Dave Ghosh Sells 21,780 Shares of Ultratech, Inc. (UTEK) Stock
Ultratech, Inc. (NASDAQ:UTEK) insider Dave Ghosh sold 21,780 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $30.55, for a total value of $665,379.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Dave Ghosh also recently made the following trade(s):
- On Friday, May 5th, Dave Ghosh sold 8,208 shares of Ultratech stock. The shares were sold at an average price of $30.54, for a total value of $250,672.32.
Shares of Ultratech, Inc. (NASDAQ:UTEK) traded down 0.10% during mid-day trading on Friday, hitting $30.57. The company had a trading volume of 463,148 shares. Ultratech, Inc. has a 52-week low of $19.52 and a 52-week high of $30.94. The firm has a market capitalization of $832.60 million, a price-to-earnings ratio of 54.98 and a beta of 0.34. The firm has a 50-day moving average price of $29.85 and a 200 day moving average price of $26.42.
Ultratech (NASDAQ:UTEK) last issued its quarterly earnings results on Thursday, April 20th. The semiconductor company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.08. Ultratech had a net margin of 5.79% and a return on equity of 4.31%. The company had revenue of $57.41 million during the quarter, compared to analysts’ expectations of $50.97 million. During the same quarter last year, the company posted $0.10 EPS. Analysts expect that Ultratech, Inc. will post $1.32 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC boosted its position in shares of Ultratech by 7.3% in the first quarter. Mason Street Advisors LLC now owns 5,546 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 379 shares in the last quarter. Fortaleza Asset Management Inc. acquired a new position in shares of Ultratech during the fourth quarter valued at approximately $137,000. Municipal Employees Retirement System of Michigan boosted its position in shares of Ultratech by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,930 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 100 shares in the last quarter. Sei Investments Co. boosted its position in shares of Ultratech by 7.0% in the third quarter. Sei Investments Co. now owns 8,495 shares of the semiconductor company’s stock valued at $196,000 after buying an additional 554 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Ultratech during the fourth quarter valued at approximately $211,000. 92.68% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on UTEK. Zacks Investment Research upgraded Ultratech from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, April 27th. B. Riley reiterated a “neutral” rating and issued a $30.00 price target on shares of Ultratech in a report on Wednesday, April 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $28.00 price target on shares of Ultratech in a report on Sunday, April 23rd. Finally, Benchmark Co. lowered Ultratech from a “buy” rating to a “hold” rating and set a $28.64 price target for the company. in a report on Friday, February 3rd.
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 packaging processes and various nanotechnology components such as laser diodes, high-brightness light emitting diodes (HBLEDs) and micro-electro-mechanical systems (MEMS), as well as atomic layer deposition systems (ALD) for customers located throughout the world.
Receive News & Ratings for Ultratech Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultratech Inc. and related companies with MarketBeat.com's FREE daily email newsletter.