Ultra Clean (NASDAQ:UCTT – Get Free Report) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.22-0.42 for the period, compared to the consensus EPS estimate of $0.39. The company issued revenue guidance of $490-540 million, compared to the consensus revenue estimate of $500.48 million. Ultra Clean also updated its Q3 2024 guidance to 0.220-0.420 EPS.
Ultra Clean Trading Up 1.5 %
Shares of UCTT stock traded up $0.68 on Friday, reaching $45.81. 862,052 shares of the stock were exchanged, compared to its average volume of 317,410. The stock has a market cap of $2.05 billion, a PE ratio of -56.12 and a beta of 2.13. Ultra Clean has a one year low of $22.15 and a one year high of $56.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.76 and a quick ratio of 1.58. The stock has a 50 day moving average price of $48.55 and a 200 day moving average price of $44.23.
Ultra Clean (NASDAQ:UCTT – Get Free Report) last released its earnings results on Monday, May 6th. The semiconductor company reported $0.20 earnings per share for the quarter. The company had revenue of $477.70 million during the quarter, compared to the consensus estimate of $455.00 million. Ultra Clean had a positive return on equity of 2.19% and a negative net margin of 2.09%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Ultra Clean
Insider Buying and Selling at Ultra Clean
In other Ultra Clean news, CEO James P. Scholhamer sold 26,608 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total value of $1,466,100.80. Following the sale, the chief executive officer now owns 418,453 shares in the company, valued at $23,056,760.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO James P. Scholhamer sold 26,608 shares of the company’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total value of $1,466,100.80. Following the transaction, the chief executive officer now owns 418,453 shares of the company’s stock, valued at $23,056,760.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clarence L. Granger sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $43.50, for a total value of $217,500.00. Following the completion of the transaction, the director now directly owns 92,134 shares in the company, valued at approximately $4,007,829. The disclosure for this sale can be found here. Insiders have sold 110,314 shares of company stock worth $5,370,214 over the last 90 days. Company insiders own 2.20% of the company’s stock.
About Ultra Clean
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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