Rudolph Technologies, Inc. (RTEC) Director Sells $156,780.00 in Stock
Rudolph Technologies, Inc. (NYSE:RTEC) Director Daniel H. Berry sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $26.13, for a total transaction of $156,780.00. Following the sale, the director now directly owns 24,200 shares of the company’s stock, valued at $632,346. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Rudolph Technologies, Inc. (RTEC) opened at $24.00 on Friday. Rudolph Technologies, Inc. has a 1-year low of $18.85 and a 1-year high of $28.10. The stock has a market cap of $758.09, a P/E ratio of 24.00, a PEG ratio of 1.70 and a beta of 1.04.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $66.90 million for the quarter, compared to analyst estimates of $66.25 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. equities research analysts forecast that Rudolph Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.
Several research firms recently commented on RTEC. B. Riley reissued a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Saturday, September 16th. Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. DA Davidson restated a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a report on Monday, September 18th. BidaskClub upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Credit Suisse Group boosted their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Rudolph Technologies currently has an average rating of “Hold” and an average target price of $28.00.
Several hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its stake in Rudolph Technologies by 78.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,615 shares of the scientific and technical instruments company’s stock valued at $311,000 after buying an additional 5,966 shares during the period. Goldman Sachs Group Inc. increased its stake in Rudolph Technologies by 94.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 233,761 shares of the scientific and technical instruments company’s stock valued at $5,341,000 after buying an additional 113,320 shares during the period. Cigna Investments Inc. New acquired a new position in Rudolph Technologies in the 2nd quarter valued at approximately $266,000. Vanguard Group Inc. increased its stake in Rudolph Technologies by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock valued at $38,397,000 after buying an additional 97,588 shares during the period. Finally, Marshall Wace North America L.P. increased its stake in Rudolph Technologies by 405.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 376,190 shares of the scientific and technical instruments company’s stock valued at $8,652,000 after buying an additional 301,807 shares during the period. Institutional investors and hedge funds own 92.77% of the company’s stock.
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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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