Rudolph Technologies, Inc. (RTEC) Receives Average Rating of “Hold” from Analysts

Shares of Rudolph Technologies, Inc. (NYSE:RTEC) have been given an average rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $28.00.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. DA Davidson restated a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a report on Monday, September 18th. Credit Suisse Group raised their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. BidaskClub cut shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, B. Riley restated a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a report on Thursday, September 21st.

In other news, VP Silveira Elvino M. Da sold 10,000 shares of Rudolph Technologies stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $26.29, for a total value of $262,900.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Robert Alan Koch sold 3,500 shares of Rudolph Technologies stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its position in Rudolph Technologies by 78.0% during the second quarter. Cubist Systematic Strategies LLC now owns 13,615 shares of the scientific and technical instruments company’s stock worth $311,000 after acquiring an additional 5,966 shares during the period. Morgan Stanley increased its position in Rudolph Technologies by 15.7% during the first quarter. Morgan Stanley now owns 345,351 shares of the scientific and technical instruments company’s stock worth $7,736,000 after acquiring an additional 46,941 shares during the period. Goldman Sachs Group Inc. increased its position in Rudolph Technologies by 94.1% during the second quarter. Goldman Sachs Group Inc. now owns 233,761 shares of the scientific and technical instruments company’s stock worth $5,341,000 after acquiring an additional 113,320 shares during the period. Cigna Investments Inc. New acquired a new stake in Rudolph Technologies during the second quarter worth $266,000. Finally, Vanguard Group Inc. boosted its stake in Rudolph Technologies by 6.2% during the second quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock worth $38,397,000 after buying an additional 97,588 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Rudolph Technologies (NYSE RTEC) opened at $26.20 on Friday. Rudolph Technologies has a 12-month low of $18.85 and a 12-month high of $28.10. The firm has a market cap of $827.58, a PE ratio of 26.20, a PEG ratio of 1.85 and a beta of 1.08.

Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The company had revenue of $66.90 million during the quarter, compared to analysts’ expectations of $66.25 million. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. sell-side analysts forecast that Rudolph Technologies will post 1.05 earnings per share for the current year.

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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)

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