Rudolph Technologies, Inc. (RTEC) PT Raised to $24.00 at Credit Suisse Group

Rudolph Technologies, Inc. (NYSE:RTEC) had its price objective boosted by equities researchers at Credit Suisse Group from $23.00 to $24.00 in a research note issued on Tuesday. The brokerage currently has an “underperform” rating on the scientific and technical instruments company’s stock. Credit Suisse Group’s price objective points to a potential downside of 13.51% from the company’s previous close.

Other research analysts have also recently issued reports about the company. B. Riley reaffirmed a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday, August 8th. DA Davidson reaffirmed a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a report on Monday, September 18th. Zacks Investment Research raised Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, BidaskClub raised Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $28.00.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. The business had revenue of $66.90 million during the quarter, compared to analysts’ expectations of $66.25 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.

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A number of hedge funds have recently made changes to their positions in RTEC. Swiss National Bank increased its position in Rudolph Technologies by 6.4% in the first quarter. Swiss National Bank now owns 48,300 shares of the scientific and technical instruments company’s stock worth $1,082,000 after purchasing an additional 2,900 shares during the period. Prudential Financial Inc. increased its position in Rudolph Technologies by 0.9% in the first quarter. Prudential Financial Inc. now owns 52,650 shares of the scientific and technical instruments company’s stock worth $1,179,000 after purchasing an additional 480 shares during the period. SG Americas Securities LLC increased its position in Rudolph Technologies by 40.7% in the first quarter. SG Americas Securities LLC now owns 10,032 shares of the scientific and technical instruments company’s stock worth $225,000 after purchasing an additional 2,900 shares during the period. Arizona State Retirement System increased its position in Rudolph Technologies by 2.5% in the first quarter. Arizona State Retirement System now owns 16,324 shares of the scientific and technical instruments company’s stock worth $366,000 after purchasing an additional 400 shares during the period. Finally, Principal Financial Group Inc. increased its position in Rudolph Technologies by 4.4% in the first quarter. Principal Financial Group Inc. now owns 237,766 shares of the scientific and technical instruments company’s stock worth $5,326,000 after purchasing an additional 9,954 shares during the period. Hedge funds and other institutional investors own 92.41% 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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