Zacks Investment Research downgraded shares of ULTRATECH STEP (UTEK) from OUTPERFORM to NEUTRAL on July 10, 2012, with a target price of $35.00.
Ultratech Stepper, Inc. develops, manufactures and markets photolithography equipment designed to reduce the cost of ownership for manufacturers of integrated circuits, including advanced packaging processes, photomasks, thin film magnetic recording devices and micromachined components. The Company supplies step-and-repeat systems based on one-to-one and reduction optical technology to customers located throughout North America, Europe, Japan and the rest of Asia.
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