Rudolph Technologies, Inc. (RTEC) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Rudolph Technologies, Inc. (NYSE:RTEC) have received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $27.25.
Several analysts recently weighed in on RTEC shares. Stifel Nicolaus upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, June 16th. They noted that the move was a valuation call. 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. Credit Suisse Group downgraded 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. B. Riley restated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Tuesday, August 8th. Finally, BidaskClub downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th.
Shares of Rudolph Technologies (NYSE:RTEC) opened at 21.35 on Friday. Rudolph Technologies has a 52-week low of $16.80 and a 52-week high of $27.30. The stock has a 50 day moving average of $23.63 and a 200-day moving average of $23.22. The stock has a market capitalization of $673.38 million, a P/E ratio of 21.54 and a beta of 1.08.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $67.40 million during the quarter, compared to the consensus estimate of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. Analysts predict that Rudolph Technologies will post $1.17 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Rudolph Technologies by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock valued at $141,000 after buying an additional 2,760 shares during the period. Mason Street Advisors LLC raised its position in Rudolph Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock valued at $164,000 after buying an additional 527 shares during the period. Acadian Asset Management LLC raised its position in Rudolph Technologies by 533.0% in the second quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock valued at $177,000 after buying an additional 6,524 shares during the period. Victory Capital Management Inc. raised its position in Rudolph Technologies by 45.6% in the first quarter. Victory Capital Management Inc. now owns 7,979 shares of the scientific and technical instruments company’s stock valued at $179,000 after buying an additional 2,499 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new position in Rudolph Technologies during the first quarter valued at about $207,000. Institutional investors own 91.96% of the company’s stock.
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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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