Ultra Clean (NASDAQ:UCTT – Get Free Report) issued its quarterly earnings results on Monday. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.02, Briefing.com reports. Ultra Clean had a negative net margin of 0.46% and a positive return on equity of 2.59%. The firm had revenue of $540.40 million for the quarter, compared to analyst estimates of $515.88 million. During the same period in the previous year, the business earned ($0.03) EPS. The company’s revenue was up 24.2% compared to the same quarter last year. Ultra Clean updated its Q4 guidance to $0.34-$0.54 EPS and its Q4 2024 guidance to 0.340-0.540 EPS.
Ultra Clean Stock Performance
Shares of NASDAQ UCTT opened at $35.88 on Thursday. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.60 billion, a P/E ratio of -43.76 and a beta of 2.08. Ultra Clean has a 12 month low of $23.41 and a 12 month high of $56.47. The stock has a 50 day moving average of $36.60 and a 200-day moving average of $42.03.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. TD Cowen reduced their price target on Ultra Clean from $60.00 to $57.00 and set a “buy” rating for the company in a research report on Tuesday. Craig Hallum increased their price objective on Ultra Clean from $52.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Needham & Company LLC lowered their target price on shares of Ultra Clean from $50.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Oppenheimer started coverage on shares of Ultra Clean in a research report on Wednesday, September 25th. They set an “outperform” rating and a $70.00 price target on the stock. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $57.75.
Ultra Clean Company Profile
Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.
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