Ultratech, Inc. (NASDAQ:UTEK) receives a repeat order from outsourced semiconductor assembly and test – OSAT


Dallas, Texas 07/19/2013 (Financialstrend) – Ultratech had announced second quarter results of fiscal 2013 on 18th July, 2013. According to the report, the net sales were at $42.9 million, as compared to $59.1 million during the second quarter of fiscal 2012. The net income was $0.9 million that is translated to $0.03 per diluted share. This has been decreased as compared to net income of $11.2 million that is at $0.41 per diluted share for the same quarter last year.

The firm had $299.7 million in cash, short term investments and cash equivalents at end of June, 2013. Working capital was reported at $373.6 million & stockholder’s equity was reported at $14.59 per share.

UTEK had announced that it has received a repeat order from most important outsourced semiconductor assembly and test – OSAT in Asia. The vice president of Ultratech had announced that Ultratech has consistently been maintaining a leading market position over the last decade by delivering terrific production performance with superior cost of ownership solutions and also they look forward to work closely with their customers in the OSAT segment that will support their high volume production ramps.

Ultratech, Inc. (NASDAQ:UTEK) develops, manufactures and markets photolithography, inspection equipment and laser thermal processing. It also manufactures semiconductor devices, including advanced packaging processes and several nanotechnology components such as thin film head magnetic recording devices, atomic layer deposition, high brightness light emitting diodes and laser diodes for customers situated throughout World.

Shares of Ultratech, Inc. (NASDAQ:UTEK) had moved on to loss 7.73% on Friday and thereby closed at $32.45 per share for the day. The company had recorded intraday price fluctuations moving from as low as $30.71 to as high as $34.95 on the day. The 52 week low for the stock is at $27.88 and 52 week high is at $43.00 per share.

The company holds 27.73 million shares and 96% of institutional ownership with a market cap of $899.76 million. On Friday, there had been a trading volume of 2.81 million shares of the company while the average is at 268,897 shares per day.

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