Dimensional Fund Advisors LP lessened its position in shares of Ultra Clean Holdings Inc (NASDAQ:UCTT) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,092,097 shares of the semiconductor company’s stock after selling 72,415 shares during the period. Dimensional Fund Advisors LP owned 0.08% of Ultra Clean worth $26,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Ultra Clean by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 507,953 shares of the semiconductor company’s stock worth $6,374,000 after purchasing an additional 17,818 shares during the period. Legal & General Group Plc lifted its holdings in shares of Ultra Clean by 8.4% during the third quarter. Legal & General Group Plc now owns 83,293 shares of the semiconductor company’s stock worth $1,043,000 after purchasing an additional 6,484 shares during the period. Bank of Montreal Can lifted its holdings in Ultra Clean by 170.5% in the fourth quarter. Bank of Montreal Can now owns 4,184 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 2,637 shares during the period. Arizona State Retirement System lifted its holdings in Ultra Clean by 6.5% in the fourth quarter. Arizona State Retirement System now owns 60,081 shares of the semiconductor company’s stock valued at $509,000 after acquiring an additional 3,671 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in Ultra Clean in the fourth quarter valued at $374,000. Institutional investors own 91.25% of the company’s stock.

In other news, CFO Sheri Savage sold 8,670 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $14.15, for a total value of $122,680.50. Following the completion of the transaction, the chief financial officer now owns 155,236 shares in the company, valued at $2,196,589.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joan Sterling sold 38,384 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $13.49, for a total value of $517,800.16. Following the completion of the transaction, the senior vice president now owns 45,518 shares of the company’s stock, valued at approximately $614,037.82. The disclosure for this sale can be found here. In the last three months, insiders sold 77,054 shares of company stock valued at $945,581. 1.90% of the stock is owned by corporate insiders.

UCTT has been the subject of a number of recent analyst reports. ValuEngine raised Ultra Clean from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. BidaskClub raised Ultra Clean from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Craig Hallum downgraded Ultra Clean from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $15.00 target price (up previously from $13.00) on shares of Ultra Clean in a report on Friday, February 22nd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Ultra Clean currently has an average rating of “Buy” and a consensus target price of $19.70.

Ultra Clean stock opened at $12.75 on Monday. Ultra Clean Holdings Inc has a one year low of $6.94 and a one year high of $19.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.03 and a quick ratio of 1.88. The firm has a market capitalization of $503.09 million, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.21.

Ultra Clean (NASDAQ:UCTT) last released its earnings results on Thursday, May 2nd. The semiconductor company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Ultra Clean had a return on equity of 11.20% and a net margin of 1.20%. The company had revenue of $260.00 million during the quarter, compared to the consensus estimate of $240.71 million. During the same quarter last year, the company earned $0.67 earnings per share. Ultra Clean’s quarterly revenue was down 17.4% compared to the same quarter last year. On average, analysts predict that Ultra Clean Holdings Inc will post 0.86 earnings per share for the current year.

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Ultra Clean Profile

Ultra Clean Holdings, Inc designs, develops, prototypes, engineers, manufactures, and tests production tools, modules, and subsystems for the semiconductor and display capital equipment industries primarily in North America, Asia, and Europe. It offers precision robotic systems that are used when accurate controlled motion is required; gas delivery systems, which include one or more gas lines consisting of small diameter internally polished stainless steel tubing products, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system; and various industrial and automation production equipment products.

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Institutional Ownership by Quarter for Ultra Clean (NASDAQ:UCTT)

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