Zacks Investment Research upgraded shares of Rudolph Technologies, Inc. (NYSE:RTEC) from a sell rating to a hold rating in a research report sent to investors on Wednesday, October 18th.
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. “
Several other equities analysts have also commented on the stock. B. Riley reiterated a buy rating and issued a $30.00 price target on shares of Rudolph Technologies in a research note on Thursday, September 21st. BidaskClub raised Rudolph Technologies from a hold rating to a buy rating in a report on Thursday, September 21st. Finally, DA Davidson reissued a buy rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $28.00.
Rudolph Technologies (NYSE:RTEC) traded up $0.45 during midday trading on Wednesday, reaching $26.75. 94,146 shares of the company’s stock were exchanged, compared to its average volume of 172,276. The company has a market cap of $830.74, a price-to-earnings ratio of 26.30, a PEG ratio of 1.86 and a beta of 1.08.
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. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The company had revenue of $66.90 million for the quarter, compared to analyst estimates of $66.25 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts anticipate that Rudolph Technologies will post 1.05 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. lifted its stake in Rudolph Technologies by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 22,118 shares of the scientific and technical instruments company’s stock worth $505,000 after acquiring an additional 57 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Rudolph Technologies by 0.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the scientific and technical instruments company’s stock valued at $292,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its position in shares of Rudolph Technologies by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,424 shares of the scientific and technical instruments company’s stock worth $375,000 after acquiring an additional 100 shares during the period. Wellington Management Group LLP lifted its position in shares of Rudolph Technologies by 0.5% in the 1st quarter. Wellington Management Group LLP now owns 27,097 shares of the scientific and technical instruments company’s stock worth $607,000 after acquiring an additional 148 shares during the period. Finally, Texas Permanent School Fund grew its stake in shares of Rudolph Technologies by 1.5% during the second quarter. Texas Permanent School Fund now owns 22,955 shares of the scientific and technical instruments company’s stock worth $525,000 after purchasing an additional 338 shares during the period. 92.22% of the stock is owned by institutional investors.
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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