Rudolph Technologies, Inc. (RTEC) Receives Average Rating of “Buy” from Analysts
Shares of Rudolph Technologies, Inc. (NYSE:RTEC) have been assigned a consensus rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $27.20.
RTEC has been the topic of several recent analyst reports. BidaskClub lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Dougherty & Co raised shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, April 19th. Credit Suisse Group downgraded shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research note on Tuesday, May 2nd. Stifel Nicolaus upped their target price on shares of Rudolph Technologies from $19.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, May 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Sunday, May 7th.
Rudolph Technologies (RTEC) opened at 25.25 on Monday. The stock has a market capitalization of $793.83 million, a price-to-earnings ratio of 26.83 and a beta of 1.08. Rudolph Technologies has a one year low of $15.86 and a one year high of $27.30. The company’s 50-day moving average is $24.41 and its 200 day moving average is $23.19.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings data on Monday, May 1st. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping the 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 firm had revenue of $60.70 million for the quarter, compared to analyst estimates of $58.58 million. During the same period in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts expect that Rudolph Technologies will post $1.17 EPS for the current year.
In other Rudolph Technologies news, 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John R. Whitten sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 43,300 shares in the company, valued at $1,053,489. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,439 shares of company stock worth $1,108,278. 2.00% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of 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 in the last quarter. State Street Corp increased its stake in shares of 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 in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Rudolph Technologies during the fourth quarter worth approximately $1,487,000. Louisiana State Employees Retirement System increased its stake 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 worth $284,000 after buying an additional 200 shares in the last quarter. Finally, Legato Capital Management LLC increased its stake in shares of 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 in the last quarter. 92.38% of the stock is currently owned by institutional investors.
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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