Rudolph Technologies Inc (NYSE:RTEC) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $32.00.

RTEC has been the subject of several research analyst reports. Sidoti lowered Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, June 4th. ValuEngine raised Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Finally, Zacks Investment Research lowered Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Thursday, August 9th.

Shares of RTEC stock traded down $0.05 during mid-day trading on Friday, hitting $24.40. The company’s stock had a trading volume of 300 shares, compared to its average volume of 256,519. Rudolph Technologies has a 52-week low of $23.05 and a 52-week high of $34.55. The stock has a market capitalization of $783.16 million, a P/E ratio of 23.51, a P/E/G ratio of 1.50 and a beta of 0.85.

Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings results on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.03. Rudolph Technologies had a return on equity of 14.01% and a net margin of 16.71%. The firm had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $77.80 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. analysts expect that Rudolph Technologies will post 1.63 EPS for the current year.

In related news, VP Richard B. Rogoff sold 3,768 shares of Rudolph Technologies stock in a transaction on Friday, August 10th. The stock was sold at an average price of $27.70, for a total value of $104,373.60. Following the completion of the sale, the vice president now owns 32,688 shares of the company’s stock, valued at $905,457.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc grew its holdings in Rudolph Technologies by 3.4% during the first quarter. Legal & General Group Plc now owns 59,063 shares of the scientific and technical instruments company’s stock valued at $1,628,000 after purchasing an additional 1,953 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Rudolph Technologies by 31.5% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 182,008 shares of the scientific and technical instruments company’s stock worth $5,041,000 after acquiring an additional 43,558 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Rudolph Technologies by 25.2% in the second quarter. Renaissance Technologies LLC now owns 1,114,836 shares of the scientific and technical instruments company’s stock worth $32,999,000 after acquiring an additional 224,536 shares during the period. Jane Street Group LLC bought a new position in shares of Rudolph Technologies in the first quarter worth about $271,000. Finally, Foundry Partners LLC boosted its stake in shares of Rudolph Technologies by 13.6% in the first quarter. Foundry Partners LLC now owns 285,971 shares of the scientific and technical instruments company’s stock worth $7,921,000 after acquiring an additional 34,258 shares during the period. 94.66% of the stock is owned by institutional investors and hedge funds.

Rudolph Technologies Company Profile

Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.

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Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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