Rudolph Technologies Inc. (RTEC) Lowered to “Hold” at Zacks Investment Research
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. “
Several other equities research analysts have also recently weighed in on RTEC. B. Riley reiterated a buy rating and set a $17.00 price objective on shares of Rudolph Technologies in a research report on Monday, July 4th. Dougherty & Co cut shares of Rudolph Technologies from a buy rating to a neutral rating in a research report on Friday, July 29th. Finally, Stifel Nicolaus increased their price objective on shares of Rudolph Technologies from $16.00 to $19.00 and gave the stock a buy rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $18.50.
Rudolph Technologies (NYSE:RTEC) traded up 0.57% during trading on Thursday, hitting $17.75. 33,313 shares of the stock were exchanged. The stock has a 50 day moving average price of $17.52 and a 200-day moving average price of $15.36. Rudolph Technologies has a 12-month low of $11.17 and a 12-month high of $18.00. The firm has a market capitalization of $549.19 million, a PE ratio of 17.77 and a beta of 1.15.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Rudolph Technologies had a net margin of 13.95% and a return on equity of 9.17%. The company earned $62.70 million during the quarter, compared to analysts’ expectations of $60.27 million. During the same period in the prior year, the company posted $0.23 earnings per share. Rudolph Technologies’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Rudolph Technologies will post $1.04 earnings per share for the current fiscal year.
In other Rudolph Technologies news, VP Rajiv Roy acquired 2,500 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average cost of $16.95 per share, with a total value of $42,375.00. Following the completion of the purchase, the vice president now owns 26,903 shares of the company’s stock, valued at $456,005.85. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven R. Roth sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $17.00, for a total transaction of $255,000.00. Following the completion of the transaction, the insider now directly owns 76,207 shares in the company, valued at $1,295,519. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in Rudolph Technologies by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,518,495 shares of the company’s stock worth $39,112,000 after buying an additional 48,825 shares during the period. BlackRock Fund Advisors increased its stake in shares of Rudolph Technologies by 0.8% in the second quarter. BlackRock Fund Advisors now owns 2,011,634 shares of the company’s stock valued at $31,241,000 after buying an additional 15,380 shares in the last quarter. Palisade Capital Management LLC NJ increased its stake in shares of Rudolph Technologies by 11.2% in the first quarter. Palisade Capital Management LLC NJ now owns 722,940 shares of the company’s stock valued at $9,875,000 after buying an additional 72,991 shares in the last quarter. Allianz Asset Management AG increased its stake in shares of Rudolph Technologies by 23.1% in the second quarter. Allianz Asset Management AG now owns 324,060 shares of the company’s stock valued at $5,032,000 after buying an additional 60,861 shares in the last quarter. Finally, WCM Investment Management CA purchased a new stake in shares of Rudolph Technologies during the second quarter valued at approximately $4,391,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.
About Rudolph Technologies
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The Company operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers.
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