Rudolph Technologies (RTEC) Stock Rating Lowered by BidaskClub

Rudolph Technologies (NYSE:RTEC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday, November 10th.

Other research analysts also recently issued reports about the stock. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research note on Tuesday, August 8th. DA Davidson restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a research report on Monday, September 18th. Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Credit Suisse Group raised their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 31st. Two equities research 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. The stock currently has an average rating of “Hold” and an average price target of $28.00.

Shares of Rudolph Technologies (NYSE RTEC) traded down $1.15 during mid-day trading on Friday, hitting $24.80. 281,100 shares of the stock traded hands, compared to its average volume of 232,513. Rudolph Technologies has a fifty-two week low of $18.85 and a fifty-two week high of $28.10. The stock has a market capitalization of $838.63, a P/E ratio of 26.20, a PEG ratio of 1.85 and a beta of 1.08.

Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $66.25 million. During the same period in the prior year, the firm posted $0.29 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. sell-side analysts anticipate that Rudolph Technologies will post 1.05 earnings per share for the current fiscal year.

In other Rudolph Technologies news, VP Silveira Elvino M. Da sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were 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 this hyperlink. Also, VP Robert Alan Koch sold 3,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Rudolph Technologies by 6.2% in 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 buying an additional 97,588 shares during the period. State Street Corp boosted its holdings in shares of Rudolph Technologies by 19.9% in the first quarter. State Street Corp now owns 883,658 shares of the scientific and technical instruments company’s stock worth $19,793,000 after buying an additional 146,647 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Rudolph Technologies by 15.5% in 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 buying an additional 94,897 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Rudolph Technologies by 21.1% in the first quarter. Geode Capital Management LLC now owns 528,139 shares of the scientific and technical instruments company’s stock worth $11,830,000 after buying an additional 92,159 shares during the period. Finally, Eagle Asset Management Inc. boosted its holdings in shares of Rudolph Technologies by 1.8% in 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 buying an additional 8,602 shares during the period. Institutional investors own 92.77% of the company’s stock.

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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.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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