Rudolph Technologies Inc (RTEC) Receives Average Rating of “Buy” from Brokerages

Rudolph Technologies Inc (NYSE:RTEC) has been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $29.80.

RTEC has been the topic of several research analyst reports. Zacks Investment Research upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Sidoti began coverage on Rudolph Technologies in a report on Friday, March 16th. They issued a “neutral” rating on the stock. DA Davidson reiterated a “buy” rating and issued a $33.00 price target on shares of Rudolph Technologies in a report on Wednesday, January 17th. B. Riley increased their price target on Rudolph Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus increased their price target on Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd.

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Shares of Rudolph Technologies stock traded down $0.75 on Friday, hitting $27.40. 150,036 shares of the company’s stock traded hands, compared to its average volume of 221,918. Rudolph Technologies has a one year low of $21.00 and a one year high of $30.85. The firm has a market cap of $889.77, a price-to-earnings ratio of 26.35, a PEG ratio of 1.91 and a beta of 1.02.

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

In other Rudolph Technologies news, insider Steven R. Roth sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.01, for a total value of $468,180.00. Following the transaction, the insider now owns 74,073 shares in the company, valued at $1,926,638.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Steven D. Gardner sold 6,000 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $25.21, for a total value of $151,260.00. Following the completion of the transaction, the vice president now owns 37,102 shares in the company, valued at approximately $935,341.42. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in RTEC. Rhumbline Advisers raised its stake in shares of Rudolph Technologies by 2.9% in the third quarter. Rhumbline Advisers now owns 67,092 shares of the scientific and technical instruments company’s stock worth $1,765,000 after purchasing an additional 1,890 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Rudolph Technologies by 37.4% in 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 last quarter. LS Investment Advisors LLC raised its stake in shares of Rudolph Technologies by 68.4% in the fourth quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock worth $205,000 after purchasing an additional 3,492 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of Rudolph Technologies by 1.4% in the fourth quarter. Two Sigma Advisers LP now owns 258,850 shares of the scientific and technical instruments company’s stock worth $6,187,000 after purchasing an additional 3,538 shares during the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Rudolph Technologies by 3.4% in the third quarter. Nationwide Fund Advisors now owns 124,897 shares of the scientific and technical instruments company’s stock worth $3,285,000 after purchasing an additional 4,125 shares during the last quarter. Institutional investors and hedge funds own 91.25% of the company’s stock.

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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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