Rudolph Technologies, Inc. (NYSE:RTEC) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has a $29.00 price objective on the scientific and technical instruments company’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.94% from the stock’s previous close. The analysts noted that the move was a valuation call.

A number of other brokerages have also recently issued reports on RTEC. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research note on Tuesday, May 2nd. Credit Suisse Group cut shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Tuesday, May 2nd. Zacks Investment Research raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Saturday, May 6th. Finally, Dougherty & Co raised shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Rudolph Technologies presently has an average rating of “Buy” and an average price target of $27.20.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

Shares of Rudolph Technologies (NYSE RTEC) traded down 0.8766% during trading on Friday, hitting $24.5826. 31,202 shares of the stock were exchanged. The firm has a market capitalization of $772.85 million, a price-to-earnings ratio of 26.1239 and a beta of 1.04. The stock’s 50 day moving average price is $24.51 and its 200 day moving average price is $22.87. Rudolph Technologies has a 52 week low of $14.67 and a 52 week high of $27.30.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Monday, May 1st. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Rudolph Technologies had a net margin of 12.62% and a return on equity of 10.33%. The company had revenue of $60.70 million during the quarter, compared to analysts’ expectations of $58.58 million. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts predict that Rudolph Technologies will post $1.17 earnings per share for the current year.

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In other Rudolph Technologies news, insider Steven R. Roth sold 28,000 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $24.35, for a total transaction of $681,800.00. Following the completion of the sale, the insider now owns 143,324 shares of the company’s stock, valued at approximately $3,489,939.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Whitten sold 10,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $24.33, for a total transaction of $243,300.00. Following the sale, the director now directly owns 43,300 shares of the company’s stock, valued at approximately $1,053,489. The disclosure for this sale can be found here. Insiders have sold a total of 45,439 shares of company stock valued at $1,108,278 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in shares of Rudolph Technologies by 0.5% in the first quarter. Wellington Management Group LLP now owns 27,097 shares of the scientific and technical instruments company’s stock valued at $607,000 after buying an additional 148 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Rudolph Technologies by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the scientific and technical instruments company’s stock valued at $284,000 after buying an additional 200 shares during the period. Dalton Greiner Hartman Maher & Co. raised its position in shares of Rudolph Technologies by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 82,374 shares of the scientific and technical instruments company’s stock valued at $1,845,000 after buying an additional 320 shares during the period. Capital One National Association raised its position in shares of Rudolph Technologies by 1.0% in the first quarter. Capital One National Association now owns 31,814 shares of the scientific and technical instruments company’s stock valued at $713,000 after buying an additional 320 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Rudolph Technologies by 2.5% in the first quarter. Arizona State Retirement System now owns 16,324 shares of the scientific and technical instruments company’s stock valued at $366,000 after buying an additional 400 shares during the period. 92.66% of the stock is owned by institutional investors and hedge funds.

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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