Ultratech (NASDAQ:UTEK) Receiving Somewhat Positive Press Coverage, Report Finds
News articles about Ultratech (NASDAQ:UTEK) have trended somewhat positive on Thursday, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ultratech earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.6078487733305 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have recently issued reports on UTEK shares. B. Riley restated a “neutral” rating and set a $30.00 price target on shares of Ultratech in a research note on Friday, April 21st. Stifel Nicolaus restated a “hold” rating and set a $28.00 price target on shares of Ultratech in a research note on Sunday, April 23rd. Finally, Zacks Investment Research upgraded shares of Ultratech from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Thursday, April 27th.
Ultratech (NASDAQ:UTEK) opened at 30.23 on Thursday. The company has a 50-day moving average of $30.09 and a 200 day moving average of $27.10. Ultratech has a 12-month low of $20.56 and a 12-month high of $30.94.
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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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