B. Riley Reiterates “Buy” Rating for Rudolph Technologies, Inc. (RTEC)

Rudolph Technologies, Inc. (NYSE:RTEC)‘s stock had its “buy” rating reiterated by equities researchers at B. Riley in a research note issued to investors on Tuesday. They presently have a $30.00 target price on the scientific and technical instruments company’s stock. B. Riley’s price objective points to a potential upside of 8.11% from the stock’s current price.

The analysts wrote, “We retain a $30.00 PT and Buy rating, with upcoming catalysts new product sales expansion and 1Q-3Q’s demand seasonality.””

Other analysts also recently issued research reports about the stock. DA Davidson reaffirmed a “buy” rating and issued a $30.00 target price on shares of Rudolph Technologies in a report on Monday, September 18th. Zacks Investment Research raised shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, BidaskClub raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $28.00.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.29 earnings per share.

WARNING: “B. Riley Reiterates “Buy” Rating for Rudolph Technologies, Inc. (RTEC)” was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this report on another website, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/11/02/b-riley-reiterates-buy-rating-for-rudolph-technologies-inc-rtec.html.

Several hedge funds and other institutional investors have recently made changes to their positions in RTEC. Renaissance Technologies LLC lifted its stake in shares of Rudolph Technologies by 109.1% in the first quarter. Renaissance Technologies LLC now owns 611,736 shares of the scientific and technical instruments company’s stock valued at $13,703,000 after purchasing an additional 319,136 shares during the period. Marshall Wace North America L.P. lifted its stake in shares of Rudolph Technologies by 405.7% in the second quarter. Marshall Wace North America L.P. now owns 376,190 shares of the scientific and technical instruments company’s stock valued at $8,652,000 after purchasing an additional 301,807 shares during the period. AQR Capital Management LLC lifted its stake in shares of Rudolph Technologies by 112.5% in the first quarter. AQR Capital Management LLC now owns 567,047 shares of the scientific and technical instruments company’s stock valued at $12,702,000 after purchasing an additional 300,169 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Rudolph Technologies by 436.1% in the second quarter. Russell Investments Group Ltd. now owns 333,406 shares of the scientific and technical instruments company’s stock valued at $7,619,000 after purchasing an additional 271,217 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Rudolph Technologies by 79.4% in the second quarter. Ameriprise Financial Inc. now owns 429,172 shares of the scientific and technical instruments company’s stock valued at $9,807,000 after purchasing an additional 189,967 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

Rudolph Technologies Company Profile

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.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

What are top analysts saying about Rudolph Technologies Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rudolph Technologies Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit