Zacks Investment Research upgraded shares of Rudolph Technologies (NYSE:RTEC) from a hold rating to a buy rating in a report published on Friday morning, Zacks.com reports. Zacks Investment Research currently has $30.00 target price on the scientific and technical instruments company’s stock.
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 downgraded Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $31.50.
Shares of RTEC opened at $27.22 on Friday. The company has a market cap of $837.50 million, a P/E ratio of 19.17, a PEG ratio of 2.35 and a beta of 1.02. The company has a current ratio of 8.06, a quick ratio of 5.71 and a debt-to-equity ratio of 0.03. The firm’s 50-day simple moving average is $25.47. Rudolph Technologies has a 12-month low of $18.13 and a 12-month high of $30.65.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The firm had revenue of $60.89 million during the quarter, compared to the consensus estimate of $59.53 million. Rudolph Technologies had a return on equity of 10.48% and a net margin of 14.35%. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. On average, equities research analysts expect that Rudolph Technologies will post 1.15 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund purchased a new position in shares of Rudolph Technologies during the fourth quarter worth about $248,000. Bank of New York Mellon Corp grew its holdings in shares of Rudolph Technologies by 1.8% during the fourth quarter. Bank of New York Mellon Corp now owns 439,394 shares of the scientific and technical instruments company’s stock worth $8,994,000 after purchasing an additional 7,719 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Rudolph Technologies by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 20,876 shares of the scientific and technical instruments company’s stock worth $427,000 after purchasing an additional 804 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Rudolph Technologies during the fourth quarter worth about $1,081,000. Finally, United Services Automobile Association grew its holdings in shares of Rudolph Technologies by 73.3% during the fourth quarter. United Services Automobile Association now owns 190,060 shares of the scientific and technical instruments company’s stock worth $3,891,000 after purchasing an additional 80,395 shares during the last quarter. Hedge funds and other institutional investors own 93.30% 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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