Rudolph Technologies, Inc. (RTEC) Given “Buy” Rating at DA Davidson

DA Davidson reissued their buy rating on shares of Rudolph Technologies, Inc. (NYSE:RTEC) in a research note published on Monday morning. DA Davidson currently has a $30.00 price objective on the scientific and technical instruments company’s stock.

Other equities analysts have also recently issued reports about the company. B. Riley reiterated a buy rating and set a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday, August 8th. Stifel Nicolaus upgraded Rudolph Technologies from a hold rating to a buy rating and set a $29.00 price target for the company in a report on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research cut Rudolph Technologies from a buy rating to a hold rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded Rudolph Technologies from a sell rating to a hold rating in a report on Wednesday, July 12th. One research analyst has 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 presently has an average rating of Hold and a consensus price target of $27.67.

Rudolph Technologies (RTEC) opened at 24.30 on Monday. The company has a 50 day moving average of $22.36 and a 200-day moving average of $23.25. Rudolph Technologies has a 12-month low of $16.80 and a 12-month high of $27.30. The stock has a market capitalization of $766.42 million, a price-to-earnings ratio of 24.52 and a beta of 1.12.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The company had revenue of $67.40 million during the quarter, compared to analysts’ expectations of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. On average, equities research analysts forecast that Rudolph Technologies will post $1.17 earnings per share for the current year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue lifted its stake in Rudolph Technologies by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock worth $141,000 after acquiring an additional 2,760 shares in the last quarter. Mason Street Advisors LLC raised its position in Rudolph Technologies by 7.8% in the 1st quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock valued at $164,000 after purchasing an additional 527 shares in the last quarter. Acadian Asset Management LLC raised its position in Rudolph Technologies by 533.0% in the 2nd quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock valued at $177,000 after purchasing an additional 6,524 shares in the last quarter. Victory Capital Management Inc. raised its position in Rudolph Technologies by 45.6% in the 1st quarter. Victory Capital Management Inc. now owns 7,979 shares of the scientific and technical instruments company’s stock valued at $179,000 after purchasing an additional 2,499 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in Rudolph Technologies by 29.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock valued at $216,000 after purchasing an additional 2,170 shares in the last quarter. 91.89% of the stock is currently owned by hedge funds and other institutional investors.

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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