Rudolph Technologies (RTEC) Raised to Hold at Zacks Investment Research

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

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. “

A number of other analysts have also recently weighed in on RTEC. Credit Suisse Group raised their price target on Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research note on Tuesday, October 31st. B. Riley restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research note on Tuesday, October 31st. DA Davidson restated a “buy” rating and issued a $33.00 price target on shares of Rudolph Technologies in a research note on Wednesday. Finally, BidaskClub cut Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.60.

Rudolph Technologies (NYSE:RTEC) traded up $0.15 during trading hours on Friday, reaching $28.00. The company had a trading volume of 177,689 shares, compared to its average volume of 168,578. The stock has a market capitalization of $879.70, a price-to-earnings ratio of 22.58, a PEG ratio of 1.56 and a beta of 1.05. Rudolph Technologies has a 52-week low of $21.00 and a 52-week high of $28.50.

Rudolph Technologies (NYSE:RTEC) last released its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. The firm had revenue of $66.90 million during the quarter, compared to analyst estimates of $66.25 million. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. Rudolph Technologies’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. equities research analysts expect that Rudolph Technologies will post 1.06 EPS for the current year.

In other news, VP Silveira Elvino M. Da sold 10,000 shares of Rudolph Technologies stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $26.29, for a total transaction of $262,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Robert Alan Koch sold 3,500 shares of Rudolph Technologies stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $26.31, for a total value of $92,085.00. 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 owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of RTEC. Schwab Charles Investment Management Inc. increased its position in shares of Rudolph Technologies by 30.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 181,823 shares of the scientific and technical instruments company’s stock worth $4,155,000 after purchasing an additional 42,612 shares in the last quarter. Legal & General Group Plc increased its position in shares of Rudolph Technologies by 8.7% during the second quarter. Legal & General Group Plc now owns 56,057 shares of the scientific and technical instruments company’s stock worth $1,282,000 after purchasing an additional 4,495 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Rudolph Technologies by 29.9% during the second quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock worth $216,000 after purchasing an additional 2,170 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Rudolph Technologies by 15.9% during the second quarter. Prudential Financial Inc. now owns 61,020 shares of the scientific and technical instruments company’s stock worth $1,394,000 after purchasing an additional 8,370 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Rudolph Technologies by 6.8% during the second quarter. Principal Financial Group Inc. now owns 253,978 shares of the scientific and technical instruments company’s stock worth $5,803,000 after purchasing an additional 16,212 shares in the last quarter. Institutional investors and hedge funds own 92.52% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Rudolph Technologies (RTEC) Raised to Hold at Zacks Investment Research” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/20/rudolph-technologies-rtec-raised-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Rudolph Technologies (RTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

Receive News & Ratings for Rudolph Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply