Insider Selling: Matthew Wilson Sells 1,020 Shares of Rudolph Technologies Stock (RTEC)
Rudolph Technologies (NASDAQ:RTEC) VP Matthew Wilson sold 1,020 shares of Rudolph Technologies stock on the open market in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $9.31, for a total transaction of $9,496.20. Following the completion of the sale, the vice president now directly owns 9,140 shares in the company, valued at approximately $85,093. The transaction was disclosed in a document filed with the SEC, which is available at this link.
RTEC has been the subject of a number of recent research reports. Analysts at Davidson cut their price target on shares of Rudolph Technologies from $15.00 to $13.00 in a research note on Monday, August 4th. They now have a “buy” rating on the stock. Analysts at Barrington Research initiated coverage on shares of Rudolph Technologies in a research note on Friday, June 13th. They set a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Rudolph Technologies currently has an average rating of “Buy” and an average target price of $13.56.
Shares of Rudolph Technologies (NASDAQ:RTEC) traded up 1.71% on Thursday, hitting $9.54. 52,726 shares of the company’s stock traded hands. Rudolph Technologies has a 52 week low of $8.91 and a 52 week high of $12.32. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $10.29. The company’s market cap is $317.4 million.
Rudolph Technologies (NASDAQ:RTEC) last released its earnings data on Monday, August 4th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.01. The company had revenue of $43.02 million for the quarter, compared to the consensus estimate of $43.62 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Rudolph Technologies will post $0.21 earnings per share 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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