“Ultratech, Inc.” Director Sells $202,320 in Stock (UTEK)
“Ultratech, Inc.” (NASDAQ:UTEK) Director Rick Timmins sold 8,000 shares of the company’s stock on the open market in a transaction dated Monday, May 19th. The stock was sold at an average price of $25.29, for a total transaction of $202,320.00. Following the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $1,264,500. The sale was disclosed in a filing with the SEC, which is available at this link.
“Ultratech, Inc.” (NASDAQ:UTEK) traded up 2.31% during mid-day trading on Wednesday, hitting $25.24. The stock had a trading volume of 313,909 shares. “Ultratech, Inc.” has a 1-year low of $23.10 and a 1-year high of $38.92. The stock has a 50-day moving average of $25.74 and a 200-day moving average of $26.30. The company’s market cap is $707.9 million.
“Ultratech, Inc.” (NASDAQ:UTEK) last announced its earnings results on Thursday, April 24th. The company reported ($0.25) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.23) by $0.02. The company had revenue of $31.60 million for the quarter, compared to the consensus estimate of $33.05 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was down 47.9% on a year-over-year basis. On average, analysts predict that “Ultratech, Inc.” will post $0.25 earnings per share for the current fiscal year.
UTEK has been the subject of a number of recent research reports. Analysts at B. Riley initiated coverage on shares of “Ultratech, Inc.” in a research note on Wednesday, May 14th. They set a “neutral” rating and a $28.00 price target on the stock. Separately, analysts at Sidoti downgraded shares of “Ultratech, Inc.” from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 8th. Finally, analysts at Zacks upgraded shares of “Ultratech, Inc.” from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $29.60 price target on the stock. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $31.65.
Ultratech, Inc, develops, manufactures and markets photolithography, laser thermal processing, and inspection equipment.
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