Rudolph Technologies, Inc. (NYSE:RTEC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Other research analysts have also recently issued reports about the stock. B. Riley restated a “buy” rating and issued a $28.00 price objective on shares of Rudolph Technologies in a research report on Wednesday, March 22nd. Stifel Nicolaus upped their price objective on shares of Rudolph Technologies from $19.00 to $24.00 and gave the stock a “hold” rating in a research report on Tuesday, May 2nd. Dougherty & Co upgraded shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, April 19th. Credit Suisse Group cut shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, May 6th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $27.20.

Shares of Rudolph Technologies (RTEC) remained flat at $23.20 during trading on Thursday. 218,886 shares of the stock traded hands. The firm has a 50-day moving average price of $24.47 and a 200 day moving average price of $23.04. The company has a market capitalization of $729.38 million, a PE ratio of 24.65 and a beta of 1.07. Rudolph Technologies has a 52 week low of $15.04 and a 52 week high of $27.30.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Monday, May 1st. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, beating 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 firm had revenue of $60.70 million for the quarter, compared to analysts’ expectations of $58.58 million. During the same period in the prior year, the business posted $0.18 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. Equities research analysts predict that Rudolph Technologies will post $1.17 earnings per share for the current fiscal year.

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In other news, VP Silveira Elvino M. Da sold 3,439 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $24.71, for a total transaction of $84,977.69. Following the completion of the sale, the vice president now owns 43,065 shares of the company’s stock, valued at $1,064,136.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Steven R. Roth sold 28,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $24.35, for a total value of $681,800.00. Following the sale, the insider now directly owns 143,324 shares of the company’s stock, valued at approximately $3,489,939.40. The disclosure for this sale can be found here. Insiders have sold 45,439 shares of company stock worth $1,108,278 over the last quarter. Company insiders own 2.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in RTEC. Wellington Management Group LLP raised its stake in 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 worth $607,000 after buying an additional 148 shares during the period. Louisiana State Employees Retirement System raised its stake in 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 worth $284,000 after buying an additional 200 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in 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 worth $1,845,000 after buying an additional 320 shares during the period. Capital One National Association raised its stake in 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 worth $713,000 after buying an additional 320 shares during the period. Finally, Arizona State Retirement System raised its stake in 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 worth $366,000 after buying an additional 400 shares during the period. 92.66% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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