Rudolph Technologies Inc. (NYSE:RTEC) Receives Average Recommendation of “Buy” from Brokerages
Shares of Rudolph Technologies Inc. (NYSE:RTEC) have received an average recommendation of “Buy” from the six analysts that are presently covering the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.17.
A number of research firms have recently issued reports on RTEC. B. Riley restated a “buy” rating and issued a $19.50 price target on shares of Rudolph Technologies in a research report on Wednesday, August 3rd. Stifel Nicolaus upped their price objective on Rudolph Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Thursday, August 4th. Finally, Dougherty & Co cut Rudolph Technologies from a “buy” rating to a “neutral” rating in a report on Friday, July 29th.
In other news, Director John R. Whitten sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $17.24, for a total transaction of $129,300.00. Following the sale, the director now owns 40,000 shares of the company’s stock, valued at $689,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leo Berlinghieri sold 13,100 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $17.00, for a total value of $222,700.00. Following the sale, the director now directly owns 15,900 shares in the company, valued at approximately $270,300. The disclosure for this sale can be found here. Company insiders own 4.60% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in Rudolph Technologies by 111.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,510 shares of the company’s stock worth $148,000 after buying an additional 5,020 shares in the last quarter. Voce Capital Management LLC raised its stake in Rudolph Technologies by 1.9% in the first quarter. Voce Capital Management LLC now owns 239,917 shares of the company’s stock worth $3,277,000 after buying an additional 4,400 shares in the last quarter. Arizona State Retirement System raised its stake in Rudolph Technologies by 2.6% in the first quarter. Arizona State Retirement System now owns 15,824 shares of the company’s stock worth $216,000 after buying an additional 400 shares in the last quarter. Hancock Holding Co. raised its stake in Rudolph Technologies by 5.0% in the first quarter. Hancock Holding Co. now owns 69,626 shares of the company’s stock worth $951,000 after buying an additional 3,313 shares in the last quarter. Finally, Springbank Value Partners LP raised its stake in Rudolph Technologies by 130.4% in the first quarter. Springbank Value Partners LP now owns 26,500 shares of the company’s stock worth $362,000 after buying an additional 15,000 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rudolph Technologies (NYSE:RTEC) traded down 0.56% on Monday, hitting $17.64. The stock had a trading volume of 72,201 shares. Rudolph Technologies has a 12-month low of $11.17 and a 12-month high of $18.00. The firm has a market cap of $545.78 million, a price-to-earnings ratio of 17.66 and a beta of 1.23. The stock has a 50 day moving average of $17.54 and a 200 day moving average of $15.39.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The business earned $62.70 million during the quarter, compared to analyst estimates of $60.27 million. Rudolph Technologies had a return on equity of 9.17% and a net margin of 13.95%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Equities analysts predict that Rudolph Technologies will post $1.04 earnings per share for the current fiscal year.
Rudolph Technologies Company Profile
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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