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Rudolph Technologies (NASDAQ:RTEC) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, reports. They currently have a $16.00 target price on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 46.25% from the stock’s previous close.

The analysts wrote, “On Monday after the market close, Rudolph Technologies reported 1Q14 (March) earnings results that came in below our estimates. We suspected that there were significant risks to our forward estimates (see our note, Rudolph Technologies: 1Q14 Preview: Front-End Weakness Puts 2Q14 (and 2014) Estimates at Risk, April 24) and if anything, our concerns and the risks were only heightened after the call. In turn, we are downgrading our rating from Buy to Hold, and acknowledge that our prior positive bias on the name has not worked to expectations.”

A number of other firms have also recently commented on RTEC. Analysts at DA Davidson reiterated a “buy” rating on shares of Rudolph Technologies in a research note on Tuesday. They now have a $15.00 price target on the stock, down previously from $17.00. Analysts at B. Riley initiated coverage on shares of Rudolph Technologies in a research note on Wednesday, February 26th. They set a “buy” rating and a $14.00 price target on the stock. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $14.25.

Shares of Rudolph Technologies (NASDAQ:RTEC) traded down 10.47% during mid-day trading on Tuesday, hitting $9.795. The stock had a trading volume of 287,233 shares. Rudolph Technologies has a 1-year low of $10.08 and a 1-year high of $13.29. The stock has a 50-day moving average of $11.07 and a 200-day moving average of $11.12. The company has a market cap of $322.8 million and a P/E ratio of 109.40.

Rudolph Technologies (NASDAQ:RTEC) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.01. The company had revenue of $41.64 million for the quarter, compared to the consensus estimate of $44.71 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that Rudolph Technologies will post $0.66 EPS for the current fiscal year.

Rudolph Technologies, Inc is engaged in the design, development, and manufacture of process control defect inspection, metrology, and process control software systems used by microelectronics device manufacturers.

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