Ultra Clean Holdings, Inc. (UCTT) is a supplier of gas panels to semiconductor manufacturing OEMs. September quarter top and bottom-line results met consensus estimates. The company is expanding its product line to include frame assemblies, top plate assemblies and process modules.
The Seiger acquisition is progressing seamlessly and the company is transitioning several product lines to Shanghai. This has the effect of diversifying the revenue base as well as growing margins.
Despite the progress, Semiconductor weakness will provide a head-wind for any non-semi gains. For investors that have a time frame of more than two quarters, we would recommend investing in shares of UCTT.
Read the full analyst report on UCTT
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