Rudolph Technologies, Inc. (NYSE:RTEC) announced its earnings results on Wednesday. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02, Morningstar.com reports. The company had revenue of $67.40 million for the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a return on equity of 10.33% and a net margin of 12.62%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. Rudolph Technologies updated its Q3 guidance to $0.28-0.33 EPS.

Rudolph Technologies (NYSE:RTEC) traded down 7.87% during trading on Thursday, reaching $21.65. The company’s stock had a trading volume of 336,888 shares. Rudolph Technologies has a 12 month low of $16.80 and a 12 month high of $27.30. The company has a market cap of $680.68 million, a price-to-earnings ratio of 23.03 and a beta of 1.08. The stock’s 50 day moving average is $24.37 and its 200 day moving average is $23.31.

A number of equities analysts have recently weighed in on RTEC shares. Stifel Nicolaus upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Saturday, May 6th. Credit Suisse Group lowered Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research note on Tuesday, May 2nd. BidaskClub lowered Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.20.

In other news, insider Steven R. Roth sold 28,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $24.35, for a total transaction of $681,800.00. Following the transaction, the insider now directly owns 143,324 shares of the company’s stock, valued at $3,489,939.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John R. Whitten sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $24.33, for a total value of $243,300.00. Following the transaction, the director now directly owns 43,300 shares in the company, valued at $1,053,489. The disclosure for this sale can be found here. Insiders have sold 45,439 shares of company stock worth $1,108,278 over the last ninety days. Insiders own 2.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in RTEC. Alps Advisors Inc. boosted its position in shares of Rudolph Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 22,118 shares of the scientific and technical instruments company’s stock worth $505,000 after buying an additional 57 shares during the period. Louisiana State Employees Retirement System raised its stake in Rudolph Technologies by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the scientific and technical instruments company’s stock worth $292,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in Rudolph Technologies by 0.6% in the second quarter. Arizona State Retirement System now owns 16,424 shares of the scientific and technical instruments company’s stock worth $375,000 after buying an additional 100 shares in the last quarter. Wellington Management Group LLP raised its stake in Rudolph Technologies by 0.5% in the first quarter. Wellington Management Group LLP now owns 27,097 shares of the scientific and technical instruments company’s stock worth $607,000 after buying an additional 148 shares in the last quarter. Finally, Capital One National Association raised its stake in Rudolph Technologies by 1.0% in the first quarter. Capital One National Association now owns 31,814 shares of the scientific and technical instruments company’s stock worth $713,000 after buying an additional 320 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Earnings History for Rudolph Technologies (NYSE:RTEC)

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