total transaction of $517,800.16. Following the completion of the sale, the senior vice president now directly owns 45,518 shares in the company, valued at $614,037.82. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. raised its holdings in Ultra Clean by 7.1% in the second quarter. Crossmark Global Holdings Inc. now owns 47,330 shares of the semiconductor company’s stock valued at $659,000 after buying an additional 3,140 shares during the period. ARK Investment Management LLC raised its position in Ultra Clean by 14.6% in the first quarter. ARK Investment Management LLC now owns 45,165 shares of the semiconductor company’s stock worth $467,000 after acquiring an additional 5,765 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in Ultra Clean by 2.3% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,611,226 shares of the semiconductor company’s stock worth $16,676,000 after acquiring an additional 36,956 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Ultra Clean by 8.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 726,288 shares of the semiconductor company’s stock worth $7,517,000 after buying an additional 54,059 shares during the period. Finally, Factorial Partners LLC raised its holdings in Ultra Clean by 12.3% during the 1st quarter. Factorial Partners LLC now owns 73,100 shares of the semiconductor company’s stock worth $757,000 after buying an additional 8,000 shares during the period. Institutional investors own 91.12% of the company’s stock.

Shares of NASDAQ UCTT traded down $0.02 during midday trading on Wednesday, hitting $14.03. 7,218 shares of the company’s stock were exchanged, compared to its average volume of 301,422. The company has a market capitalization of $552.65 million, a price-to-earnings ratio of 8.45, a PEG ratio of 1.17 and a beta of 1.07. The business has a 50 day moving average of $13.28. The company has a quick ratio of 1.88, a current ratio of 3.03 and a debt-to-equity ratio of 0.78. Ultra Clean has a 12 month low of $6.94 and a 12 month high of $16.60.

About Ultra Clean

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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