Rudolph Technologies Inc (NYSE:RTEC) Director Daniel H. Berry sold 3,500 shares of Rudolph Technologies stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $34.00, for a total transaction of $119,000.00. Following the completion of the transaction, the director now owns 20,600 shares in the company, valued at approximately $700,400. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
RTEC stock opened at $31.20 on Friday. Rudolph Technologies Inc has a 52 week low of $21.10 and a 52 week high of $34.55. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.82 and a beta of 1.11.
Rudolph Technologies (NYSE:RTEC) last released its earnings results on Wednesday, May 2nd. The scientific and technical instruments company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Rudolph Technologies had a net margin of 15.28% and a return on equity of 12.99%. The business had revenue of $73.10 million for the quarter, compared to the consensus estimate of $68.94 million. During the same period in the previous year, the firm earned $0.26 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. sell-side analysts anticipate that Rudolph Technologies Inc will post 1.75 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RTEC. BlackRock Inc. raised its holdings in shares of Rudolph Technologies by 2.5% during the first quarter. BlackRock Inc. now owns 4,123,528 shares of the scientific and technical instruments company’s stock valued at $114,223,000 after acquiring an additional 99,090 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Rudolph Technologies by 8.9% during the fourth quarter. Renaissance Technologies LLC now owns 891,996 shares of the scientific and technical instruments company’s stock valued at $21,319,000 after acquiring an additional 73,160 shares during the period. Palisade Capital Management LLC NJ raised its holdings in shares of Rudolph Technologies by 9.3% during the first quarter. Palisade Capital Management LLC NJ now owns 407,562 shares of the scientific and technical instruments company’s stock valued at $11,289,000 after acquiring an additional 34,664 shares during the period. Northern Trust Corp raised its holdings in shares of Rudolph Technologies by 0.8% during the first quarter. Northern Trust Corp now owns 406,545 shares of the scientific and technical instruments company’s stock valued at $11,263,000 after acquiring an additional 3,372 shares during the period. Finally, Systematic Financial Management LP raised its holdings 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. Institutional investors and hedge funds own 91.44% of the company’s stock.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Wednesday, May 9th. Stifel Nicolaus boosted their target price on shares of Rudolph Technologies from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. Finally, Sidoti downgraded shares of Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Monday, June 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.50.
Rudolph Technologies Company Profile
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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