Rudolph Technologies Inc. (NYSE:RTEC) Receives Average Recommendation of “Buy” from Brokerages
Shares of Rudolph Technologies Inc. (NYSE:RTEC) have been given an average rating of “Buy” by the six research firms that are covering the firm. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $19.17.
A number of equities analysts have weighed in on RTEC shares. Zacks Investment Research lowered shares of Rudolph Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus lifted their price target on shares of Rudolph Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. Dougherty & Co lowered shares of Rudolph Technologies from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. Finally, B. Riley restated a “buy” rating and set a $19.50 target price on shares of Rudolph Technologies in a report on Wednesday, August 3rd.
Rudolph Technologies (NYSE:RTEC) traded down 0.56% during trading on Monday, reaching $17.64. The company had a trading volume of 72,201 shares. The stock has a 50 day moving average price of $17.54 and a 200-day moving average price of $15.39. Rudolph Technologies has a 52-week low of $11.17 and a 52-week high of $18.00. The company has a market capitalization of $545.78 million, a PE ratio of 17.66 and a beta of 1.23.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.07. The company had revenue of $62.70 million for the quarter, compared to analyst estimates of $60.27 million. Rudolph Technologies had a net margin of 13.95% and a return on equity of 9.17%. Rudolph Technologies’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. On average, equities research analysts anticipate that Rudolph Technologies will post $1.04 earnings per share for the current fiscal year.
In other Rudolph Technologies news, insider Steven R. Roth sold 15,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $17.00, for a total value of $255,000.00. Following the transaction, the insider now owns 76,207 shares in the company, valued at approximately $1,295,519. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John R. Whitten sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $17.24, for a total transaction of $129,300.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at approximately $689,600. The disclosure for this sale can be found here. 4.60% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. US Bancorp DE increased its stake in Rudolph Technologies by 1.5% in the second quarter. US Bancorp DE now owns 9,075 shares of the company’s stock valued at $141,000 after buying an additional 137 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Rudolph Technologies by 111.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,510 shares of the company’s stock valued at $148,000 after buying an additional 5,020 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in Rudolph Technologies during the first quarter valued at $151,000. Alliancebernstein L.P. bought a new stake in Rudolph Technologies during the second quarter valued at $200,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Rudolph Technologies during the second quarter valued at $210,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.
Rudolph Technologies Company Profile
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The Company operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers.
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