Zacks Investment Research cut shares of Rudolph Technologies (NYSE:RTEC) from a hold rating to a sell rating in a research report released on Tuesday.
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 research firms also recently weighed in on RTEC. B. Riley initiated coverage on Rudolph Technologies in a report on Monday, September 11th. They issued a buy rating and a $30.00 price objective for the company. BidaskClub upgraded Rudolph Technologies from a hold rating to a buy rating in a research note on Thursday, September 21st. Credit Suisse Group lifted their target price on Rudolph Technologies from $23.00 to $24.00 and gave the company an underperform rating in a research note on Tuesday, October 31st. Finally, DA Davidson reiterated a buy rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Rudolph Technologies presently has a consensus rating of Hold and a consensus price target of $28.00.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The firm had revenue of $66.90 million during the quarter, compared to the consensus estimate of $66.25 million. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. sell-side analysts forecast that Rudolph Technologies will post 1.04 EPS for the current fiscal year.
In other Rudolph Technologies 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 value of $262,900.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Robert Alan Koch sold 3,500 shares of Rudolph Technologies stock in a transaction dated Monday, November 20th. The shares were 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. Insiders sold 19,500 shares of company stock worth $511,765 in the last quarter. 2.00% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of RTEC. Dalton Greiner Hartman Maher & Co. grew its stake in shares of Rudolph Technologies by 37.2% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 108,555 shares of the scientific and technical instruments company’s stock worth $2,594,000 after acquiring an additional 29,454 shares during the last quarter. Thomson Horstmann & Bryant Inc. grew its stake in shares of Rudolph Technologies by 103.5% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 327,100 shares of the scientific and technical instruments company’s stock worth $7,817,000 after acquiring an additional 166,337 shares during the last quarter. Kalos Management Inc. purchased a new stake in shares of Rudolph Technologies during the third quarter worth about $330,000. Granahan Investment Management Inc. MA grew its stake in shares of Rudolph Technologies by 4.3% during the third quarter. Granahan Investment Management Inc. MA now owns 294,878 shares of the scientific and technical instruments company’s stock worth $7,755,000 after acquiring an additional 12,154 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Rudolph Technologies during the third quarter worth about $139,000. 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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