Rudolph Technologies Inc (RTEC) is Reiterated by Stifel to Buy, Raises Price Target to $ 16

Rudolph Technologies Inc (RTEC) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $15 . Stifel advised their investors in a research report released on May 3, 2016.

On the company’s financial health, Rudolph Technologies Inc reported $0.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.17. The company had revenue of $54.40 million for the quarter, compared to analysts expectations of $52.78 million. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.

Rudolph Technologies Inc opened for trading at $13.87 and hit $14.06 on the upside on Monday, eventually ending the session at $14.06, with a gain of 1.37% or 0.19 points. The heightened volatility saw the trading volume jump to 2,97,426 shares. Company has a market cap of $436 M.

In a different news, on Nov 20, 2015, Paul F Mclaughlin (Chairman) sold 44,184 shares at $14.59 per share price. According to the SEC, on Nov 16, 2015, Leo Berlinghieri (director) sold 16,800 shares at $14.16 per share price. On Sep 2, 2015, Daniel H Berry (director) sold 3,652 shares at $12.67 per share price, according to the Form-4 filing with the securities and exchange commission.

Rudolph Technologies Inc. is engaged in the design development manufacture and support of defect inspection advanced packaging lithography thin film metrology 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. The Company provides its technologies in business areas including Inspection Business Lithography Business Metrology Business and Yield Management and Process Control Software. It markets and sells its products to memory data storage flat panel and application-specific integrated circuit (ASIC) device manufacturers.

Rudolph Technologies Inc

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