Rudolph Technologies Inc (NYSE:RTEC) – Analysts at DA Davidson increased their FY2017 earnings per share (EPS) estimates for Rudolph Technologies in a report issued on Wednesday. DA Davidson analyst T. Diffely now expects that the scientific and technical instruments company will post earnings per share of $1.07 for the year, up from their previous forecast of $1.04. DA Davidson has a “Buy” rating and a $33.00 price objective on the stock. DA Davidson also issued estimates for Rudolph Technologies’ Q4 2017 earnings at $0.25 EPS, Q2 2018 earnings at $0.39 EPS and Q4 2018 earnings at $0.29 EPS.

RTEC has been the subject of several other research reports. BidaskClub lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Credit Suisse Group lifted their price objective on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research note on Tuesday, October 31st. Finally, B. Riley reiterated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.60.

Rudolph Technologies (RTEC) opened at $27.60 on Thursday. The stock has a market cap of $871.80, a P/E ratio of 22.26, a PEG ratio of 1.43 and a beta of 1.05. Rudolph Technologies has a 1 year low of $21.00 and a 1 year high of $28.10.

Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Rudolph Technologies by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock valued at $38,397,000 after purchasing an additional 97,588 shares in the last quarter. Renaissance Technologies LLC increased its stake in Rudolph Technologies by 15.5% during the 2nd quarter. Renaissance Technologies LLC now owns 706,633 shares of the scientific and technical instruments company’s stock valued at $16,147,000 after purchasing an additional 94,897 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Rudolph Technologies by 1.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 474,579 shares of the scientific and technical instruments company’s stock valued at $12,457,000 after purchasing an additional 8,602 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Rudolph Technologies by 6.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 455,628 shares of the scientific and technical instruments company’s stock valued at $11,981,000 after purchasing an additional 26,456 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Rudolph Technologies by 9.7% during the 2nd quarter. Northern Trust Corp now owns 416,768 shares of the scientific and technical instruments company’s stock valued at $9,524,000 after purchasing an additional 36,893 shares in the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.

In other Rudolph Technologies news, VP Robert Alan Koch sold 3,500 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Silveira Elvino M. Da sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $26.29, for a total transaction of $262,900.00. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $511,765 in the last quarter. 2.00% of the stock is currently owned by company insiders.

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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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