Rudolph Technologies Inc (RTEC) Forecasted to Post FY2017 Earnings of $1.07 Per Share

Rudolph Technologies Inc (NYSE:RTEC) – Equities research analysts at DA Davidson boosted their FY2017 earnings estimates for Rudolph Technologies in a research report issued on Wednesday. DA Davidson analyst T. Diffely now anticipates that the scientific and technical instruments company will post earnings per share of $1.07 for the year, up from their previous estimate of $1.04. DA Davidson has a “Buy” rating and a $33.00 price target on the stock. DA Davidson also issued estimates for Rudolph Technologies’ Q4 2017 earnings at $0.25 EPS, Q2 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.29 EPS.

RTEC has been the topic of a number of other reports. BidaskClub cut shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Zacks Investment Research cut shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Credit Suisse Group boosted their price objective on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research note on Tuesday, October 31st. Finally, B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $28.60.

Rudolph Technologies (NYSE RTEC) opened at $28.00 on Thursday. The company has a market cap of $884.43, a price-to-earnings ratio of 22.58, a PEG ratio of 1.63 and a beta of 1.05. Rudolph Technologies has a 1-year low of $21.00 and a 1-year high of $28.50.

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, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $66.90 million for the quarter, compared to analysts’ expectations of $66.25 million. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of RTEC. Ameriprise Financial Inc. boosted its position in shares of Rudolph Technologies by 79.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 429,172 shares of the scientific and technical instruments company’s stock worth $9,807,000 after purchasing an additional 189,967 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its position in shares of Rudolph Technologies by 103.5% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 327,100 shares of the scientific and technical instruments company’s stock worth $7,817,000 after purchasing an additional 166,337 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Rudolph Technologies by 147.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 191,344 shares of the scientific and technical instruments company’s stock worth $4,372,000 after purchasing an additional 114,079 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rudolph Technologies by 94.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 233,761 shares of the scientific and technical instruments company’s stock worth $5,341,000 after purchasing an additional 113,320 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Rudolph Technologies by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock worth $38,397,000 after purchasing an additional 97,588 shares in the last quarter. Institutional investors own 92.52% of the company’s stock.

In other Rudolph Technologies news, VP Silveira Elvino M. Da sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $26.29, for a total value of $262,900.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel H. Berry sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $26.13, for a total transaction of $156,780.00. Following the completion of the transaction, the director now directly owns 24,200 shares in the company, valued at $632,346. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $511,765 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

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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.

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