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. “
Several other equities analysts also recently issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Rudolph Technologies from $16.00 to $19.00 and gave the company a buy rating in a report on Wednesday, July 27th. Dougherty & Co downgraded shares of Rudolph Technologies from a buy rating to a neutral rating in a report on Friday, July 29th. Finally, B. Riley reiterated a buy rating and issued a $19.50 price target on shares of Rudolph Technologies in a report on Wednesday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Rudolph Technologies has an average rating of Buy and an average target price of $18.50.
Rudolph Technologies (NYSE:RTEC) opened at 17.64 on Thursday. The stock has a market cap of $545.78 million, a P/E ratio of 17.66 and a beta of 1.23. Rudolph Technologies has a 12-month low of $11.17 and a 12-month high of $18.00. The stock has a 50 day moving average of $17.58 and a 200 day moving average of $15.48.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Rudolph Technologies had a net margin of 13.95% and a return on equity of 9.17%. The firm had revenue of $62.70 million for the quarter, compared to the consensus estimate of $60.27 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Rudolph Technologies will post $1.04 earnings per share for the current fiscal year.
In other news, Director Leo Berlinghieri sold 13,100 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $17.00, for a total transaction of $222,700.00. Following the sale, the director now owns 15,900 shares of the company’s stock, valued at approximately $270,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rajiv Roy acquired 2,500 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of $16.95 per share, for a total transaction of $42,375.00. Following the purchase, the vice president now directly owns 26,903 shares in the company, valued at $456,005.85. The disclosure for this purchase can be found here. Insiders own 4.60% of the company’s stock.
Large investors have recently modified their holdings of the company. US Bancorp DE raised its position in shares of Rudolph Technologies by 1.5% in the second quarter. US Bancorp DE now owns 9,075 shares of the company’s stock worth $141,000 after buying an additional 137 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Rudolph Technologies by 111.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,510 shares of the company’s stock worth $148,000 after buying an additional 5,020 shares during the period. Acrospire Investment Management LLC acquired a new position in shares of Rudolph Technologies during the first quarter worth about $151,000. Bowling Portfolio Management LLC acquired a new position in shares of Rudolph Technologies during the first quarter worth about $163,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Rudolph Technologies during the second quarter worth about $200,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.
Rudolph Technologies Company Profile
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The Company operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers.
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