Rudolph Technologies, Inc. (NYSE:RTEC) had its price target lifted by Credit Suisse Group from $23.00 to $24.00 in a report issued on Tuesday. Credit Suisse Group currently has an underperform rating on the scientific and technical instruments company’s stock.

RTEC has been the subject of several other research reports. BidaskClub cut shares of Rudolph Technologies from a hold rating to a sell rating in a research note on Thursday, July 6th. Zacks Investment Research cut shares of Rudolph Technologies from a hold rating to a sell rating in a research note on Wednesday, October 4th. DA Davidson restated a buy rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Finally, B. Riley restated a buy rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $28.00.

Shares of Rudolph Technologies (NYSE RTEC) opened at $26.30 on Tuesday. The stock has a market cap of $848.11 million, a P/E ratio of 26.85, a P/E/G ratio of 1.90 and a beta of 1.08.

Rudolph Technologies (NYSE:RTEC) last released its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The company had revenue of $66.90 million during the quarter, compared to analysts’ expectations of $66.25 million. During the same quarter last year, the business earned $0.29 EPS. The business’s revenue was up 8.6% on a year-over-year basis. research analysts anticipate that Rudolph Technologies will post 1.05 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its stake in shares of Rudolph Technologies by 79.3% in the third quarter. BNP Paribas Arbitrage SA now owns 16,914 shares of the scientific and technical instruments company’s stock valued at $445,000 after purchasing an additional 7,481 shares during the period. Smith Asset Management Group LP acquired a new stake in shares of Rudolph Technologies in the third quarter valued at about $1,893,000. IndexIQ Advisors LLC lifted its stake in shares of Rudolph Technologies by 83.1% in the third quarter. IndexIQ Advisors LLC now owns 38,695 shares of the scientific and technical instruments company’s stock valued at $1,018,000 after purchasing an additional 17,561 shares during the period. American Century Companies Inc. lifted its stake in shares of Rudolph Technologies by 4.2% in the third quarter. American Century Companies Inc. now owns 223,046 shares of the scientific and technical instruments company’s stock valued at $5,866,000 after purchasing an additional 8,936 shares during the period. Finally, Stevens Capital Management LP lifted its stake in shares of Rudolph Technologies by 35.0% in the third quarter. Stevens Capital Management LP now owns 17,349 shares of the scientific and technical instruments company’s stock valued at $456,000 after purchasing an additional 4,497 shares during the period. Hedge funds and other institutional investors own 92.41% of the company’s stock.

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.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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