Ultra Clean (NASDAQ:UCTT) issued an update on its fourth quarter 2020
Pre-Market earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.70. The company issued revenue guidance of $360 million, compared to the consensus revenue estimate of $363.11 million.Ultra Clean also updated its Q1 2021
Pre-Market guidance to EPS.

Several research firms have weighed in on UCTT. DA Davidson increased their price target on shares of Ultra Clean from $35.00 to $42.00 in a research report on Friday, December 18th. Craig Hallum increased their price target on shares of Ultra Clean from $42.00 to $47.00 and gave the stock a buy rating in a research report on Tuesday. ValuEngine downgraded shares of Ultra Clean from a sell rating to a strong sell rating in a research report on Wednesday, December 30th. Stifel Nicolaus upgraded shares of Ultra Clean from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Sunday, September 20th. Finally, BidaskClub downgraded shares of Ultra Clean from a strong-buy rating to a buy rating in a research report on Wednesday, December 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $34.00.

Shares of UCTT stock opened at $37.83 on Thursday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 75.66, a PEG ratio of 1.41 and a beta of 1.57. Ultra Clean has a one year low of $11.79 and a one year high of $39.37. The company’s fifty day moving average price is $33.43 and its 200-day moving average price is $26.53. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.49 and a quick ratio of 1.64.

Ultra Clean (NASDAQ:UCTT) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.15. The firm had revenue of $363.28 million for the quarter, compared to the consensus estimate of $340.30 million. Ultra Clean had a net margin of 1.74% and a return on equity of 14.79%. Equities research analysts expect that Ultra Clean will post 2.14 earnings per share for the current fiscal year.

In other Ultra Clean news, insider William Joe Williams sold 3,531 shares of Ultra Clean stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $22.81, for a total value of $80,542.11. Following the sale, the insider now directly owns 58,901 shares in the company, valued at approximately $1,343,531.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Clarence L. Granger sold 15,000 shares of Ultra Clean stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $32.00, for a total transaction of $480,000.00. Following the completion of the sale, the director now owns 141,368 shares in the company, valued at $4,523,776. The disclosure for this sale can be found here. Insiders have sold a total of 35,526 shares of company stock worth $1,180,492 over the last 90 days. Insiders own 2.20% of the company’s stock.

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 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, a support structures fabricated from steel tubing or folded sheet metal; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.

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