Rudolph Technologies (NYSE:RTEC) Rating Increased to Buy at Zacks Investment Research

Rudolph Technologies (NYSE:RTEC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Zacks.com reports. The brokerage presently has a $30.00 price objective on the scientific and technical instruments company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 11.15% from the company’s previous close.

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. “

Separately, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $31.50.

Shares of NYSE:RTEC opened at $26.99 on Friday. Rudolph Technologies has a 1 year low of $18.13 and a 1 year high of $30.65. The stock has a market cap of $830.58 million, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.33 and a beta of 1.02. The company has a quick ratio of 5.71, a current ratio of 8.06 and a debt-to-equity ratio of 0.03. The company’s 50 day simple moving average is $25.24.

Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Rudolph Technologies had a return on equity of 10.48% and a net margin of 14.35%. The firm had revenue of $60.89 million for the quarter, compared to analyst estimates of $59.53 million. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue was down 16.7% on a year-over-year basis. As a group, analysts forecast that Rudolph Technologies will post 1.15 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in Rudolph Technologies by 529.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,183 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 995 shares during the last quarter. First Mercantile Trust Co. raised its stake in Rudolph Technologies by 16.5% in the 1st quarter. First Mercantile Trust Co. now owns 2,820 shares of the scientific and technical instruments company’s stock valued at $64,000 after purchasing an additional 400 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Rudolph Technologies by 2,950.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,559 shares of the scientific and technical instruments company’s stock valued at $150,000 after purchasing an additional 6,344 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Rudolph Technologies by 359.0% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,969 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 7,797 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Rudolph Technologies in the 1st quarter valued at $269,000. 93.26% of the stock is 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.

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