Trading Report: The FY2016 Earnings Estimate for Ultra Clean Holdings Inc. Issued By Craig Hallum (UCTT)

The FY2016 Earnings Estimate for Ultra Clean Holdings Inc. Issued By Craig Hallum (UCTT)

Ultra Clean Holdings Inc. (NASDAQ:UCTT) – Stock analysts at Craig Hallum lifted their FY2016 EPS estimates for Ultra Clean Holdings in a report released on Thursday. Craig Hallum analyst C. Schwab now expects that the brokerage will post earnings per share of $0.46 for the year, up from their previous forecast of $0.32. Craig Hallum also issued estimates for Ultra Clean Holdings’ Q4 2016 earnings at $0.19 EPS, Q1 2017 earnings at $0.14 EPS, Q2 2017 earnings at $0.14 EPS, Q3 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.19 EPS and FY2017 earnings at $0.65 EPS.

Ultra Clean Holdings (NASDAQ:UCTT) last posted its earnings results on Wednesday, October 26th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.05. The firm had revenue of $146.15 million for the quarter, compared to the consensus estimate of $134.89 million. Ultra Clean Holdings had a negative net margin of 3.19% and a positive return on equity of 3.12%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share.

A number of other analysts have also commented on UCTT. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 target price on shares of Ultra Clean Holdings in a report on Friday, July 8th. Dougherty & Co lifted their price target on shares of Ultra Clean Holdings from $7.50 to $8.50 and gave the stock a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research raised shares of Ultra Clean Holdings from a “hold” rating to a “strong-buy” rating and set a $8.00 price target on the stock in a research report on Thursday, September 29th. Finally, Stifel Nicolaus cut shares of Ultra Clean Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 8th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $8.25.

Ultra Clean Holdings (NASDAQ:UCTT) opened at 8.34 on Monday. Ultra Clean Holdings has a 52-week low of $4.50 and a 52-week high of $8.67. The firm’s market capitalization is $273.20 million. The firm’s 50-day moving average is $7.37 and its 200 day moving average is $6.32.

A number of large investors have recently bought and sold shares of the stock. California Public Employees Retirement System boosted its stake in Ultra Clean Holdings by 14.6% in the third quarter. California Public Employees Retirement System now owns 149,700 shares of the company’s stock valued at $1,109,000 after buying an additional 19,100 shares in the last quarter. Smith Graham & Co. Investment Advisors LP boosted its stake in Ultra Clean Holdings by 3.0% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 1,128,691 shares of the company’s stock valued at $8,364,000 after buying an additional 32,800 shares in the last quarter. Algert Global LLC bought a new stake in Ultra Clean Holdings during the third quarter valued at approximately $139,000. A.R.T. Advisors LLC bought a new stake in Ultra Clean Holdings during the second quarter valued at approximately $131,000. Finally, Citadel Advisors LLC bought a new stake in Ultra Clean Holdings during the second quarter valued at approximately $103,000. 66.02% of the stock is currently owned by institutional investors and hedge funds.

Ultra Clean Holdings Company Profile

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