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Stock Market & Financial Investment News

News Breaks
February 19, 2014
08:33 EDTUCTTUltra Clean price target raised to $15 from $13 at Stifel
Stifel increased its price target on Ultra Clean after the company reported Q4 results that the firm views as strong. The firm expects the company's earnings growth to accelerate going forward, and it keeps a Buy rating on the shares.
News For UCTT From The Last 14 Days
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August 3, 2015
16:21 EDTUCTTUltra Clean acquires Miconex for $15M cash, 500,000 shares
Ultra Clean announced that it has signed and closed an agreement to acquire Miconex. Miconex is a provider of advanced precision fabrication of plastics, primarily for the semiconductor industry. Located in the Czech Republic, Miconex had revenue of approximately $40.5M in the twelve months ending June 30, net income of approximately $3.0M and EBITDA of approximately $3.7M. Under the agreement, which closed July 31, UCT acquired Miconex for $15.0M in cash and 500,000 shares of UCT common stock, with up to an additional $4.0M of potential cash "earn-out" payments payable over a two-year period based on Miconex's achievement of specified performance targets. The company financed the cash portion of the acquisition through its existing cash from Asia operations. The company expects the acquisition to be accretive immediately at approximately 1c-2c in non-GAAP EPS for Q3, excluding amortization charges for transaction costs.
July 23, 2015
10:00 EDTUCTTOn The Fly: Analyst Upgrade Summary
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09:11 EDTUCTTUltra Clean upgraded to Buy from Hold at Craig-Hallum
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July 22, 2015
19:02 EDTUCTTOn The Fly: After Hours Movers
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16:12 EDTUCTTUltra Clean sees Q3 EPS ex-items 9c-12c, consensus 5c
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16:11 EDTUCTTUltra Clean reports Q2 EPS 10c, consensus 5c
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