Rudolph Technologies CEO Sells $878,850 in Stock (RTEC)
Rudolph Technologies (NASDAQ:RTEC) CEO Paul F. Mclaughlin sold 93,000 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $9.45, for a total transaction of $878,850.00. Following the completion of the sale, the chief executive officer now directly owns 799,638 shares of the company’s stock, valued at approximately $7,556,579. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on RTEC shares. 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $13.56.
Shares of Rudolph Technologies (NASDAQ:RTEC) traded up 0.42% during mid-day trading on Friday, hitting $9.61. The stock had a trading volume of 164,949 shares. Rudolph Technologies has a 1-year low of $8.91 and a 1-year 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 $319.7 million.
Rudolph Technologies (NASDAQ:RTEC) last issued its quarterly 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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