Ultratech Inc. (NASDAQ:UTEK) rose 2.2% during mid-day trading on Tuesday . The stock traded as high as $25.30 and last traded at $25.30, with a volume of 155,263 shares changing hands. The stock had previously closed at $24.76.

UTEK has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Ultratech from a “buy” rating to a “hold” rating in a research note on Thursday, June 23rd. DA Davidson downgraded shares of Ultratech from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a research note on Thursday, April 21st. They noted that the move was a valuation call. Benchmark Co. raised their target price on shares of Ultratech from $25.00 to $27.50 and gave the company a “buy” rating in a research note on Friday, April 22nd. Finally, B. Riley reiterated a “neutral” rating and issued a $25.00 target price on shares of Ultratech in a research note on Monday, July 25th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Ultratech has a consensus rating of “Hold” and a consensus price target of $24.50.

The company’s market capitalization is $679.03 million. The stock has a 50 day moving average of $24.11 and a 200 day moving average of $21.88.

Ultratech (NASDAQ:UTEK) last announced its quarterly earnings data on Thursday, July 21st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $48.90 million for the quarter, compared to analyst estimates of $48.56 million. Analysts anticipate that Ultratech Inc. will post $0.91 EPS for the current fiscal year.

In other news, major shareholder Carlson Capital L. P sold 810,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $24.52, for a total transaction of $19,861,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Arthur W. Zafiropoulo sold 18,789 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $24.02, for a total transaction of $451,311.78. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Ultratech stock. Russell Frank Co boosted its position in Ultratech Inc. (NASDAQ:UTEK) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,536 shares of the company’s stock after buying an additional 27,556 shares during the period. Russell Frank Co owned approximately 0.59% of Ultratech worth $3,107,000 at the end of the most recent quarter.

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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