Sidoti started coverage on shares of Rudolph Technologies (NYSE:RTEC) in a research note issued to investors on Friday, March 16th. The firm issued a neutral rating on the scientific and technical instruments company’s stock.
A number of other brokerages also recently commented on RTEC. Zacks Investment Research upgraded shares of Rudolph Technologies from a sell rating to a hold rating in a report on Saturday, January 20th. Stifel Nicolaus boosted their target price on shares of Rudolph Technologies from $30.00 to $33.00 and gave the company a buy rating in a report on Friday, February 2nd. B. Riley boosted their target price on shares of Rudolph Technologies from $30.00 to $32.00 and gave the company a buy rating in a report on Friday, February 2nd. Finally, DA Davidson reiterated a buy rating and set a $33.00 price objective on shares of Rudolph Technologies in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $29.67.
RTEC stock opened at $27.40 on Friday. Rudolph Technologies has a one year low of $21.00 and a one year high of $30.85. The firm has a market capitalization of $889.77, a PE ratio of 26.35, a PEG ratio of 1.91 and a beta of 1.02.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The firm had revenue of $60.08 million during the quarter, compared to analysts’ expectations of $60.79 million. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. equities research analysts expect that Rudolph Technologies will post 1.47 earnings per share for the current fiscal year.
In related news, VP Steven D. Gardner sold 6,000 shares of the stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $25.21, for a total value of $151,260.00. Following the completion of the transaction, the vice president now owns 37,102 shares in the company, valued at approximately $935,341.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Steven R. Roth sold 18,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $468,180.00. Following the completion of the transaction, the insider now owns 74,073 shares of the company’s stock, valued at approximately $1,926,638.73. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its holdings in Rudolph Technologies by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,202 shares of the scientific and technical instruments company’s stock valued at $554,000 after acquiring an additional 983 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Rudolph Technologies by 3.4% in the 3rd quarter. Nationwide Fund Advisors now owns 124,897 shares of the scientific and technical instruments company’s stock valued at $3,285,000 after acquiring an additional 4,125 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Rudolph Technologies in the 3rd quarter valued at about $292,000. Victory Capital Management Inc. lifted its holdings in Rudolph Technologies by 459.2% in the 3rd quarter. Victory Capital Management Inc. now owns 52,495 shares of the scientific and technical instruments company’s stock valued at $1,381,000 after acquiring an additional 43,108 shares during the last quarter. Finally, Stevens Capital Management LP lifted its holdings in Rudolph Technologies by 35.0% in the 3rd quarter. Stevens Capital Management LP now owns 17,349 shares of the scientific and technical instruments company’s stock valued at $456,000 after acquiring an additional 4,497 shares during the last quarter. Hedge funds and other institutional investors own 91.25% of the company’s stock.
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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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