BidaskClub upgraded shares of Rudolph Technologies, Inc. (NYSE:RTEC) from a sell rating to a hold rating in a research note issued to investors on Wednesday, July 12th.
A number of other equities research analysts have also weighed in on RTEC. B. Riley reissued a buy rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Sunday, May 7th. Credit Suisse Group lowered Rudolph Technologies from a neutral rating to an underperform rating and set a $23.00 target price for the company. in a research note on Tuesday, May 2nd. Stifel Nicolaus boosted their target price on Rudolph Technologies from $19.00 to $24.00 and gave the company a hold rating in a research note on Tuesday, May 2nd. Dougherty & Co raised Rudolph Technologies from a neutral rating to a buy rating and set a $27.00 price target for the company in a research report on Wednesday, April 19th. Finally, Zacks Investment Research raised Rudolph Technologies from a hold rating to a buy rating and set a $27.00 price target for the company in a research report on Saturday, May 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $27.20.
Shares of Rudolph Technologies (NYSE:RTEC) traded up 2.09% during midday trading on Wednesday, hitting $21.95. The stock had a trading volume of 264,146 shares. The stock has a market cap of $692.30 million, a price-to-earnings ratio of 22.15 and a beta of 1.08. The firm’s 50-day moving average price is $23.87 and its 200-day moving average price is $23.26. Rudolph Technologies has a 1-year low of $16.80 and a 1-year high of $27.30.
Rudolph Technologies (NYSE:RTEC) last released its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The company had revenue of $67.40 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter in the previous year, the company posted $0.31 EPS. Rudolph Technologies’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that Rudolph Technologies will post $1.17 earnings per share for the current year.
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In other Rudolph Technologies news, Director John R. Whitten sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $24.33, for a total transaction of $243,300.00. Following the transaction, the director now owns 43,300 shares in the company, valued at approximately $1,053,489. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Silveira Elvino M. Da sold 3,439 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $24.71, for a total value of $84,977.69. Following the transaction, the vice president now owns 43,065 shares in the company, valued at approximately $1,064,136.15. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of RTEC. State of Alaska Department of Revenue increased its position in Rudolph Technologies by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock worth $141,000 after buying an additional 2,760 shares during the period. Mason Street Advisors LLC increased its position in Rudolph Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock worth $164,000 after buying an additional 527 shares during the period. Acadian Asset Management LLC increased its position in Rudolph Technologies by 533.0% in the second quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock worth $177,000 after buying an additional 6,524 shares during the period. Victory Capital Management Inc. increased its position in Rudolph Technologies by 45.6% in the first quarter. Victory Capital Management Inc. now owns 7,979 shares of the scientific and technical instruments company’s stock worth $179,000 after buying an additional 2,499 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Rudolph Technologies during the first quarter worth $207,000. Hedge funds and other institutional investors own 91.89% of the company’s stock.
About Rudolph Technologies
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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