Dimensional Fund Advisors LP increased its position in Ultratech, Inc. (NASDAQ:UTEK) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,741,202 shares of the semiconductor company’s stock after buying an additional 162,954 shares during the period. Dimensional Fund Advisors LP owned approximately 6.48% of Ultratech worth $41,754,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in Ultratech by 1.3% in the third quarter. Neuberger Berman Group LLC now owns 2,063,408 shares of the semiconductor company’s stock worth $47,623,000 after buying an additional 27,418 shares in the last quarter. Frontier Capital Management Co. LLC raised its stake in Ultratech by 1.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,944,755 shares of the semiconductor company’s stock worth $46,635,000 after buying an additional 29,395 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Ultratech by 4.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 806,812 shares of the semiconductor company’s stock valued at $18,621,000 after buying an additional 30,999 shares in the last quarter. State Street Corp raised its stake in shares of Ultratech by 3.3% in the fourth quarter. State Street Corp now owns 517,930 shares of the semiconductor company’s stock valued at $12,413,000 after buying an additional 16,412 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Ultratech by 8.9% in the third quarter. Bank of New York Mellon Corp now owns 373,618 shares of the semiconductor company’s stock valued at $8,623,000 after buying an additional 30,618 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.
Shares of Ultratech, Inc. (NASDAQ:UTEK) traded up 0.452% during midday trading on Friday, reaching $30.015. The company’s stock had a trading volume of 112,459 shares. The stock has a market capitalization of $808.90 million, a price-to-earnings ratio of 73.207 and a beta of 0.34. Ultratech, Inc. has a 52 week low of $19.52 and a 52 week high of $30.05. The company has a 50 day moving average of $29.34 and a 200-day moving average of $25.63.
Ultratech (NASDAQ:UTEK) last released its earnings results on Thursday, April 20th. The semiconductor company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.08. The business had revenue of $57.41 million for the quarter, compared to the consensus estimate of $50.97 million. Ultratech had a net margin of 5.79% and a return on equity of 4.31%. During the same period last year, the firm posted $0.10 earnings per share. Equities research analysts predict that Ultratech, Inc. will post $1.22 earnings per share for the current year.
UTEK has been the subject of a number of research analyst reports. B. Riley restated a “neutral” rating and issued a $28.50 target price on shares of Ultratech in a research note on Thursday, February 2nd. Benchmark Co. downgraded Ultratech from a “buy” rating to a “hold” rating and set a $28.64 price target on the stock. in a research report on Friday, February 3rd. Finally, Zacks Investment Research raised Ultratech from a “hold” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Thursday, February 9th.
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.
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