Ultra Clean (NASDAQ:UCTT) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.01), Briefing.com reports. The firm had revenue of $248.89 million for the quarter, compared to the consensus estimate of $248.73 million. Ultra Clean had a return on equity of 28.77% and a net margin of 7.55%. The firm’s quarterly revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Ultra Clean updated its Q1 guidance to $0.56-0.63 EPS.
Ultra Clean (NASDAQ UCTT) traded down $0.40 on Wednesday, hitting $19.96. The stock had a trading volume of 1,701,757 shares, compared to its average volume of 1,650,000. The firm has a market cap of $767.15, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.50 and a beta of 0.82. Ultra Clean has a 12 month low of $12.07 and a 12 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 related news, Director David T. Ibnale sold 12,500 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $21.58, for a total value of $269,750.00. Following the sale, the director now directly owns 63,500 shares of the company’s stock, valued at $1,370,330. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clarence L. Granger sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $24.56, for a total value of $491,200.00. Following the completion of the sale, the director now directly owns 229,208 shares in the company, valued at $5,629,348.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,660 shares of company stock worth $1,760,549. 2.60% of the stock is currently owned by insiders.
UCTT has been the topic of several recent research reports. Zacks Investment Research cut Ultra Clean from a “buy” rating to a “hold” rating in a research report on Saturday, November 11th. 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 research report on Monday, December 4th. Cowen reiterated a “buy” rating on shares of Ultra Clean in a research report on Thursday, February 15th. BidaskClub cut Ultra Clean from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 10th. Finally, Needham & Company LLC lowered their price objective on Ultra Clean from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.00.
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Ultra Clean Company Profile
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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