Somewhat Favorable News Coverage Somewhat Unlikely to Impact Rudolph Technologies (NYSE:RTEC) Share Price

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Headlines about Rudolph Technologies (NYSE:RTEC) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rudolph Technologies earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news headlines about the scientific and technical instruments company an impact score of 46.0618072165679 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

A number of analysts recently issued reports on RTEC shares. Zacks Investment Research upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Sidoti cut Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Monday, June 4th. Finally, ValuEngine cut Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.50.

Shares of RTEC traded up $0.40 during midday trading on Friday, reaching $24.70. The stock had a trading volume of 227,717 shares, compared to its average volume of 231,815. The stock has a market capitalization of $778.38 million, a P/E ratio of 16.27, a PEG ratio of 1.49 and a beta of 0.85. Rudolph Technologies has a 12-month low of $23.05 and a 12-month high of $34.55.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $77.80 million. Rudolph Technologies had a return on equity of 14.01% and a net margin of 16.71%. Rudolph Technologies’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 EPS. research analysts expect that Rudolph Technologies will post 1.63 EPS for the current fiscal year.

In other Rudolph Technologies news, VP Richard B. Rogoff sold 3,768 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $27.70, for a total transaction of $104,373.60. Following the completion of the transaction, the vice president now owns 32,688 shares of the company’s stock, valued at approximately $905,457.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

About Rudolph Technologies

Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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Insider Buying and Selling by Quarter for Rudolph Technologies (NYSE:RTEC)

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