Rudolph Technologies, Inc. (NYSE:RTEC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
RTEC has been the subject of a number of other reports. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Monday. B. Riley restated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Thursday, August 3rd. Zacks Investment Research downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, June 16th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Rudolph Technologies presently has an average rating of “Buy” and a consensus price target of $27.67.
Rudolph Technologies (NYSE RTEC) traded down 0.21% during midday trading on Thursday, hitting $24.25. The stock had a trading volume of 235,921 shares. The company has a 50-day moving average of $22.35 and a 200-day moving average of $23.27. The stock has a market cap of $764.85 million, a price-to-earnings ratio of 24.47 and a beta of 1.12. Rudolph Technologies has a 1-year low of $16.80 and a 1-year high of $27.30.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $67.40 million during the quarter, compared to the consensus estimate of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. Equities research analysts forecast that Rudolph Technologies will post $1.17 EPS for the current year.
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A number of institutional investors have recently modified their holdings of RTEC. Renaissance Technologies LLC grew its holdings in Rudolph Technologies by 109.1% during the 1st quarter. Renaissance Technologies LLC now owns 611,736 shares of the scientific and technical instruments company’s stock worth $13,703,000 after acquiring an additional 319,136 shares during the period. Marshall Wace North America L.P. grew its holdings in Rudolph Technologies by 405.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 376,190 shares of the scientific and technical instruments company’s stock worth $8,652,000 after acquiring an additional 301,807 shares during the period. AQR Capital Management LLC grew its holdings in Rudolph Technologies by 112.5% during the 1st quarter. AQR Capital Management LLC now owns 567,047 shares of the scientific and technical instruments company’s stock worth $12,702,000 after acquiring an additional 300,169 shares during the period. Russell Investments Group Ltd. grew its holdings in Rudolph Technologies by 436.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 333,406 shares of the scientific and technical instruments company’s stock worth $7,619,000 after acquiring an additional 271,217 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Rudolph Technologies by 79.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 429,172 shares of the scientific and technical instruments company’s stock worth $9,807,000 after acquiring an additional 189,967 shares during the period. Hedge funds and other institutional investors own 91.89% of the company’s stock.
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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