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A statement released earlier today by Zacks Investment Research about Ultratech, Inc. (NASDAQ:UTEK) raises the target price to $32.00

In a report announced on 02/09/2017 Zacks Investment Research bumped up the target of Ultratech, Inc. (NASDAQ:UTEK) to $32.00 reporting a potential upside of 0.14%.

On Friday February 03, 2017, Benchmark Co. released a statement on Ultratech, Inc. (NASDAQ:UTEK) bumped up the target price from $0.00 to $28.64 that suggested an upside of 0.01%.

Boasting a price of $28.18, Ultratech, Inc. (NASDAQ:UTEK) traded 1.18% higher on the day. With the last close up 18.41% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range. Ultratech, Inc. has recorded a 50-day average of $25.67 and a two hundred day average of $23.99. Volume of trade was up over the average, with 1,128,047 shares of UTEK changing hands over the typical 241,285

Performance Chart

Ultratech, Inc. (NASDAQ:UTEK)

With a total market value of $0, Ultratech, Inc. has price-earnings ratio of 69.29 with a one year low of $18.31 and a one year high of $28.66 .

A total of 5 analysts have released a research note on UTEK. Two analysts rating the company a strong buy, 1 broker rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $22.40.

Brief Synopsis On Ultratech, Inc. (NASDAQ:UTEK)

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). The Company supplies step-and-repeat photolithography systems based on one-to-one (1X) imaging technology to customers located throughout North America, Europe and Asia. It offers over two different series of 1X lithography systems for use in the semiconductor fabrication process. The Company offers a family of laser-based thermal annealing tools built on its Unity Platform.

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