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 commented 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. Finally, TheStreet downgraded Rudolph Technologies from a b- rating to a c+ rating in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $31.00.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings data on Tuesday, July 30th. The scientific and technical instruments company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm’s revenue was down 20.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, research analysts forecast that Rudolph Technologies will post 1.05 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. grew its stake in Rudolph Technologies by 16.5% during the 1st quarter. First Mercantile Trust Co. now owns 2,820 shares of the scientific and technical instruments company’s stock worth $64,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Rudolph Technologies by 0.9% in the second quarter. Arizona State Retirement System now owns 48,128 shares of the scientific and technical instruments company’s stock worth $1,330,000 after purchasing an additional 450 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Rudolph Technologies by 17.9% in the second quarter. Advisor Group Inc. now owns 6,128 shares of the scientific and technical instruments company’s stock worth $170,000 after purchasing an additional 930 shares in the last quarter. Pitcairn Co. grew its stake in shares of Rudolph Technologies by 12.2% in the second quarter. Pitcairn Co. now owns 10,752 shares of the scientific and technical instruments company’s stock worth $297,000 after purchasing an additional 1,172 shares in the last quarter. Finally, Intrust Bank NA grew its stake in shares of Rudolph Technologies by 6.3% in the first quarter. Intrust Bank NA now owns 23,190 shares of the scientific and technical instruments company’s stock worth $529,000 after purchasing an additional 1,377 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
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.
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