Rating Buzzer: Is Stifel Very Negative For Rudolph Tech (RTEC) After Its Downgrade? The Target Price per Share is $19.0

November 23, 2016 - By Darrin Black

Rating Buzzer:  Is Stifel Very Negative For Rudolph Tech (RTEC) After Its Downgrade? The Target Price per Share is $19.0

Rudolph Tech (RTEC) Downgrade

Rudolph Tech (RTEC)‘s Buy rating is no longer valid. The firm rating was cut by equity analysts at Stifel to Hold. They have a PT of $19.0 on RTEC.

The stock increased 1.24% or $0.25 during the last trading session, hitting $20.35. Rudolph Technologies Inc (RTEC) has risen 47.25% since April 21, 2016 and is uptrending. It has outperformed by 41.92% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.57 in Q2 2016. Its up 0.38, from 1.19 in 2016Q1. The ratio is positive, as 15 funds sold all Rudolph Technologies Inc shares owned while 52 reduced positions. 23 funds bought stakes while 57 increased positions. They now own 27.82 million shares or 8.04% less from 30.25 million shares in 2016Q1.

Tower Ltd Liability Corp (Trc) reported 2,039 shares or 0% of all its holdings. Trexquant Inv Limited Partnership has 0.03% invested in the company for 15,931 shares. Teachers Advsr holds 0.01% or 460,433 shares in its portfolio. Stephens Invest Gru Limited reported 676,465 shares or 0.35% of all its holdings. Public Sector Pension Inv Board holds 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC) for 21,791 shares. Hancock Holding has invested 0.08% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). California State Teachers Retirement Sys holds 0% or 62,806 shares in its portfolio. Lsv Asset Mgmt has 263,392 shares for 0.01% of their US portfolio. Envestnet Asset Management has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Pnc Grp Inc has 6,556 shares for 0% of their US portfolio. Glenmede Tru Na holds 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC) for 35,028 shares. Us Comml Bank De holds 0% or 9,075 shares in its portfolio. Los Angeles Capital Mngmt Equity, a California-based fund reported 15,025 shares. Royal State Bank Of Canada holds 0% or 37,214 shares in its portfolio. New York State Common Retirement Fund has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC).

Insider Transactions: Since May 24, 2016, the stock had 1 buying transaction, and 5 selling transactions for $600,685 net activity. Roy Rajiv sold $33,629 worth of stock or 2,337 shares. On Tuesday, August 2 ROTH STEVEN R sold $255,000 worth of the stock or 15,000 shares. Shares for $71,742 were sold by BERRY DANIEL H. Shares for $129,300 were sold by WHITTEN JOHN R. 1,000 shares were sold by SONDERMAN THOMAS, worth $18,880 on Tuesday, November 15. Another trade for 13,100 shares valued at $222,700 was made by BERLINGHIERI LEO on Friday, August 5.

Rudolph Technologies, Inc. is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The company has a market cap of $644.00 million. The Firm operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. It has a 19.1 P/E ratio. It offers Process Control Business, Lithography Business and Integrated Software Solutions.

According to Zacks Investment Research, “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.”

RTEC Company Profile

Rudolph Technologies, Inc. (Rudolph), incorporated on June 13, 1996, is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The Firm operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Firm offers Process Control Business, Lithography Business and Integrated Software Solutions. The Firm provides process and yield management solutions used in both wafer processing and final manufacturing through a family of systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements. Rudolph markets and sells products to logic, memory, data storage, flat panel and application-specific integrated circuit (ASIC) device manufacturers.

Another recent and important Rudolph Technologies Inc (NYSE:RTEC) news was published by Businesswire.com which published an article titled: “Rudolph Technologies to Participate in the Fifth Annual Midtown Cap Investor …” on November 22, 2016.

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