Ultratech upgraded at BofA/Merrill As previously reported, BofA/Merrill upgraded Ultratech to Buy from Neutral. The firm upgraded shares based on valuation, improving earnings and FinFET opportunity in 2015. Price target is $31.
Ultratech awarded follow-on order from manufacturer in Asia Ultratech announced that a major memory manufacturer from Asia placed a follow-on order for Ultratech's Superfast high-volume inspection system. Following the success of the Superfast 3G+ system in R&D, this customer ordered Ultratech's 4G inspection system to facilitate the yield ramp of its latest memory technology. Ultratech has shipped the Superfast 4G system in the Q1.