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 have also issued reports on RTEC. B. Riley restated a buy rating and issued a $17.00 price objective on shares of Rudolph Technologies in a research note on Monday, July 4th. Dougherty & Co lowered Rudolph Technologies from a buy rating to a neutral rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus upped their price objective on Rudolph Technologies from $16.00 to $19.00 and gave the company a buy rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Rudolph Technologies has a consensus rating of Buy and an average price target of $18.50.
Shares of Rudolph Technologies (NYSE:RTEC) opened at 17.75 on Thursday. Rudolph Technologies has a one year low of $11.17 and a one year high of $18.00. The firm has a market capitalization of $549.19 million, a price-to-earnings ratio of 17.77 and a beta of 1.23. The stock’s 50 day moving average price is $17.56 and its 200 day moving average price is $15.45.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.07. The firm had revenue of $62.70 million for the quarter, compared to analyst estimates of $60.27 million. Rudolph Technologies had a return on equity of 9.17% and a net margin of 13.95%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share. Analysts expect that Rudolph Technologies will post $1.04 EPS for the current fiscal year.
In related news, VP Rajiv Roy acquired 2,500 shares of the stock in a transaction on Thursday, August 4th. The shares were purchased at an average price 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Steven R. Roth sold 15,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $17.00, for a total value of $255,000.00. Following the transaction, the insider now owns 76,207 shares in the company, valued at approximately $1,295,519. The disclosure for this sale can be found here. Insiders own 4.60% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. WCM Investment Management CA bought a new position in Rudolph Technologies during the second quarter worth approximately $4,391,000. Chartwell Investment Partners LLC bought a new position in Rudolph Technologies during the second quarter worth approximately $3,590,000. LSV Asset Management raised its position in Rudolph Technologies by 146.8% in the second quarter. LSV Asset Management now owns 263,392 shares of the company’s stock worth $4,090,000 after buying an additional 156,655 shares during the period. Palisade Capital Management LLC NJ raised its position in Rudolph Technologies by 11.2% in the first quarter. Palisade Capital Management LLC NJ now owns 722,940 shares of the company’s stock worth $9,875,000 after buying an additional 72,991 shares during the period. Finally, American Century Companies Inc. bought a new position in Rudolph Technologies during the second quarter worth approximately $974,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.
About Rudolph Technologies
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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