Revenue Update on Ultra Clean Holdings Inc(NASDAQ:UCTT)

Ultra Clean Holdings Inc(NASDAQ:UCTT) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $174.545M. Analysts estimated a revenue of $173.070M. The revenues were 0.85% above the estimates. Earnings per share were $0.36. The reported EPS was above estimates by 33.33%. Analysts had estimated an EPS of $0.27.

Ultra Clean Holdings Inc (UCTT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.62% or 0.2 points. Due to strong positive momentum, the stock ended at $12.58, which is also near the day’s high of $12.59. The stock began the session at $12.28 and the volume stood at 5,06,945 shares. The 52-week high of the shares is $13.0874 and the 52 week low is $4.75. The company has a current market capitalization of $414 M and it has 3,29,22,211 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Sheri Brumm (CFO, SVP Finance and Secretary) sold 2,811 shares at $6.87 per share price.Also, On Oct 30, 2015, Kevin C Eichler (CFO) purchased 5,000 shares at $4.75 per share price.On Jul 28, 2015, Bruce C Wier (SVP, Engineering) sold 381 shares at $7.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Ultra Clean Holdings Inc. is a developer manufacturer and supplier of subsystems for original equipment manufacturers (OEMs) in the semiconductor capital equipment industry. The Company serves various markets including consumer medical energy industrial flat panel and research industries. It offers engineering and manufacturing solutions for the development design component sourcing prototyping engineering manufacturing and testing of advanced systems design-to-delivery cycle times and component neutral design among others. Its products include precision robotic solutions gas delivery systems a range of industrial and automation production equipment products and subsystems that include chemical mechanical planarization modules chemical delivery modules top-plate assemblies frame assemblies and process modules. It also offers fluid systems used for various wet processing steps such as cleaning chemical mechanical polishing and electrochemical deposition.

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