Equities analysts forecast that Ultra Clean Holdings, Inc. (NASDAQ:UCTT) will post $507.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Ultra Clean’s earnings, with the highest sales estimate coming in at $510.22 million and the lowest estimate coming in at $505.00 million. Ultra Clean posted sales of $344.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 47.2%. The business is expected to announce its next quarterly earnings results on Wednesday, August 4th.
According to Zacks, analysts expect that Ultra Clean will report full year sales of $2.00 billion for the current fiscal year, with estimates ranging from $1.96 billion to $2.04 billion. For the next year, analysts expect that the company will report sales of $2.23 billion, with estimates ranging from $2.13 billion to $2.34 billion. Zacks Investment Research’s sales calculations 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 results on Tuesday, April 27th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.07. The company had revenue of $417.63 million during the quarter, compared to analyst estimates of $390.80 million. Ultra Clean had a net margin of 6.23% and a return on equity of 22.63%. Ultra Clean’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS.
Shares of NASDAQ:UCTT traded up $0.57 during trading on Tuesday, hitting $57.16. 6,906 shares of the stock traded hands, compared to its average volume of 648,921. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.70 and a current ratio of 2.42. The stock has a market capitalization of $2.50 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 1.89 and a beta of 2.01. The business’s fifty day simple moving average is $53.45. Ultra Clean has a 52-week low of $19.08 and a 52-week high of $65.33.
In other Ultra Clean news, CFO Sheri Savage sold 7,446 shares of the company’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $61.52, for a total value of $458,077.92. Following the transaction, the chief financial officer now owns 142,369 shares of the company’s stock, valued at $8,758,540.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jacqueline A. Seto sold 1,688 shares of the business’s stock in a transaction dated Thursday, June 3rd. The stock was sold at an average price of $55.62, for a total transaction of $93,886.56. Following the sale, the director now owns 9,568 shares in the company, valued at $532,172.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,490 shares of company stock worth $2,087,185. Corporate insiders own 2.20% of the company’s stock.
Large investors have recently modified their holdings of the business. Schroder Investment Management Group increased its stake in shares of Ultra Clean by 34.4% during the fourth quarter. Schroder Investment Management Group now owns 193,637 shares of the semiconductor company’s stock worth $6,032,000 after buying an additional 49,581 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Ultra Clean by 28.8% during the fourth quarter. Nuveen Asset Management LLC now owns 263,565 shares of the semiconductor company’s stock worth $8,210,000 after buying an additional 58,898 shares during the period. Swiss National Bank boosted its holdings in Ultra Clean by 2.4% in the first quarter. Swiss National Bank now owns 92,600 shares of the semiconductor company’s stock valued at $5,375,000 after purchasing an additional 2,200 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Ultra Clean by 2.0% in the first quarter. Alliancebernstein L.P. now owns 56,984 shares of the semiconductor company’s stock valued at $3,307,000 after purchasing an additional 1,130 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Ultra Clean by 10.7% in the fourth quarter. Wells Fargo & Company MN now owns 138,528 shares of the semiconductor company’s stock valued at $4,315,000 after purchasing an additional 13,390 shares in the last quarter. Institutional investors own 76.21% of the company’s stock.
About Ultra Clean
Ultra Clean Holdings, Inc designs, engineers, and manufactures production tools, modules, and subsystems for the semiconductor and display capital equipment markets 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; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.
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