Ultra Clean (NASDAQ:UCTT) Releases Quarterly Earnings Results, Beats Estimates By $998.77 EPS

Ultra Clean (NASDAQ:UCTT) issued its quarterly earnings data on Monday. The semiconductor company reported $999.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $998.77, Zacks reports. Ultra Clean had a positive return on equity of 5.15% and a negative net margin of 7.66%.

Ultra Clean Stock Performance

Shares of UCTT stock traded up $2.26 on Monday, hitting $61.41. The company’s stock had a trading volume of 1,581,364 shares, compared to its average volume of 1,182,619. The stock’s 50 day moving average is $39.50 and its 200-day moving average is $30.73. The company has a market capitalization of $2.79 billion, a PE ratio of -17.20, a PEG ratio of 1.74 and a beta of 2.02. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.91 and a current ratio of 3.21. Ultra Clean has a fifty-two week low of $16.66 and a fifty-two week high of $61.64.

Insider Transactions at Ultra Clean

In related news, Director David T. Ibnale sold 23,500 shares of Ultra Clean stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $26.63, for a total transaction of $625,805.00. Following the sale, the director directly owned 45,241 shares in the company, valued at $1,204,767.83. This trade represents a 34.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC increased its stake in Ultra Clean by 40.3% in the 4th quarter. Quadrant Capital Group LLC now owns 989 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 284 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Ultra Clean by 472.9% in the second quarter. Smartleaf Asset Management LLC now owns 1,713 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 1,414 shares during the period. Advisory Services Network LLC bought a new stake in Ultra Clean during the third quarter worth about $45,000. State of Wyoming boosted its stake in Ultra Clean by 45.7% in the 4th quarter. State of Wyoming now owns 1,825 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 572 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Ultra Clean in the third quarter worth approximately $64,000. Institutional investors own 96.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on UCTT. TD Cowen upped their price target on shares of Ultra Clean from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ultra Clean in a report on Monday, December 29th. Needham & Company LLC boosted their price target on Ultra Clean from $35.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Ultra Clean in a research report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Ultra Clean has an average rating of “Moderate Buy” and an average target price of $38.33.

About Ultra Clean

Ultra Clean Holdings, Inc is a global supplier of critical consumables and process tools for the semiconductor manufacturing industry. The company specializes in precision parts cleaning, chemical–mechanical planarization (CMP) slurries, surface conditioning pads, and specialty components used in wafer fabrication and advanced packaging. Ultra Clean also provides assembly and test hardware, tooling, and automated modules designed to support complex front-end and back-end processes in semiconductor fabs.

Ultra Clean’s product portfolio encompasses a range of cleaning systems and consumables aimed at particle and film removal, as well as CMP slurries and pads that are engineered for uniform material removal and planarization.