Rudolph Technologies, Inc. (NYSE:RTEC)‘s stock had its “buy” rating restated by analysts at B. Riley in a report issued on Tuesday. They currently have a $30.00 target price on the scientific and technical instruments company’s stock. B. Riley’s target price would suggest a potential upside of 34.23% from the company’s current price.

A number of other brokerages also recently issued reports on RTEC. Stifel Nicolaus raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Friday, June 16th. They noted that the move was a valuation call. 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 report on Saturday, May 6th. Credit Suisse Group downgraded 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 report on Tuesday, May 2nd. BidaskClub downgraded shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 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 report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $27.20.

Rudolph Technologies (RTEC) traded down 0.22% during trading on Tuesday, reaching $22.30. The company had a trading volume of 113,674 shares. Rudolph Technologies has a 12-month low of $16.80 and a 12-month high of $27.30. The firm has a market capitalization of $702.45 million, a PE ratio of 22.50 and a beta of 1.08. The firm’s 50 day moving average price is $24.37 and its 200 day moving average price is $23.31.

Rudolph Technologies (NYSE:RTEC) last posted its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The business had revenue of $67.40 million during the quarter, compared to the consensus estimate of $65.60 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Rudolph Technologies will post $1.17 EPS for the current year.

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In other news, insider Steven R. Roth sold 28,000 shares of the company’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $24.35, for a total transaction of $681,800.00. Following the sale, the insider now directly owns 143,324 shares in the company, valued at approximately $3,489,939.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John R. Whitten sold 10,000 shares of the company’s stock in a transaction dated 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 owns 43,300 shares in the company, valued at $1,053,489. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,439 shares of company stock worth $1,108,278. Corporate insiders own 2.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of Rudolph Technologies by 15.9% in the second quarter. Prudential Financial Inc. now owns 61,020 shares of the scientific and technical instruments company’s stock valued at $1,394,000 after buying an additional 8,370 shares during the last quarter. Bridge City Capital LLC purchased a new position in shares of Rudolph Technologies during the second quarter valued at approximately $708,000. American Century Companies Inc. increased its position in shares of Rudolph Technologies by 2.5% in the second quarter. American Century Companies Inc. now owns 214,110 shares of the scientific and technical instruments company’s stock valued at $4,892,000 after buying an additional 5,310 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Rudolph Technologies by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,387 shares of the scientific and technical instruments company’s stock valued at $214,000 after buying an additional 1,408 shares during the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in shares of Rudolph Technologies by 4.5% in the second quarter. Virginia Retirement Systems ET AL now owns 18,500 shares of the scientific and technical instruments company’s stock valued at $423,000 after buying an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 91.89% 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.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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