Rudolph Technologies Inc (NYSE:RTEC) – Stock analysts at DA Davidson boosted their Q1 2018 earnings per share estimates for Rudolph Technologies in a research report issued to clients and investors on Wednesday. DA Davidson analyst T. Diffely now anticipates that the scientific and technical instruments company will earn $0.34 per share for the quarter, up from their previous estimate of $0.25. DA Davidson has a “Buy” rating and a $33.00 price target on the stock. DA Davidson also issued estimates for Rudolph Technologies’ Q3 2018 earnings at $0.37 EPS and FY2018 earnings at $1.40 EPS.
Other equities research analysts have also recently issued reports about the stock. B. Riley reissued a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research report on Thursday, September 21st. Zacks Investment Research raised shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. BidaskClub raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Finally, Credit Suisse Group boosted their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Rudolph Technologies presently has an average rating of “Hold” and a consensus target price of $28.60.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The firm had revenue of $66.90 million during the quarter, compared to analysts’ expectations of $66.25 million. During the same period in the previous year, the company earned $0.29 earnings per share. Rudolph Technologies’s quarterly revenue was up 8.6% compared to the same quarter last year.
In other Rudolph Technologies news, VP Robert Alan Koch sold 3,500 shares of Rudolph Technologies stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.31, for a total value of $92,085.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Silveira Elvino M. Da sold 10,000 shares of Rudolph Technologies 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. Over the last 90 days, insiders sold 19,500 shares of company stock worth $511,765. 2.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of RTEC. Vanguard Group Inc. increased its stake in shares of Rudolph Technologies by 6.2% during the second quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock worth $38,397,000 after acquiring an additional 97,588 shares during the period. Renaissance Technologies LLC increased its stake in shares of Rudolph Technologies by 15.5% during the second quarter. Renaissance Technologies LLC now owns 706,633 shares of the scientific and technical instruments company’s stock worth $16,147,000 after acquiring an additional 94,897 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Rudolph Technologies by 1.8% during the third quarter. Eagle Asset Management Inc. now owns 474,579 shares of the scientific and technical instruments company’s stock worth $12,457,000 after acquiring an additional 8,602 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Rudolph Technologies by 6.2% during the third quarter. Ameriprise Financial Inc. now owns 455,628 shares of the scientific and technical instruments company’s stock worth $11,981,000 after acquiring an additional 26,456 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Rudolph Technologies by 9.7% during the second quarter. Northern Trust Corp now owns 416,768 shares of the scientific and technical instruments company’s stock worth $9,524,000 after acquiring an additional 36,893 shares during the period. Institutional investors own 92.52% 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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