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. “
A number of other research analysts also recently issued reports on the company. ValuEngine downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Dougherty & Co downgraded Rudolph Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Rudolph Technologies currently has an average rating of “Buy” and an average price target of $32.25.
Shares of NYSE:RTEC opened at $22.55 on Friday. The company has a market capitalization of $719.09 million, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.20 and a beta of 0.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 8.07 and a quick ratio of 5.70. The business has a fifty day moving average price of $26.63 and a two-hundred day moving average price of $24.28. Rudolph Technologies has a 1 year low of $18.13 and a 1 year high of $29.57.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.07. The firm had revenue of $61.51 million during the quarter, compared to the consensus estimate of $62.56 million. Rudolph Technologies had a return on equity of 8.44% and a net margin of 11.55%. The business’s revenue for the quarter was down 20.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Sell-side analysts anticipate that Rudolph Technologies will post 1.05 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of RTEC. Stonebridge Capital Advisors LLC bought a new position in Rudolph Technologies during the 2nd quarter worth approximately $163,000. Nuveen Asset Management LLC bought a new position in Rudolph Technologies during the 2nd quarter worth approximately $4,051,000. Tanaka Capital Management Inc. grew its position in Rudolph Technologies by 16.5% during the 2nd quarter. Tanaka Capital Management Inc. now owns 56,154 shares of the scientific and technical instruments company’s stock worth $1,552,000 after acquiring an additional 7,955 shares during the last quarter. Morgan Stanley grew its position in Rudolph Technologies by 93.1% during the 2nd quarter. Morgan Stanley now owns 238,344 shares of the scientific and technical instruments company’s stock worth $6,586,000 after acquiring an additional 114,899 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Rudolph Technologies by 25.0% during the 2nd quarter. Bank of America Corp DE now owns 43,469 shares of the scientific and technical instruments company’s stock worth $1,200,000 after acquiring an additional 8,699 shares during the last quarter. 94.06% of the stock is currently owned by hedge funds and other institutional investors.
About Rudolph Technologies
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.
Read More: Golden Cross
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rudolph Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies and related companies with MarketBeat.com's FREE daily email newsletter.