Zacks Investment Research upgraded shares of Rudolph Technologies (NYSE:RTEC) from a strong sell rating to a hold rating in a research report released on Wednesday morning.

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. “

A number of other research firms also recently weighed in on RTEC. ValuEngine raised Rudolph Technologies from a strong sell rating to a sell rating in a report on Thursday, November 1st. B. Riley decreased their price objective on Rudolph Technologies from $36.00 to $30.00 and set a buy rating on the stock in a report on Thursday, October 4th. Stifel Nicolaus cut their target price on shares of Rudolph Technologies from $35.00 to $30.00 and set a buy rating for the company in a research note on Thursday, October 4th. Finally, Sidoti upgraded shares of Rudolph Technologies from a neutral rating to a buy rating and set a $36.00 target price for the company in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $32.80.

NYSE RTEC opened at $19.65 on Wednesday. The company has a market cap of $647.90 million, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.46 and a beta of 1.06. Rudolph Technologies has a 1-year low of $19.05 and a 1-year high of $34.55.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $60.43 million for the quarter, compared to the consensus estimate of $60.74 million. Rudolph Technologies had a return on equity of 13.13% and a net margin of 13.36%. The company’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. Equities research analysts predict that Rudolph Technologies will post 1.39 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. raised its stake in shares of Rudolph Technologies by 102.1% in the second quarter. Macquarie Group Ltd. now owns 3,959 shares of the scientific and technical instruments company’s stock valued at $117,000 after acquiring an additional 2,000 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Rudolph Technologies by 495.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,320 shares of the scientific and technical instruments company’s stock worth $128,000 after purchasing an additional 3,594 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Rudolph Technologies in the 2nd quarter worth approximately $219,000. Sei Investments Co. raised its position in Rudolph Technologies by 399.0% in the 2nd quarter. Sei Investments Co. now owns 7,565 shares of the scientific and technical instruments company’s stock worth $224,000 after purchasing an additional 6,049 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Rudolph Technologies in the 2nd quarter worth approximately $249,000. Institutional investors own 93.06% of the company’s stock.

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.

Recommended Story: Marijuana Stocks

Get a free copy of the Zacks research report on Rudolph Technologies (RTEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rudolph Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies and related companies with MarketBeat.com's FREE daily email newsletter.