Rudolph Technologies (NYSE:RTEC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
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 equities analysts also recently weighed in on the stock. ValuEngine downgraded shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Sidoti downgraded shares of Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Monday, June 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Rudolph Technologies currently has an average rating of “Hold” and a consensus price target of $32.50.
Shares of RTEC opened at $25.65 on Thursday. The company has a market cap of $869.29 million, a P/E ratio of 25.00, a PEG ratio of 1.67 and a beta of 0.85. Rudolph Technologies has a 1 year low of $22.00 and a 1 year high of $34.55.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $77.48 million for the quarter, compared to the consensus estimate of $77.80 million. Rudolph Technologies had a net margin of 16.71% and a return on equity of 14.01%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 earnings per share. research analysts forecast that Rudolph Technologies will post 1.63 EPS for the current fiscal year.
In other news, VP Richard B. Rogoff sold 3,768 shares of the stock in a transaction on Friday, August 10th. The shares were sold at an average price of $27.70, for a total value of $104,373.60. Following the completion of the sale, the vice president now owns 32,688 shares of the company’s stock, valued at $905,457.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in RTEC. Dupont Capital Management Corp acquired a new stake in shares of Rudolph Technologies in the first quarter worth $603,000. Prudential Financial Inc. increased its position in shares of Rudolph Technologies by 41.1% in the first quarter. Prudential Financial Inc. now owns 76,930 shares of the scientific and technical instruments company’s stock worth $2,131,000 after acquiring an additional 22,400 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Rudolph Technologies in the first quarter worth $948,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Rudolph Technologies in the first quarter worth $236,000. Finally, Aperio Group LLC increased its position in shares of Rudolph Technologies by 15.6% in the first quarter. Aperio Group LLC now owns 20,778 shares of the scientific and technical instruments company’s stock worth $576,000 after acquiring an additional 2,799 shares in the last quarter. 94.66% of the stock is owned by institutional investors.
Rudolph Technologies Company Profile
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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