Rudolph Technologies (RTEC) Stock Rating Upgraded by ValuEngine

Rudolph Technologies (NYSE:RTEC) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also recently commented on RTEC. Zacks Investment Research cut Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Sidoti upgraded Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $36.00 price target on the stock in a research note on Monday, September 10th. Stifel Nicolaus cut their price target on Rudolph Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Finally, B. Riley cut their price target on Rudolph Technologies from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $32.80.

Shares of NYSE RTEC opened at $21.22 on Friday. Rudolph Technologies has a 1-year low of $19.05 and a 1-year high of $34.55. The stock has a market capitalization of $676.94 million, a PE ratio of 20.40, a P/E/G ratio of 1.52 and a beta of 1.08.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Rudolph Technologies had a return on equity of 13.13% and a net margin of 13.36%. The business had revenue of $60.43 million for the quarter, compared to analysts’ expectations of $60.74 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was down 9.7% compared to the same quarter last year. As a group, research analysts expect that Rudolph Technologies will post 1.39 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in shares of Rudolph Technologies by 3.9% in the third quarter. BlackRock Inc. now owns 4,717,084 shares of the scientific and technical instruments company’s stock worth $115,332,000 after acquiring an additional 178,780 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Rudolph Technologies by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,937,338 shares of the scientific and technical instruments company’s stock worth $47,368,000 after acquiring an additional 33,925 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Rudolph Technologies by 10.0% in the third quarter. Renaissance Technologies LLC now owns 1,226,836 shares of the scientific and technical instruments company’s stock worth $29,996,000 after acquiring an additional 112,000 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Rudolph Technologies by 14.7% in the third quarter. Royce & Associates LP now owns 858,043 shares of the scientific and technical instruments company’s stock worth $20,979,000 after acquiring an additional 110,053 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Rudolph Technologies by 4.7% in the third quarter. Bank of New York Mellon Corp now owns 431,675 shares of the scientific and technical instruments company’s stock worth $10,554,000 after acquiring an additional 19,322 shares in the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

About Rudolph Technologies

Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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