Rudolph Technologies, Inc. (RTEC) Lowered to Sell at Zacks Investment Research
Rudolph Technologies, Inc. (NYSE:RTEC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.
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 topic of several other reports. BidaskClub upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. DA Davidson restated a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. 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 research note on Tuesday, October 31st. Finally, B. Riley restated a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Thursday, September 21st. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company. Rudolph Technologies currently has an average rating of “Hold” and a consensus target price of $28.00.
Rudolph Technologies (RTEC) opened at $26.75 on Tuesday. The stock has a market capitalization of $830.74, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 1.86 and a beta of 1.08.
Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. During the same period in the previous year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. equities analysts anticipate that Rudolph Technologies will post 1.05 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Rudolph Technologies by 2.9% during the 3rd quarter. Rhumbline Advisers now owns 67,092 shares of the scientific and technical instruments company’s stock valued at $1,765,000 after purchasing an additional 1,890 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Rudolph Technologies by 16.4% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 31,460 shares of the scientific and technical instruments company’s stock valued at $827,000 after purchasing an additional 4,430 shares during the last quarter. New York State Common Retirement Fund grew its stake in Rudolph Technologies by 44.5% during the 3rd quarter. New York State Common Retirement Fund now owns 67,866 shares of the scientific and technical instruments company’s stock valued at $1,785,000 after purchasing an additional 20,916 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Rudolph Technologies by 79.3% during the 3rd 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 last quarter. Finally, Smith Asset Management Group LP purchased a new stake in Rudolph Technologies during the 3rd quarter valued at about $1,893,000. Institutional investors and hedge funds own 92.22% 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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