Dimensional Fund Advisors LP Reduces Stake in Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. (NASDAQ:UCTT) saw a reduction in its stake by Dimensional Fund Advisors LP during the first quarter. According to the Securities and Exchange Commission filing, Dimensional Fund Advisors LP sold 513,079 shares of Ultra Clean stock. The company now owns 1,011,778 shares after this sale.
The fund owned about 2.26% of Ultra Clean's outstanding shares at the end of the first quarter, with a value of approximately $62,892,000. This reduction in stake is part of a larger trend as institutional investors adjust their holdings in the company. Other notable changes include KBC Group NV acquiring a new stake worth about $75,000 and Swiss National Bank growing its position by 0.4% during the same period.
Ultra Clean's stock price opened at $83.31 on Friday, with a market capitalization of around $3.73 billion. The company has a P/E ratio of -19.42 and a beta of 1.83. Analysts have given Ultra Clean a Buy rating with an average target price of $113.40.