UPDATE - Canaccord Genuity Initiates Coverage on Ultratech (UTEK) with a Buy; Well Positioned
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Price: $35.00 -1.16%
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 15 | New: 13
Trade UTEK Now!
UPDATE - Canaccord Genuity initiates coverage on Ultratech (Nasdaq: UTEK) with a Buy rating. PT $38.
Analyst, Jonathan Dorsheimer, said, "Ultratech’s solutions enable next-generation semiconductor processes and reduce costs through better yields. Despite an overall maturing semiconductor capital equipment market, we believe this is a key area of investment at the beginning of a multi-year capital cycle. "
"Ultratech’s sales are still heavily dependent on the silicon semiconductor industry; however, a growing LED business should layer additional growth and thus EPS acceleration...Throughout the current upcycle, Ultratech has exhibited a strong degree of GM expansion, operating leverage, cash flows that mirror increases in income, steady or improving working capital and good free cash flow."
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Analyst, Jonathan Dorsheimer, said, "Ultratech’s solutions enable next-generation semiconductor processes and reduce costs through better yields. Despite an overall maturing semiconductor capital equipment market, we believe this is a key area of investment at the beginning of a multi-year capital cycle. "
"Ultratech’s sales are still heavily dependent on the silicon semiconductor industry; however, a growing LED business should layer additional growth and thus EPS acceleration...Throughout the current upcycle, Ultratech has exhibited a strong degree of GM expansion, operating leverage, cash flows that mirror increases in income, steady or improving working capital and good free cash flow."
To see more ratings on UTEK, Click Here
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