FY2017 EPS Estimates for Rudolph Technologies Inc (RTEC) Boosted by DA Davidson
Rudolph Technologies Inc (NYSE:RTEC) – Equities research analysts at DA Davidson upped their FY2017 earnings estimates for shares of Rudolph Technologies in a note issued to investors on Wednesday. DA Davidson analyst T. Diffely now expects that the scientific and technical instruments company will earn $1.07 per share for the year, up from their previous forecast of $1.04. DA Davidson currently has a “Buy” rating and a $33.00 target price on the stock. DA Davidson also issued estimates for Rudolph Technologies’ Q4 2017 earnings at $0.25 EPS, Q2 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.29 EPS.
Other research analysts have also recently issued reports about the stock. B. Riley reiterated a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a research report on Thursday, September 21st. Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. BidaskClub upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group increased their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Rudolph Technologies has an average rating of “Hold” and a consensus target price of $28.60.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The business had revenue of $66.90 million for the quarter, compared to analysts’ expectations of $66.25 million. During the same period last year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Rudolph Technologies by 6.2% during the second quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock valued at $38,397,000 after purchasing an additional 97,588 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Rudolph Technologies by 15.5% during the second quarter. Renaissance Technologies LLC now owns 706,633 shares of the scientific and technical instruments company’s stock valued at $16,147,000 after purchasing an additional 94,897 shares during the period. Eagle Asset Management Inc. boosted its stake in shares of Rudolph Technologies by 1.8% during the third quarter. Eagle Asset Management Inc. now owns 474,579 shares of the scientific and technical instruments company’s stock valued at $12,457,000 after purchasing an additional 8,602 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Rudolph Technologies by 6.2% during the third quarter. Ameriprise Financial Inc. now owns 455,628 shares of the scientific and technical instruments company’s stock valued at $11,981,000 after purchasing an additional 26,456 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Rudolph Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 416,768 shares of the scientific and technical instruments company’s stock valued at $9,524,000 after purchasing an additional 36,893 shares during the period. 92.52% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Silveira Elvino M. Da sold 10,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total transaction of $262,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert Alan Koch sold 3,500 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $26.31, for a total value of $92,085.00. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock worth $511,765 over the last quarter. Company insiders own 2.00% 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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