Rudolph Technologies (NYSE:RTEC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage presently has a $29.00 target price on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 18.85% from the company’s current price.

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 equities research analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. B. Riley reissued a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday, October 31st. DA Davidson reissued a “buy” rating and issued a $33.00 price target on shares of Rudolph Technologies in a report on Wednesday, January 17th. Credit Suisse Group boosted their price target on shares of Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Finally, BidaskClub lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.67.

Shares of Rudolph Technologies (NYSE RTEC) opened at $24.40 on Friday. The company has a market cap of $770.72, a price-to-earnings ratio of 22.18, a P/E/G ratio of 1.66 and a beta of 1.13. Rudolph Technologies has a 1-year low of $21.00 and a 1-year high of $28.50.

Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.25 by $0.04. The company had revenue of $60.08 million during the quarter, compared to analyst estimates of $60.79 million. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. analysts anticipate that Rudolph Technologies will post 1.47 earnings per share for the current year.

In other news, VP Robert Alan Koch sold 3,500 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel H. Berry sold 6,000 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.13, for a total transaction of $156,780.00. Following the sale, the director now directly owns 24,200 shares of the company’s stock, valued at approximately $632,346. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Rudolph Technologies by 2.6% during the fourth quarter. BlackRock Inc. now owns 4,024,438 shares of the scientific and technical instruments company’s stock worth $96,184,000 after buying an additional 100,971 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Rudolph Technologies by 6.2% during the second quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock worth $38,397,000 after buying an additional 97,588 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Rudolph Technologies by 15.5% in the second quarter. Renaissance Technologies LLC now owns 706,633 shares of the scientific and technical instruments company’s stock valued at $16,147,000 after purchasing an additional 94,897 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of Rudolph Technologies by 1.8% in the third quarter. Eagle Asset Management Inc. now owns 474,579 shares of the scientific and technical instruments company’s stock valued at $12,457,000 after purchasing an additional 8,602 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Rudolph Technologies by 6.2% in the third quarter. Ameriprise Financial Inc. now owns 455,628 shares of the scientific and technical instruments company’s stock valued at $11,981,000 after purchasing an additional 26,456 shares during the period. 92.20% of the stock is owned by institutional investors and hedge funds.

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Rudolph Technologies Company Profile

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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