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Ultra Clean Holdings, Inc. (UCTT) designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries in the United States and internationally.
The company provides subsystems, such as wafer cleaning modules; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; frame assemblies, a support structures fabricated from steel tubing or folded sheet metal; process modules, a subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and top-plate assemblies.
It also offers various industrial and automation production equipment products; gas delivery systems, which include one or more gas lines, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; fluid delivery systems consists of one or more chemical delivery units, including PFA tubing, filters, flow controllers, regulators, component heaters, and an integrated electronic and/or pneumatic control system; precision robotic systems that are used when accurate controlled motion is required; and other high level assemblies.
In addition, the company provides tool chamber parts cleaning and coating services; micro-contamination analysis services for tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination; and analytical verification services for process tool chamber part cleaning.
It primarily serves original equipment manufacturing customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries.
On July 29th, Ultra Clean Holdings, Inc. reported 2nd Quarter June 2020 earnings of $0.75 per share on revenue of $344.8 million. The consensus earnings estimate was $0.45 per share on revenue of $309.0 million. Revenue grew 29.9% on a year-over-year basis.
The company said it expects third quarter earnings of $0.56 to $0.72 per share on revenue of $320.0 million to $360.0 million. The current consensus earnings estimate is $0.39 per share on revenue of $294.9 million for the quarter ending September 30, 2020.
Shares have formed a bullish "flag" following the earnings report. Higher share prices are expected for this stock.
Entry point: $28.00
52-week trade range: $11.20 - $31.10
Stop/Loss: $26.60
Target Price: $31.80
UCTT closed at $29.70.
