Rudolph Technologies CEO Paul F. Mclaughlin Sells 93,000 Shares (RTEC)
Rudolph Technologies (NASDAQ:RTEC) CEO Paul F. Mclaughlin sold 93,000 shares of Rudolph Technologies stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $9.45, for a total value of $878,850.00. Following the transaction, the chief executive officer now directly owns 799,638 shares of the company’s stock, valued at approximately $7,556,579. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on RTEC. 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 given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $13.56.
Rudolph Technologies (NASDAQ:RTEC) traded up 0.42% on Friday, hitting $9.61. 166,294 shares of the company’s stock traded hands. Rudolph Technologies has a one year low of $8.91 and a one year high of $12.32. The stock’s 50-day moving average is $9.69 and its 200-day moving average is $10.28. The company’s market cap is $319.7 million.
Rudolph Technologies (NASDAQ:RTEC) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter 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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