Zacks Investment Research upgraded shares of Rudolph Technologies (NYSE:RTEC) from a hold rating to a buy rating in a report released on Friday, February 9th. The firm currently has $29.00 target price on the scientific and technical instruments company’s stock.
According to Zacks, “Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology, defect inspection and data analysis systems used by semiconductor device manufacturers. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down costs and time to market. Rudolph has enhanced the competitiveness of its products in the marketplace by anticipating and addressing many emerging trends driving the semiconductor industry’s growth. Rudolph’s strategy for continued technological and market leadership includes aggressive research and development of complementary metrology and inspection solutions. “
RTEC has been the subject of several other reports. BidaskClub cut Rudolph Technologies from a buy rating to a hold rating in a research report on Friday, November 10th. B. Riley lifted their price objective on Rudolph Technologies from $30.00 to $32.00 and gave the company a buy rating in a report on Friday, February 2nd. Credit Suisse Group lifted their price objective on Rudolph Technologies from $23.00 to $24.00 and gave the company an underperform rating in a report on Tuesday, October 31st. DA Davidson restated a buy rating and issued a $33.00 target price on shares of Rudolph Technologies in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus raised their target price on Rudolph Technologies from $30.00 to $33.00 and gave the company a buy rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Rudolph Technologies currently has a consensus rating of Buy and a consensus target price of $29.67.
Shares of Rudolph Technologies (RTEC) traded down $0.28 during mid-day trading on Friday, reaching $25.67. The company’s stock had a trading volume of 113,831 shares, compared to its average volume of 221,465. Rudolph Technologies has a one year low of $21.00 and a one year high of $28.50. The firm has a market capitalization of $799.15, a P/E ratio of 25.25, a PEG ratio of 1.72 and a beta of 1.13.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Rudolph Technologies had a return on equity of 11.08% and a net margin of 12.90%. The company had revenue of $60.08 million during the quarter, compared to analysts’ expectations of $60.79 million. During the same period in the prior year, the business earned $0.21 earnings per share. Rudolph Technologies’s revenue for the quarter was up 11.1% compared to the same quarter last year. analysts expect that Rudolph Technologies will post 1.47 earnings per share for the current year.
In related news, VP Robert Alan Koch sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.31, for a total transaction of $92,085.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Steven D. Gardner sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $25.21, for a total value of $151,260.00. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $400,125 in the last 90 days. Company insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of RTEC. Schwab Charles Investment Management Inc. grew its holdings in Rudolph Technologies by 30.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 181,823 shares of the scientific and technical instruments company’s stock valued at $4,155,000 after buying an additional 42,612 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Rudolph Technologies by 181.9% during the 2nd quarter. Alliancebernstein L.P. now owns 82,890 shares of the scientific and technical instruments company’s stock valued at $1,894,000 after acquiring an additional 53,490 shares during the period. Teachers Advisors LLC lifted its position in shares of Rudolph Technologies by 16.3% during the 2nd quarter. Teachers Advisors LLC now owns 59,179 shares of the scientific and technical instruments company’s stock valued at $1,352,000 after acquiring an additional 8,304 shares during the period. TIAA CREF Investment Management LLC lifted 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 valued at $4,372,000 after acquiring an additional 114,079 shares during the period. Finally, Ameriprise Financial Inc. lifted 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 valued at $9,807,000 after acquiring an additional 189,967 shares during the period. 91.48% of the stock is currently owned by hedge funds and other institutional investors.
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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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