Rudolph Technologies Inc (NYSE:RTEC) insider Steven R. Roth sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.01, for a total value of $468,180.00. Following the transaction, the insider now owns 74,073 shares in the company, valued at approximately $1,926,638.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Rudolph Technologies Inc (RTEC) opened at $26.25 on Wednesday. The stock has a market cap of $815.49, a price-to-earnings ratio of 23.45, a PEG ratio of 1.76 and a beta of 1.13. Rudolph Technologies Inc has a 52 week low of $21.00 and a 52 week high of $28.50.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.04. The business had revenue of $60.08 million for the quarter, compared to the consensus estimate of $60.79 million. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. Rudolph Technologies’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company posted $0.21 earnings per share. equities research analysts forecast that Rudolph Technologies Inc will post 1.47 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC grew its stake in shares of Rudolph Technologies by 78.0% in 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 last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Rudolph Technologies by 4.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 189,535 shares of the scientific and technical instruments company’s stock worth $4,985,000 after acquiring an additional 7,712 shares during the last quarter. Kalos Management Inc. acquired a new stake in shares of Rudolph Technologies in the third quarter worth $330,000. Wells Fargo & Company MN grew its stake in shares of Rudolph Technologies by 7.5% in the third quarter. Wells Fargo & Company MN now owns 146,332 shares of the scientific and technical instruments company’s stock worth $3,848,000 after acquiring an additional 10,158 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake 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 buying an additional 113,320 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.
RTEC has been the topic of several analyst reports. Zacks Investment Research downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Credit Suisse Group increased their price target on Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Stifel Nicolaus increased their price target on Rudolph Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 2nd. DA Davidson reiterated a “buy” rating and set a $33.00 price target on shares of Rudolph Technologies in a report on Wednesday, January 17th. Finally, B. Riley reiterated a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday, October 31st. One equities research 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. The company has a consensus rating of “Buy” and an average target price of $29.67.
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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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