Ultratech Inc. (NASDAQ:UTEK) will announce its Q316 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.29 per share and revenue of $27.37 million for the quarter.
Shares of Ultratech Inc. (NASDAQ:UTEK) opened at 22.90 on Wednesday. The company’s market cap is $612.92 million. Ultratech Inc. has a 12-month low of $13.97 and a 12-month high of $26.40. The stock’s 50 day moving average price is $23.66 and its 200-day moving average price is $23.08.
A number of research analysts have recently commented on UTEK shares. Zacks Investment Research lowered shares of Ultratech from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd. B. Riley reaffirmed a “neutral” rating and set a $25.00 price objective 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 presently has a consensus rating of “Hold” and an average price target of $24.50.
In other Ultratech news, SVP Tammy Denice Landon sold 10,186 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $25.08, for a total transaction of $255,464.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Dave Ghosh sold 1,900 shares of the company’s stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $24.98, for a total transaction of $47,462.00. The disclosure for this sale can be found here. 5.92% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Ultratech by 250.4% in the second quarter. BlackRock Inc. now owns 6,016 shares of the company’s stock valued at $138,000 after buying an additional 4,299 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Ultratech by 21.4% in the second quarter. Sei Investments Co. now owns 7,941 shares of the company’s stock valued at $182,000 after buying an additional 1,401 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Ultratech by 6.2% in the second quarter. Thrivent Financial for Lutherans now owns 12,930 shares of the company’s stock valued at $297,000 after buying an additional 760 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Ultratech by 2.2% in the second quarter. Arizona State Retirement System now owns 13,871 shares of the company’s stock valued at $319,000 after buying an additional 300 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Ultratech during the second quarter valued at $428,000. 94.91% of the stock is currently owned by hedge funds and other institutional investors.
Ultratech Company Profile
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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