Rudolph Technologies, Inc. (NYSE:RTEC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Rudolph Technologies is a worldwide leader in the design, development, manufacture and support of high-performance process control metrology, defect inspection and data analysis systems used by semiconductor device manufacturers. Rudolph provides a full-fab solution through its families of proprietary products that provide critical yield-enhancing information, enabling microelectronic device manufacturers to drive down costs and time to market. Rudolph has enhanced the competitiveness of its products in the marketplace by anticipating and addressing many emerging trends driving the semiconductor industry’s growth. Rudolph’s strategy for continued technological and market leadership includes aggressive research and development of complementary metrology and inspection solutions. “

RTEC has been the subject of a number of other research reports. Stifel Nicolaus raised Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Friday, June 16th. They noted that the move was a valuation call. BidaskClub cut shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. B. Riley restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research note on Thursday, August 3rd. Finally, DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research note on Monday, September 18th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Rudolph Technologies has a consensus rating of “Hold” and an average price target of $27.67.

Rudolph Technologies (RTEC) traded up 0.38% during midday trading on Wednesday, reaching $26.30. The company had a trading volume of 74,694 shares. The stock’s 50 day moving average price is $23.16 and its 200-day moving average price is $23.53. The firm has a market capitalization of $829.50 million, a P/E ratio of 26.54 and a beta of 1.13. Rudolph Technologies has a one year low of $16.80 and a one year high of $27.30.

Rudolph Technologies (NYSE:RTEC) last issued 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 Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $67.40 million for the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts anticipate that Rudolph Technologies will post $1.17 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the stock. Alps Advisors Inc. lifted its holdings in Rudolph Technologies by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 22,118 shares of the scientific and technical instruments company’s stock worth $505,000 after buying an additional 57 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Rudolph Technologies by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the scientific and technical instruments company’s stock valued at $292,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Rudolph Technologies by 0.6% in the second quarter. Arizona State Retirement System now owns 16,424 shares of the scientific and technical instruments company’s stock valued at $375,000 after buying an additional 100 shares during the period. Wellington Management Group LLP increased its stake in shares of 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 valued at $607,000 after buying an additional 148 shares during the period. Finally, Texas Permanent School Fund raised its position in shares of Rudolph Technologies by 1.5% during the second quarter. Texas Permanent School Fund now owns 22,955 shares of the scientific and technical instruments company’s stock worth $525,000 after acquiring an additional 338 shares during the last quarter. 91.89% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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