Rudolph Technologies, Inc. (RTEC) Stock Rating Upgraded by Stifel Nicolaus
Rudolph Technologies, Inc. (NYSE:RTEC) was upgraded by research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a $29.00 price objective on the scientific and technical instruments company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 16.70% from the stock’s current price. The analysts noted that the move was a valuation call.
Several other analysts have also issued reports on RTEC. B. Riley reiterated a “buy” rating and set a $28.00 price objective on shares of Rudolph Technologies in a report on Wednesday, March 22nd. Dougherty & Co upgraded Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Wednesday, April 19th. Credit Suisse Group lowered Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a report on Tuesday, May 2nd. Finally, Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Saturday, May 6th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Rudolph Technologies currently has a consensus rating of “Buy” and an average target price of $27.20.
Shares of Rudolph Technologies (NYSE RTEC) opened at 24.85 on Friday. The firm’s 50-day moving average price is $24.50 and its 200 day moving average price is $22.78. Rudolph Technologies has a 52 week low of $14.68 and a 52 week high of $27.30. The firm has a market capitalization of $781.26 million, a price-to-earnings ratio of 26.41 and a beta of 1.04.
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, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Rudolph Technologies had a return on equity of 10.33% and a net margin of 12.62%. The business had revenue of $60.70 million during the quarter, compared to analyst estimates of $58.58 million. During the same period last year, the company earned $0.18 earnings per share. Rudolph Technologies’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, analysts anticipate that Rudolph Technologies will post $1.16 EPS for the current year.
In other news, VP Silveira Elvino M. Da sold 3,439 shares of Rudolph Technologies stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $24.71, for a total value of $84,977.69. Following the transaction, the vice president now directly owns 43,065 shares in the company, valued at $1,064,136.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John R. Whitten sold 10,000 shares of Rudolph Technologies stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $24.33, for a total value of $243,300.00. Following the completion of the transaction, the director now owns 43,300 shares in the company, valued at $1,053,489. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,439 shares of company stock worth $1,108,278. Corporate insiders own 2.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Legato Capital Management LLC raised its position in Rudolph Technologies by 2,140.0% in the first quarter. Legato Capital Management LLC now owns 34,742 shares of the scientific and technical instruments company’s stock worth $1,551,000 after buying an additional 33,191 shares during the last quarter. State Street Corp raised its position in Rudolph Technologies by 6.8% in the fourth quarter. State Street Corp now owns 737,011 shares of the scientific and technical instruments company’s stock worth $17,206,000 after buying an additional 46,748 shares during the last quarter. Comerica Bank raised its position in Rudolph Technologies by 4.3% in the fourth quarter. Comerica Bank now owns 33,553 shares of the scientific and technical instruments company’s stock worth $773,000 after buying an additional 1,389 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Rudolph Technologies during the fourth quarter worth approximately $3,051,000. Finally, Allianz Asset Management AG raised its position in Rudolph Technologies by 239.8% in the fourth quarter. Allianz Asset Management AG now owns 320,615 shares of the scientific and technical instruments company’s stock worth $7,487,000 after buying an additional 226,253 shares during the last quarter. Institutional investors and hedge funds own 92.66% of the company’s stock.
Rudolph Technologies Company Profile
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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