Rudolph Technologies (NYSE:RTEC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Saturday.

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. “

RTEC has been the subject of a number of other research reports. BidaskClub cut Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Credit Suisse Group boosted their target price on Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a report on Tuesday, October 31st. Finally, DA Davidson reiterated a “buy” rating and set a $33.00 target price on shares of Rudolph Technologies in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $28.60.

Shares of Rudolph Technologies (RTEC) opened at $28.00 on Friday. The company has a market capitalization of $879.70, a PE ratio of 22.58, a price-to-earnings-growth ratio of 1.56 and a beta of 1.05. Rudolph Technologies has a fifty-two week low of $21.00 and a fifty-two week high of $28.50.

Rudolph Technologies (NYSE:RTEC) last issued its 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 return on equity of 10.49% and a net margin of 15.99%. The business had revenue of $66.90 million during the quarter, compared to analysts’ expectations of $66.25 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. analysts forecast that Rudolph Technologies will post 1.06 earnings per share for the current year.

In related news, VP Robert Alan Koch sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.31, for a total transaction of $92,085.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Silveira Elvino M. Da sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total value of $262,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,500 shares of company stock valued at $511,765 in the last quarter. Company insiders own 2.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in RTEC. Cornerstone Capital Management Holdings LLC. acquired a new position in Rudolph Technologies during the 3rd quarter worth approximately $139,000. BNP Paribas Arbitrage SA lifted its position in Rudolph Technologies by 29.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock worth $216,000 after acquiring an additional 2,170 shares in the last quarter. SG Americas Securities LLC lifted its position in Rudolph Technologies by 37.4% during the 3rd quarter. SG Americas Securities LLC now owns 10,459 shares of the scientific and technical instruments company’s stock worth $275,000 after acquiring an additional 2,848 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Rudolph Technologies during the 3rd quarter worth approximately $292,000. Finally, Stevens Capital Management LP acquired a new position in Rudolph Technologies during the 2nd quarter worth approximately $294,000. 92.52% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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