New York State Teachers Retirement System reduced its position in Ultratech Inc. (NASDAQ:UTEK) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,437 shares of the company’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Ultratech were worth $1,733,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its position in shares of Ultratech by 117.1% in the second quarter. BNP Paribas Arbitrage SA now owns 8,122 shares of the company’s stock worth $187,000 after buying an additional 4,381 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Ultratech by 3,860.4% in the first quarter. Royal Bank of Canada now owns 19,485 shares of the company’s stock valued at $426,000 after buying an additional 18,993 shares during the period. Nisa Investment Advisors L.L.C. boosted its stake in shares of Ultratech by 29.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 19,582 shares of the company’s stock valued at $428,000 after buying an additional 4,500 shares during the period. BlackRock Group LTD boosted its stake in shares of Ultratech by 15.3% in the first quarter. BlackRock Group LTD now owns 41,314 shares of the company’s stock valued at $901,000 after buying an additional 5,483 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of Ultratech by 4.0% in the first quarter. Prudential Financial Inc. now owns 62,830 shares of the company’s stock valued at $1,372,000 after buying an additional 2,400 shares during the period. 94.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Ultratech Inc. (NASDAQ:UTEK) traded down 0.61% during midday trading on Monday, hitting $22.90. 86,851 shares of the stock were exchanged. Ultratech Inc. has a 1-year low of $13.97 and a 1-year high of $26.40. The firm’s 50 day moving average is $23.68 and its 200-day moving average is $23.08. The stock’s market capitalization is $612.92 million.
Ultratech (NASDAQ:UTEK) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business earned $48.90 million during the quarter, compared to analysts’ expectations of $48.56 million. Ultratech had a negative net margin of 8.70% and a negative return on equity of 2.80%. On average, analysts predict that Ultratech Inc. will post $0.89 EPS for the current year.
Several equities research analysts have commented on UTEK shares. Zacks Investment Research cut shares of Ultratech from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. B. Riley reissued a “neutral” rating and set a $25.00 price target on shares of Ultratech in a research report on Monday, July 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Ultratech has an average rating of “Hold” and an average target price of $24.50.
In other Ultratech news, SVP Tammy Denice Landon sold 10,186 shares of the firm’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $25.08, for a total value of $255,464.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Carlson Capital L. P sold 79,312 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $25.33, for a total transaction of $2,008,972.96. The disclosure for this sale can be found here. 5.92% of the stock is currently owned by company insiders.
Ultratech, Inc (Ultratech) develops, manufactures and markets photolithography, laser thermal processing and inspection equipment. The Company operates through the manufacture and distribution of capital equipment to manufacturers of integrated circuits and nanotechnology components segment. The Company serves manufacturers of semiconductor devices, including advanced packaging processes and various nanotechnology components, such as thin film head magnetic recording devices (thin film heads or TFHs), laser diodes, high-brightness light emitting diodes (HBLEDs), as well as atomic layer deposition systems (ALD).
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