Shares of Rudolph Technologies Inc (NYSE:RTEC) have earned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $32.50.
Several equities analysts recently commented on RTEC shares. Sidoti started coverage on shares of Rudolph Technologies in a report on Friday, March 16th. They set a “neutral” rating on the stock. Zacks Investment Research lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Stifel Nicolaus increased their target price on shares of Rudolph Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, May 3rd. Finally, ValuEngine raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd.
In other Rudolph Technologies news, Director Daniel H. Berry sold 3,500 shares of the stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $34.00, for a total transaction of $119,000.00. Following the completion of the sale, the director now owns 20,600 shares of the company’s stock, valued at approximately $700,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Whitten sold 6,300 shares of the stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $31.67, for a total transaction of $199,521.00. Following the sale, the director now directly owns 30,030 shares of the company’s stock, valued at approximately $951,050.10. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock valued at $1,118,523 in the last three months. 2.00% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of RTEC. Victory Capital Management Inc. lifted its position in shares of Rudolph Technologies by 21.4% in the 4th quarter. Victory Capital Management Inc. now owns 63,728 shares of the scientific and technical instruments company’s stock worth $1,523,000 after purchasing an additional 11,233 shares during the period. Crossmark Global Holdings Inc. lifted its position in shares of Rudolph Technologies by 56.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 17,420 shares of the scientific and technical instruments company’s stock worth $416,000 after purchasing an additional 6,320 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Rudolph Technologies in the 4th quarter worth about $251,000. Swiss National Bank lifted its position in shares of Rudolph Technologies by 10.1% in the 4th quarter. Swiss National Bank now owns 53,200 shares of the scientific and technical instruments company’s stock worth $1,271,000 after purchasing an additional 4,900 shares during the period. Finally, LS Investment Advisors LLC lifted its position in shares of Rudolph Technologies by 68.4% in the 4th quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock worth $205,000 after purchasing an additional 3,492 shares during the period. 91.44% of the stock is owned by hedge funds and other institutional investors.
Shares of Rudolph Technologies traded down $0.45, reaching $31.70, during trading on Thursday, MarketBeat Ratings reports. The company had a trading volume of 118,600 shares, compared to its average volume of 221,673. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 1.82 and a beta of 1.11. Rudolph Technologies has a 12 month low of $21.10 and a 12 month high of $34.55.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Wednesday, May 2nd. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.10. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $68.94 million. Rudolph Technologies had a net margin of 15.28% and a return on equity of 12.99%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS. research analysts forecast that Rudolph Technologies will post 1.75 earnings per share for the current fiscal year.
About Rudolph Technologies
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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