Analysts expect that Ultra Clean Holdings Inc (NASDAQ:UCTT) will report sales of $240.71 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Ultra Clean’s earnings. The lowest sales estimate is $240.02 million and the highest is $241.90 million. Ultra Clean posted sales of $314.84 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.5%. The company is expected to announce its next quarterly earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that Ultra Clean will report full-year sales of $1.00 billion for the current fiscal year, with estimates ranging from $974.03 million to $1.03 billion. For the next year, analysts forecast that the company will report sales of $1.07 billion, with estimates ranging from $1.02 billion to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Ultra Clean.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings data on Thursday, February 21st. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02). The firm had revenue of $257.39 million during the quarter, compared to analysts’ expectations of $248.30 million. Ultra Clean had a net margin of 3.34% and a return on equity of 15.42%.

Several equities research analysts recently issued reports on the company. ValuEngine downgraded Ultra Clean from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Craig Hallum upgraded Ultra Clean from a “hold” rating to a “buy” rating in a report on Monday, March 11th. They noted that the move was a valuation call. BidaskClub downgraded Ultra Clean from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $15.00 target price (up from $13.00) on shares of Ultra Clean in a research note on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.60.

Shares of UCTT stock traded up $0.68 on Thursday, hitting $12.14. The stock had a trading volume of 455,900 shares, compared to its average volume of 582,358. The company has a current ratio of 3.32, a quick ratio of 1.99 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $448.20 million, a PE ratio of 7.31, a P/E/G ratio of 0.97 and a beta of 1.17. Ultra Clean has a 1 year low of $6.94 and a 1 year high of $19.59.

In related news, CFO Sheri Savage sold 30,000 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $10.17, for a total transaction of $305,100.00. Following the completion of the transaction, the chief financial officer now directly owns 135,491 shares of the company’s stock, valued at approximately $1,377,943.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Ultra Clean by 2.3% during the 3rd quarter. BlackRock Inc. now owns 5,699,153 shares of the semiconductor company’s stock worth $71,524,000 after acquiring an additional 129,142 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Ultra Clean by 2.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 1,540,000 shares of the semiconductor company’s stock worth $13,044,000 after acquiring an additional 40,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ultra Clean by 3.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 507,953 shares of the semiconductor company’s stock worth $6,374,000 after acquiring an additional 17,818 shares in the last quarter. Palouse Capital Management Inc. boosted its position in shares of Ultra Clean by 67.6% during the 4th quarter. Palouse Capital Management Inc. now owns 17,107 shares of the semiconductor company’s stock worth $145,000 after acquiring an additional 6,898 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Ultra Clean by 432.1% during the 3rd quarter. Deutsche Bank AG now owns 1,017,075 shares of the semiconductor company’s stock worth $12,761,000 after acquiring an additional 825,921 shares in the last quarter. 92.05% of the stock is owned by hedge funds and other institutional investors.

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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