Rudolph Technologies (RTEC) Rating Reiterated by DA Davidson

DA Davidson reaffirmed their buy rating on shares of Rudolph Technologies (NYSE:RTEC) in a report issued on Wednesday morning. DA Davidson currently has a $33.00 price objective on the scientific and technical instruments company’s stock. DA Davidson also issued estimates for Rudolph Technologies’ Q4 2017 earnings at $0.25 EPS, FY2017 earnings at $1.07 EPS, Q1 2018 earnings at $0.34 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.37 EPS, Q4 2018 earnings at $0.29 EPS and FY2018 earnings at $1.40 EPS.

Other equities analysts have also recently issued research reports about the stock. B. Riley reissued a buy rating and issued a $30.00 target price on shares of Rudolph Technologies in a report on Thursday, September 21st. BidaskClub raised shares of Rudolph Technologies from a hold rating to a buy rating in a report on Thursday, September 21st. Zacks Investment Research raised shares of Rudolph Technologies from a sell rating to a hold rating in a report on Wednesday, October 18th. Finally, Credit Suisse Group raised their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $28.60.

Rudolph Technologies (NYSE:RTEC) opened at $28.00 on Wednesday. The company has a market capitalization of $884.44, a PE ratio of 28.00, a P/E/G ratio of 1.57 and a beta of 1.05. Rudolph Technologies has a 52 week low of $21.00 and a 52 week high of $28.50.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The firm had revenue of $66.90 million for the quarter, compared to analysts’ expectations of $66.25 million. During the same quarter last year, the company posted $0.29 earnings per share. Rudolph Technologies’s revenue was up 8.6% on a year-over-year basis. research analysts expect that Rudolph Technologies will post 1.06 EPS for the current fiscal year.

In other news, VP Robert Alan Koch sold 3,500 shares of Rudolph Technologies stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.31, for a total transaction of $92,085.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Daniel H. Berry sold 6,000 shares of Rudolph Technologies stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $26.13, for a total value of $156,780.00. Following the sale, the director now directly owns 24,200 shares in the company, valued at approximately $632,346. The disclosure for this sale can be found here. Insiders sold 19,500 shares of company stock worth $511,765 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of Rudolph Technologies by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 24,202 shares of the scientific and technical instruments company’s stock valued at $554,000 after buying an additional 983 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Rudolph Technologies by 1.6% during the second quarter. California Public Employees Retirement System now owns 80,100 shares of the scientific and technical instruments company’s stock valued at $1,830,000 after buying an additional 1,300 shares during the last quarter. Victory Capital Management Inc. raised its holdings 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 valued at $214,000 after buying an additional 1,408 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Rudolph Technologies by 2.9% during the third quarter. Rhumbline Advisers now owns 67,092 shares of the scientific and technical instruments company’s stock valued at $1,765,000 after buying an additional 1,890 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings 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 valued at $216,000 after buying an additional 2,170 shares during the last quarter. 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.

Analyst Recommendations for Rudolph Technologies (NYSE:RTEC)

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