Zacks Investment Research Lowers Rudolph Technologies (RTEC) to Sell

Zacks Investment Research downgraded shares of Rudolph Technologies (NYSE:RTEC) from a hold rating to a sell rating in a research report sent to investors on Tuesday 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. “

Several other analysts also recently weighed in on the company. BidaskClub downgraded Rudolph Technologies from a buy rating to a hold rating in a research note on Friday, November 10th. Credit Suisse Group lifted their target price on Rudolph Technologies from $23.00 to $24.00 and gave the company an underperform rating in a research note on Tuesday, October 31st. B. Riley reaffirmed a buy rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Tuesday, October 31st. Finally, DA Davidson reaffirmed a buy rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $28.00.

Shares of Rudolph Technologies (NYSE:RTEC) traded down $0.35 on Tuesday, hitting $24.10. The stock had a trading volume of 150,046 shares, compared to its average volume of 131,871. Rudolph Technologies has a one year low of $21.00 and a one year high of $28.10. The firm has a market cap of $772.30, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 1.48 and a beta of 1.05.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. The business had revenue of $66.90 million during the quarter, compared to analyst estimates of $66.25 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. research analysts anticipate that Rudolph Technologies will post 1.04 earnings per share for the current fiscal year.

In other news, Director Daniel H. Berry sold 6,000 shares of the business’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 $632,346. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Silveira Elvino M. Da sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total value of $262,900.00. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $511,765 in the last three months. Company insiders own 2.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in RTEC. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Rudolph Technologies during the third quarter worth $139,000. Victory Capital Management Inc. raised its position in shares of Rudolph Technologies by 17.6% during the second quarter. Victory Capital Management Inc. now owns 9,387 shares of the scientific and technical instruments company’s stock worth $214,000 after purchasing an additional 1,408 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Rudolph Technologies by 29.9% during the second quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock worth $216,000 after purchasing an additional 2,170 shares during the period. SG Americas Securities LLC raised its position in shares of Rudolph Technologies by 37.4% during the third quarter. SG Americas Securities LLC now owns 10,459 shares of the scientific and technical instruments company’s stock worth $275,000 after purchasing an additional 2,848 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Rudolph Technologies during the third quarter worth $292,000. 92.52% of the stock is currently owned by institutional investors.

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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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