Rudolph Technologies (RTEC) Upgraded at Zacks Investment Research
Rudolph Technologies (NYSE:RTEC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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. “
Other research analysts have also issued reports about the company. Sidoti lowered Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.50.
Rudolph Technologies (NYSE:RTEC) last issued its 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 for the quarter, compared to analyst estimates of $77.80 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. analysts predict that Rudolph Technologies will post 1.63 EPS for the current fiscal year.
In related news, VP Richard B. Rogoff sold 3,768 shares of Rudolph Technologies stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $27.70, for a total transaction of $104,373.60. Following the transaction, the vice president now directly owns 32,688 shares of the company’s stock, valued at $905,457.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in RTEC. Legal & General Group Plc boosted its position in shares of Rudolph Technologies by 3.4% in the 1st 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 position in shares of Rudolph Technologies by 31.5% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 182,008 shares of the scientific and technical instruments company’s stock valued at $5,041,000 after purchasing an additional 43,558 shares during the period. Renaissance Technologies LLC boosted its position in shares of Rudolph Technologies by 25.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,114,836 shares of the scientific and technical instruments company’s stock valued at $32,999,000 after purchasing an additional 224,536 shares during the period. Jane Street Group LLC acquired a new position in shares of Rudolph Technologies in the 1st quarter valued at $271,000. Finally, Foundry Partners LLC boosted its position in shares of Rudolph Technologies by 13.6% in the 1st quarter. Foundry Partners LLC now owns 285,971 shares of the scientific and technical instruments company’s stock valued at $7,921,000 after purchasing an additional 34,258 shares during the period. 94.66% of the stock is currently owned by hedge funds and other institutional investors.
About Rudolph Technologies
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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