Rudolph Technologies, Inc. (RTEC) Receives $23.50 Consensus Target Price from Brokerages
Shares of Rudolph Technologies, Inc. (NYSE:RTEC) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $23.50.
Several brokerages recently issued reports on RTEC. B. Riley restated a “buy” rating and set a $28.00 target price on shares of Rudolph Technologies in a research report on Wednesday, February 8th. DA Davidson restated a “buy” rating on shares of Rudolph Technologies in a research report on Tuesday, November 8th. Zacks Investment Research upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Saturday, February 4th. Credit Suisse Group lowered shares of Rudolph Technologies from an “outperform” rating to a “neutral” rating in a research report on Monday, January 9th. Finally, Stifel Nicolaus lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Tuesday, November 22nd. They noted that the move was a valuation call.
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Rudolph Technologies (NYSE:RTEC) opened at 21.80 on Tuesday. Rudolph Technologies has a 12 month low of $11.41 and a 12 month high of $24.90. The stock has a market cap of $677.63 million, a PE ratio of 18.79 and a beta of 1.31. The company has a 50-day moving average of $22.77 and a 200-day moving average of $19.64.
Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Thursday, February 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. The company earned $54.10 million during the quarter, compared to analyst estimates of $54.17 million. Rudolph Technologies had a net margin of 15.87% and a return on equity of 9.44%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.16 earnings per share. On average, equities analysts forecast that Rudolph Technologies will post $1.12 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new position in Rudolph Technologies during the third quarter worth $100,000. Acrospire Investment Management LLC purchased a new position in Rudolph Technologies during the third quarter worth $120,000. Municipal Employees Retirement System of Michigan raised its position in Rudolph Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,850 shares of the company’s stock worth $122,000 after buying an additional 110 shares during the last quarter. Strs Ohio purchased a new position in Rudolph Technologies during the third quarter worth $168,000. Finally, Teza Capital Management LLC purchased a new position in Rudolph Technologies during the fourth quarter worth $224,000. Institutional investors and hedge funds own 97.70% 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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