Needham & Company Maintains a 'Hold' on Ultra Clean (UCTT); Like AIT Acquisition, But Macro Headwinds Still Linger
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Price: $40.82 --0%
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 16 | New: 3
Rating Summary:
7 Buy, 2 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 16 | New: 3
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Needham & Company maintains a 'Hold' on Ultra Clean (NASDAQ: UCTT).
Analyst, Y. Edwin Mok, said, "Long term, we like the AIT acquisition for several reasons: 1) increased scale and cost leverage; 2) immediate earnings accretion; 3) complementary customer base; 4) added new capabilities; and 5) furthering of efforts in non-semi markets. However, we believe softer near-term demand in the semicap sector will offset the earnings accretion from the acquisition, and as a result our 2012 earnings estimate remains unchanged despite higher total revenues."
FY13 EPS estimate raised from $0.82 to $0.93.
For an analyst ratings summary and ratings history on Ultra Clean click here. For more ratings news on Ultra Clean click here.
Shares of Ultra Clean closed at $6.55 yesterday.
Analyst, Y. Edwin Mok, said, "Long term, we like the AIT acquisition for several reasons: 1) increased scale and cost leverage; 2) immediate earnings accretion; 3) complementary customer base; 4) added new capabilities; and 5) furthering of efforts in non-semi markets. However, we believe softer near-term demand in the semicap sector will offset the earnings accretion from the acquisition, and as a result our 2012 earnings estimate remains unchanged despite higher total revenues."
FY13 EPS estimate raised from $0.82 to $0.93.
For an analyst ratings summary and ratings history on Ultra Clean click here. For more ratings news on Ultra Clean click here.
Shares of Ultra Clean closed at $6.55 yesterday.
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