BidaskClub Downgrades Rudolph Technologies, Inc. (RTEC) to Hold

Rudolph Technologies, Inc. (NYSE:RTEC) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

RTEC has been the topic of several other reports. Zacks Investment Research downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Credit Suisse Group raised their price objective on Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a report on Tuesday, October 31st. Finally, DA Davidson restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $28.00.

Rudolph Technologies (NYSE:RTEC) traded down $0.15 on Friday, reaching $25.70. The company’s stock had a trading volume of 74,300 shares, compared to its average volume of 161,259. The stock has a market cap of $811.79, a P/E ratio of 25.70, a P/E/G ratio of 1.82 and a beta of 1.08. Rudolph Technologies has a one year low of $18.15 and a one year high of $28.10.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. Rudolph Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. research analysts expect that Rudolph Technologies will post 1.05 EPS for the current fiscal year.

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In other news, VP Silveira Elvino M. Da sold 10,000 shares of Rudolph Technologies stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total value of $262,900.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of Rudolph Technologies by 7.5% in the 3rd quarter. Wells Fargo & Company MN now owns 146,332 shares of the scientific and technical instruments company’s stock valued at $3,848,000 after acquiring an additional 10,158 shares during the period. Citadel Advisors LLC increased its holdings in shares of Rudolph Technologies by 26.9% in the 3rd quarter. Citadel Advisors LLC now owns 307,782 shares of the scientific and technical instruments company’s stock valued at $8,094,000 after acquiring an additional 65,284 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Rudolph Technologies by 10.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 219,982 shares of the scientific and technical instruments company’s stock valued at $5,687,000 after acquiring an additional 21,307 shares during the period. FNY Partners Fund LP purchased a new position in shares of Rudolph Technologies in the 3rd quarter valued at $431,000. Finally, Eagle Asset Management Inc. increased its holdings in shares of Rudolph Technologies by 1.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 474,579 shares of the scientific and technical instruments company’s stock valued at $12,457,000 after acquiring an additional 8,602 shares during the period. Institutional investors and hedge funds own 92.22% of the company’s stock.

About Rudolph Technologies

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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