Rudolph Technologies (NYSE:RTEC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday, September 12th.
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 reports about the company. Sidoti lowered Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, June 4th. ValuEngine lowered Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.33.
RTEC traded down $0.85 during trading on Wednesday, reaching $19.67. The company had a trading volume of 947,923 shares, compared to its average volume of 230,687. Rudolph Technologies has a 12-month low of $19.36 and a 12-month high of $34.55. The stock has a market capitalization of $779.97 million, a P/E ratio of 18.91, a P/E/G ratio of 1.50 and a beta of 0.84.
Rudolph Technologies (NYSE:RTEC) last released its earnings results on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.03. The company had revenue of $77.48 million for the quarter, compared to analysts’ expectations of $77.80 million. Rudolph Technologies had a return on equity of 14.01% and a net margin of 16.71%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. Equities analysts anticipate that Rudolph Technologies will post 1.63 EPS for the current year.
In other Rudolph Technologies news, VP Richard B. Rogoff sold 3,768 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $27.70, for a total value of $104,373.60. Following the sale, the vice president now directly owns 32,688 shares in the company, valued at $905,457.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of RTEC. BlackRock Inc. lifted its stake in shares of Rudolph Technologies by 10.1% during the second quarter. BlackRock Inc. now owns 4,538,304 shares of the scientific and technical instruments company’s stock valued at $134,335,000 after acquiring an additional 414,776 shares during the period. Systematic Financial Management LP lifted its stake in shares of Rudolph Technologies by 1,635.6% during the first quarter. Systematic Financial Management LP now owns 355,389 shares of the scientific and technical instruments company’s stock valued at $9,844,000 after acquiring an additional 334,912 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Rudolph Technologies by 2,815.8% during the second quarter. WINTON GROUP Ltd now owns 322,657 shares of the scientific and technical instruments company’s stock valued at $9,551,000 after acquiring an additional 311,591 shares during the period. TD Asset Management Inc. acquired a new position in Rudolph Technologies in the second quarter valued at about $7,385,000. Finally, Renaissance Technologies LLC lifted its stake in Rudolph Technologies by 25.2% in the second quarter. Renaissance Technologies LLC now owns 1,114,836 shares of the scientific and technical instruments company’s stock valued at $32,999,000 after buying an additional 224,536 shares during the period. 94.66% of the stock is currently owned by institutional investors and hedge funds.
About Rudolph Technologies
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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