Revenue Update on Ultratech(NASDAQ:UTEK)

Ultratech(NASDAQ:UTEK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $48.92M. Analysts estimated a revenue of $0.22. Earnings per share were $0.23. Analysts had estimated an EPS of $0.22.

Ultratech (UTEK) made into the market gainers list on Wednesdays trading session with the shares advancing 0.49% or 0.12 points. Due to strong positive momentum, the stock ended at $24.4, which is also near the day’s high of $24.715. The stock began the session at $24.45 and the volume stood at 1,99,347 shares. The 52-week high of the shares is $24.74 and the 52 week low is $13.97. The company has a current market capitalization of $652 M and it has 2,67,09,639 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 3, 2015, Capital L P Carlson (10% owner) purchased 87,935 shares at $15.66 per share price.Also, On May 19, 2015, Bruce R Wright (Sr. VP-Fin, CFO & Secretary) sold 20,000 shares at $20.59 per share price.

Ultratech Inc. (Ultratech) develops manufactures and markets photolithography laser thermal processing and inspection equipment. The Company supplies step-and-repeat photolithography systems based on one-to-one (1X) imaging technology. It offers two different series of 1X lithography systems for use in the semiconductor fabrication process: the 1000 series which addresses the markets for high brightness light emitting diodes (HBLEDs) semiconductor fabrication and nanotechnology applications and the AP series which serves the advanced packaging market. 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) HBLEDs laser diodes and atomic layer deposition systems (ALD) for customers located throughout North America Europe Singapore Japan Taiwan Korea and the rest of Asia.

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