Rudolph Technologies Inc (RTEC) is Downgraded by Stifel to Hold, Price Target at $19

Rudolph Technologies Inc (RTEC) was Downgraded by Stifel to ” Hold” and the brokerage firm has set the Price Target at $19. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Nov 23, 2016.

On the company’s financial health, Rudolph Technologies Inc reported $0.29 EPS for the quarter, based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus estimate of $0.29. The company had revenue of $61.60 million for the quarter, compared to analysts expectations of $61.38 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Rudolph Technologies Inc opened for trading at $19.35 and hit $19.775 on the upside on Monday, eventually ending the session at $19.7, with a gain of 2.07% or 0.4 points. The heightened volatility saw the trading volume jump to 2,79,402 shares. Company has a market cap of $611 M.

In a different news, on Aug 8, 2016, Leo Berlinghieri (director) sold 13,100 shares at $17.00 per share price. According to the SEC, on Aug 4, 2016, John R Whitten (director) sold 7,500 shares at $17.24 per share price. On Aug 3, 2016, Steven R Roth (Senior Vice President & CFO) sold 15,000 shares at $17.00 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

Leave a Reply

Rudolph Technologies Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Rudolph Technologies Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.