Group 1 - The focus is on Canadian stocks, particularly in the technology and growth sectors, emphasizing the importance of disruptive companies that can transform their industries [1] - Mid-cap companies with strong management and high growth potential are highlighted as key targets for achieving alpha returns [1] - The strategy includes buying swing positions in quality companies when they revert to their long-term averages, combining technical setups with solid fundamentals to outperform the market [1] Group 2 - There is a beneficial long position in the shares of UCTT, indicating a positive outlook on this specific stock [2] - The article expresses personal opinions of the author, with no compensation received other than from Seeking Alpha, ensuring an independent perspective [2]

HAYWARD, Calif., Oct. 28, 2024 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), today reported its financial results for the third quarter ended September 27, 2024."UCT's third quarter results came in above expectations driven by broader equipment demand for AI infrastructure build out and sustained domestic China market spending," said Jim Scholhamer, CEO. "The rationale for significant long-term investment in WFE remains strong. UCT's vertical integration capabilities and strategic manufacturing ...

Shares of Ultra Clean Holdings Inc (UCTT, Financial) surged 5.17% in mid-day trading on Oct 2. The stock reached an intraday high of $39.88, before settling at $39.81, up from its previous close of $37.85. This places UCTT 29.51% below its 52-week high of $56.47 and 79.71% above its 52-week low of $22.15. Trading volume was 101,227 shares, 22.0% of the average daily volume of 459,205. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price for Ultra ...

HAYWARD, Calif., Sept. 30, 2024 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), will announce its third quarter, 2024 financial results after market close on Monday, October 28, 2024 and will host a conference call and webcast beginning at 1:45 pm Pacific Time (4:45 pm Eastern Time) the same day. The conference call can be accessed by dialing 1-800-836-8184 or 1-646-357-8785. No passcode is required. A replay of the call will be available by dialing 1-888-660-6345 or 1-646-517-4150 and entering t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.001 per share UCTT The Nasdaq Stock Market, LLC Form 10-Q __________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 or o TRANSITION REPORT PURS ...

Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Q2 2024 Results Earnings Conference Call July 25, 2024 4:45 PM ET Company Participants Rhonda Bennetto - Senior Vice President, Investor Relations Jim Scholhamer - Chief Executive Officer Sheri Savage - Chief Financial Officer Cheryl Knepfler - Managing Director of Marketing Conference Call Participants Krish Sankar - TD Cowen Charles Shi - Needham & Company Christian Schwab - Craig-Hallum Capital Group Operator Good afternoon, ladies and gentlemen, and welcome to th ...

The conference call can be accessed by dialing 1-800-836-8184 or 1-646-357-8785. No passcode is required. A replay of the call will be available by dialing 1-888-660-6345 or 1-646-517-4150 and entering the confirmation code 53952#. About Ultra Clean Holdings, Inc. Contact: SOURCE Ultra Clean Holdings, Inc. HAYWARD, Calif., June 27, 2024 /PRNewswire/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), will announce its second quarter, 2024 financial results after market close on Thursday, July 25, 2024 and will ho ...

Company Overview - Ultra Clean Holdings, Inc. is a leading developer and supplier of critical subsystems, components, parts, and ultra-high purity cleaning and analytical services, primarily for the semiconductor industry [1] - The company offers an integrated outsourced solution for major subassemblies, improved design-to-delivery cycle times, design for manufacturability, prototyping, and high-precision manufacturing under its Products division [1] - Under its Services Division, Ultra Clean provides tool chamber parts cleaning and coating, as well as micro-contamination analytical services [1] - The company is headquartered in Hayward, California [1] Upcoming Events - Ultra Clean Holdings will participate in the Craig-Hallum Institutional Investor Conference on May 29, 2024 [3] - The company will also attend the TD Cowen Annual Technology, Media & Telecom Conference on May 30, 2024 [3]

HAYWARD, Calif., May 15, 2024 /PRNewswire/ -- Ultra Clean Holdings Inc. (Nasdaq: UCTT) today announced that it has appointed Harjinder Bajwa as Chief Operating Officer, effective June 10, 2024. Mr. Bajwa will be based in Singapore. Mr. Bajwa brings 30 years of global operations expertise, including strategy development and execution, operations improvement and quality control, lean manufacturing and cost management. Most recently, Harjinder was the Chief Operating Officer for Reconext, a leading provider of ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2024 was $477.7 million, up from $444.8 million in the prior quarter [33] - Gross margin increased to 17.9% from 16.7% in the previous quarter, with product gross margin at 15.8% compared to 14.6% [13][33] - Earnings per share for the quarter were $0.27 on net income of $12.1 million, compared to $0.19 on net income of $8.5 million in the prior quarter [14] Business Line Data and Key Metrics Changes - Revenue from Products increased to $418.5 million from $389.7 million in the prior quarter, while Services revenue rose to $59.2 million from $55.1 million [33] - Operating margin for the quarter increased to 6.5% compared to 5.2% in Q4 [34] Market Data and Key Metrics Changes - Elevated demand from the domestic China market was noted, particularly in the semiconductor sector, driven by local chip manufacturing investments [5][26] - The company anticipates demand levels in China to remain consistent or slightly increase through the end of the year [27] Company Strategy and Development Direction - The company is focused on expanding and diversifying its vertical capabilities to participate in all levels of industry growth, from pad construction to production services [10] - UCT aims to leverage its strong relationships with technology leaders to advance their roadmaps and capitalize on the growing demand for localized chip manufacturing [9][29] Management's Comments on Operating Environment and Future Outlook - Management expects a broader-based recovery in the semiconductor market by 2025, with incremental rebalancing of supply and demand throughout the year [32] - The company is well-positioned to outperform in the next phase of industry growth, supported by strategic mapping of its global footprint [32] Other Important Information - The company received Intel's 2024 EPIC Distinguished Supplier Award for the second consecutive year, highlighting its performance among suppliers [11] - The company amended its Term B debt facility to extend it to February 2028 and increased the offering by $20 million while reducing the interest rate [15] Q&A Session Summary Question: How is the business trending with major customers like Intel and Samsung? - Management indicated that business with major customers is trending positively, with growth observed in the services segment due to fab relocations [21] Question: What is the exposure to Chinese OEMs? - Management clarified that while Chinese revenue is a small percentage of total revenue, it has doubled over the last few quarters, indicating healthy growth [49][55] Question: What are the expectations for WFE growth in 2025? - Management anticipates low-double digit growth in WFE for 2025, with the potential for stronger than expected results depending on market conditions [44] Question: When will memory customer utilization improve? - Management expects improvements in memory customer utilization to not show significant results until 2025, with services side being more difficult to predict [61]