Zacks Investment Research upgraded shares of Rudolph Technologies (NYSE:RTEC) from a sell rating to a hold rating in a research note issued to investors on Friday morning, Zacks.com reports.

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 a number of other reports. Dougherty & Co downgraded Rudolph Technologies from a buy rating to a neutral rating in a research note on Wednesday, July 31st. ValuEngine downgraded Rudolph Technologies from a buy rating to a hold rating in a research note on Tuesday, August 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $32.25.

Shares of RTEC opened at $23.14 on Friday. The company has a market capitalization of $701.66 million, a PE ratio of 16.30, a PEG ratio of 2.14 and a beta of 0.99. Rudolph Technologies has a 12 month low of $18.13 and a 12 month high of $29.57. The stock’s 50-day moving average price is $26.52 and its two-hundred day moving average price is $24.27. The company has a current ratio of 8.07, a quick ratio of 5.70 and a debt-to-equity ratio of 0.03.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. The company had revenue of $61.51 million for the quarter, compared to the consensus estimate of $62.56 million. Rudolph Technologies had a return on equity of 8.44% and a net margin of 11.55%. The firm’s revenue was down 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. Equities research analysts predict that Rudolph Technologies will post 1.05 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its position in Rudolph Technologies by 138.8% in the fourth quarter. Bank of America Corp DE now owns 42,421 shares of the scientific and technical instruments company’s stock worth $868,000 after acquiring an additional 24,654 shares in the last quarter. Boston Advisors LLC purchased a new position in Rudolph Technologies in the 1st quarter worth about $1,834,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in Rudolph Technologies by 6.8% in the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,065 shares of the scientific and technical instruments company’s stock worth $321,000 after purchasing an additional 890 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Rudolph Technologies by 2,950.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,559 shares of the scientific and technical instruments company’s stock worth $150,000 after purchasing an additional 6,344 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Rudolph Technologies by 529.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,183 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 995 shares in the last quarter. 94.06% of the stock is currently owned by institutional investors and hedge funds.

About Rudolph Technologies

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

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