Ultra Clean Holdings, Inc. (NASDAQ:UCTT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Ultra Clean Holdings, Inc. (NASDAQ:UCTT) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,372,121 shares of the semiconductor company’s stock after selling 165,296 shares during the period. Dimensional Fund Advisors LP owned about 5.27% of Ultra Clean worth $116,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of Ultra Clean by 52.1% during the second quarter. GAMMA Investing LLC now owns 622 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 213 shares during the period. CWM LLC increased its stake in Ultra Clean by 46.3% during the 2nd quarter. CWM LLC now owns 800 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 253 shares during the period. Innealta Capital LLC acquired a new position in shares of Ultra Clean in the 2nd quarter worth approximately $41,000. nVerses Capital LLC acquired a new position in shares of Ultra Clean in the 2nd quarter worth approximately $64,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Ultra Clean during the 1st quarter worth about $96,000. 96.06% of the stock is owned by hedge funds and other institutional investors.

Ultra Clean Trading Down 0.2 %

NASDAQ UCTT opened at $34.43 on Tuesday. Ultra Clean Holdings, Inc. has a 12 month low of $22.15 and a 12 month high of $56.47. The company has a current ratio of 2.73, a quick ratio of 1.60 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $38.76 and its two-hundred day moving average price is $43.35. The firm has a market capitalization of $1.54 billion, a PE ratio of -41.99 and a beta of 2.09.

Ultra Clean (NASDAQ:UCTT) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor company reported $0.21 EPS for the quarter. Ultra Clean had a positive return on equity of 2.59% and a negative net margin of 0.46%. The firm had revenue of $516.10 million during the quarter, compared to analyst estimates of $490.06 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 22.4% on a year-over-year basis.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UCTT. TD Cowen lifted their price target on Ultra Clean from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, July 26th. Craig Hallum increased their price objective on Ultra Clean from $52.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $56.00 price target on shares of Ultra Clean in a report on Friday, July 26th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.67.

Insider Transactions at Ultra Clean

In related news, CEO James P. Scholhamer sold 26,608 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total value of $1,466,100.80. Following the transaction, the chief executive officer now directly owns 418,453 shares of the company’s stock, valued at approximately $23,056,760.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Ultra Clean news, CFO Sheri Savage sold 897 shares of the firm’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $55.87, for a total value of $50,115.39. Following the completion of the sale, the chief financial officer now owns 51,678 shares of the company’s stock, valued at $2,887,249.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO James P. Scholhamer sold 26,608 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $55.10, for a total value of $1,466,100.80. Following the transaction, the chief executive officer now directly owns 418,453 shares in the company, valued at approximately $23,056,760.30. The disclosure for this sale can be found here. Insiders have sold a total of 47,266 shares of company stock valued at $2,556,853 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Ultra Clean Company Profile

Ultra Clean Holdings, Inc develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system.