Wall Street brokerages expect that Ultra Clean Holdings Inc (NASDAQ:UCTT) will post $244.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Ultra Clean’s earnings, with the lowest sales estimate coming in at $243.22 million and the highest estimate coming in at $245.00 million. Ultra Clean posted sales of $174.55 million in the same quarter last year, which would indicate a positive year over year growth rate of 39.9%. The business is scheduled to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Ultra Clean will report full year sales of $244.11 million for the current year, with estimates ranging from $918.68 million to $920.50 million. For the next year, analysts expect that the firm will post sales of $987.50 million per share, with estimates ranging from $985.00 million to $990.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.02). The company had revenue of $242.60 million for the quarter, compared to analyst estimates of $239.11 million. Ultra Clean had a return on equity of 29.77% and a net margin of 8.13%. The company’s revenue for the quarter was up 65.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday. Dougherty & Co upped their price objective on Ultra Clean from $32.00 to $35.00 and gave the company a “buy” rating in a report on Tuesday, October 24th. Needham & Company LLC decreased their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Cowen upped their price objective on Ultra Clean from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. Finally, Stifel Nicolaus upgraded Ultra Clean from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Monday, December 4th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Ultra Clean currently has a consensus rating of “Buy” and an average target price of $31.17.

Ultra Clean (UCTT) opened at $22.48 on Thursday. The firm has a market capitalization of $753.25, a P/E ratio of 10.76, a PEG ratio of 0.64 and a beta of 1.02. Ultra Clean has a twelve month low of $9.42 and a twelve month high of $34.59. The company has a current ratio of 2.06, a quick ratio of 1.09 and a debt-to-equity ratio of 0.15.

In other Ultra Clean news, SVP Ronald D’ercole sold 1,457 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $30.47, for a total value of $44,394.79. Following the sale, the senior vice president now owns 69,233 shares of the company’s stock, valued at $2,109,529.51. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Deborah E. Hayward sold 13,872 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $32.48, for a total value of $450,562.56. Following the completion of the sale, the insider now directly owns 61,702 shares in the company, valued at approximately $2,004,080.96. The disclosure for this sale can be found here. Insiders sold 38,233 shares of company stock worth $1,017,160 over the last quarter. 2.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in UCTT. SG Americas Securities LLC purchased a new stake in Ultra Clean in the third quarter valued at approximately $120,000. Legal & General Group Plc raised its position in Ultra Clean by 4.2% in the second quarter. Legal & General Group Plc now owns 7,824 shares of the semiconductor company’s stock valued at $146,000 after purchasing an additional 314 shares during the period. Pacad Investment Ltd. purchased a new stake in Ultra Clean in the second quarter valued at approximately $173,000. Greenwood Capital Associates LLC purchased a new stake in Ultra Clean in the third quarter valued at approximately $226,000. Finally, Principal Financial Group Inc. purchased a new stake in Ultra Clean in the second quarter valued at approximately $228,000. 75.48% of the stock is currently owned by 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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Earnings History and Estimates for Ultra Clean (NASDAQ:UCTT)

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