Dimensional Fund Advisors LP Buys 195,177 Shares of Ultra Clean Holdings, Inc. (NASDAQ:UCTT)

Dimensional Fund Advisors LP boosted its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT – Get Rating) by 9.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,301,761 shares of the semiconductor company’s stock after acquiring an additional 195,177 shares during the period. Dimensional Fund Advisors LP owned 5.06% of Ultra Clean worth $76,303,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. First Eagle Investment Management LLC boosted its holdings in Ultra Clean by 20.9% in the fourth quarter. First Eagle Investment Management LLC now owns 160,600 shares of the semiconductor company’s stock valued at $5,324,000 after acquiring an additional 27,726 shares in the last quarter. UBS Group AG boosted its holdings in Ultra Clean by 2.2% in the fourth quarter. UBS Group AG now owns 187,919 shares of the semiconductor company’s stock valued at $6,230,000 after acquiring an additional 3,987 shares in the last quarter. Swiss National Bank boosted its holdings in Ultra Clean by 2.6% in the fourth quarter. Swiss National Bank now owns 109,700 shares of the semiconductor company’s stock valued at $3,637,000 after acquiring an additional 2,800 shares in the last quarter. Boston Partners lifted its position in Ultra Clean by 9.8% during the fourth quarter. Boston Partners now owns 907,505 shares of the semiconductor company’s stock valued at $30,593,000 after buying an additional 81,324 shares during the period. Finally, Arizona State Retirement System lifted its position in Ultra Clean by 4.6% during the fourth quarter. Arizona State Retirement System now owns 12,819 shares of the semiconductor company’s stock valued at $425,000 after buying an additional 563 shares during the period. Institutional investors own 79.20% of the company’s stock.

Insider Buying and Selling at Ultra Clean

In other news, CFO Sheri Savage sold 8,071 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $32.30, for a total transaction of $260,693.30. Following the completion of the sale, the chief financial officer now owns 77,028 shares of the company’s stock, valued at approximately $2,488,004.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

UCTT has been the subject of several recent research reports. Needham & Company LLC lowered their price objective on Ultra Clean from $39.00 to $35.00 in a research report on Thursday, April 27th. TheStreet lowered Ultra Clean from a “b-” rating to a “c+” rating in a research report on Tuesday, May 9th. Finally, StockNews.com initiated coverage on Ultra Clean in a research report on Thursday, May 18th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Ultra Clean currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

Ultra Clean Price Performance

UCTT opened at $30.49 on Thursday. The stock has a 50-day moving average price of $29.85 and a 200-day moving average price of $32.46. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.13 and a quick ratio of 1.75. The firm has a market cap of $1.36 billion, a PE ratio of 169.39 and a beta of 1.98. Ultra Clean Holdings, Inc. has a 1 year low of $23.32 and a 1 year high of $39.10.

Ultra Clean (NASDAQ:UCTT – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter. The firm had revenue of $566.40 million during the quarter, compared to analyst estimates of $565.00 million. Ultra Clean had a return on equity of 14.48% and a net margin of 0.40%.

Ultra Clean Profile

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Ultra Clean Holdings, Inc engages in the development and supplying of critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry. It operates through the Products and Services segments. The Products segment is involved in the design and manufacture of production tools, components, parts, and modules, and subsystems for the semiconductor and display capital equipment industry.