April 19, 2013 (Shareholders Foundation) - An investigation on behalf of investors of Ultratech, Inc. (NASDAQ:UTEK) shares over potential securities laws violations by Ultratech, Inc. and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ultratech, Inc. (NASDAQ:UTEK) concerning whether a series of statements by Ultratech, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Ultratech, Inc. (NASDAQ:UTEK) reported that its annual Total Revenue rose from $95.81 million in 2009 to $234.82 million in 2012 and that its respective Net Income increased from $2.13 million to $47.19 million.
Shares of Ultratech, Inc. (NASDAQ:UTEK) grew from $10.03 per share in March 2009 to as high as $42.23 per share in March 2013.

Then on April 18, 2013, Ultratech, Inc. announced its First Quarter 2013 Results. Ultratech, Inc. said that for the first quarter net sales were $60.6 million and its net income for the first quarter 2013 was $13.7 million.

Shares of Ultratech, Inc. (NASDAQ:UTEK) declined from over $38 per share in early April 2013 to as low as $29.04 per share on April 19, 2013.

The investigation points out that the Chairman and CEO of Ultratech, Inc. sold over $9.8 million of his personally-held shares and the CFO sold over $500,000 worth of his stock.

On April 19, 2013, NASDAQ:UTEK shares closed at $30.30 per share.