While a very strong year for the stock has propelled Ultratech (UTEK)
above $1 billion in market cap, this is still far from a household name
in semiconductor equipment. That could still work in investors' favor,
as Ultratech addresses several appealing markets with above-average
growth potential. Although valuation does look a little stretched,
waiting for this stock to get meaningfully cheaper could be in vain as
it offers a clean balance sheet, solid growth prospects, and leverage to
improving capital spending in the chip space.
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