Rating of The Day: Rudolph Tech (NASDAQ:RTEC)’s Is Reaching An Inflection Point; Stifel Downgrades It

November 23, 2016 - By Michael Collier

Rating of The Day:  Rudolph Tech (NASDAQ:RTEC)'s Is Reaching An Inflection Point; Stifel Downgrades It

Rudolph Tech (NASDAQ:RTEC) Downgrade

In analysts report issued today, Stifel decreased shares of Rudolph Tech (NASDAQ:RTEC) to Hold rating from Buy rating. The firm currently has a $19 target on the stock. Stifel’s target suggests a potential downside of -6.63% from the stock’s last stock close.

Rudolph Technologies Inc (NYSE:RTEC) Ratings Coverage

Out of 4 analysts covering Rudolph Technologies Inc. (NASDAQ:RTEC), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $15 is the highest target while $14.50 is the lowest. The $14.83 average target is -27.13% below today’s ($20.35) stock price. Rudolph Technologies Inc. has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Stifel Nicolaus upgraded it to “Buy” rating and $15 target price in Thursday, January 14 report. As per Tuesday, August 4, the company rating was upgraded by Barrington Research. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 4.

The stock increased 1.24% or $0.25 during the last trading session, hitting $20.35. Rudolph Technologies Inc (NASDAQ: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 improved, 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.

The Georgia-based Invesco Limited has invested 0% in Rudolph Technologies Inc (NYSE:RTEC). Louisiana State Employees Retirement Systems holds 13,700 shares or 0.01% of its portfolio. Comerica State Bank has 0.01% invested in the company for 33,940 shares. Neuberger Berman Grp Ltd Liability has 630,633 shares for 0.01% of their US portfolio. Amer Fin Grp holds 19,278 shares or 0.02% of its portfolio. Blackrock owns 28,630 shares or 0% of their US portfolio. Federated Pa last reported 0% of its portfolio in the stock. Credit Suisse Ag has 69,440 shares for 0% of their US portfolio. Kbc Group Nv, a Belgium-based fund reported 26,072 shares. Loomis Sayles And Limited Partnership holds 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC) for 102 shares. Moreover, Bridgeway Capital Inc has 0.02% invested in Rudolph Technologies Inc (NYSE:RTEC) for 71,050 shares. Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Citigroup Inc holds 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC) for 20,665 shares. D E Shaw And Inc has 432,482 shares for 0.01% of their US portfolio. Da Davidson &, a Montana-based fund reported 1,327 shares.

Insider Transactions: Since May 24, 2016, the stock had 1 buying transaction, and 5 insider sales for $600,685 net activity. ROTH STEVEN R also sold $255,000 worth of Rudolph Technologies Inc (NYSE:RTEC) on Tuesday, August 2. 1,000 shares were sold by SONDERMAN THOMAS, worth $18,880 on Tuesday, November 15. BERLINGHIERI LEO sold $222,700 worth of stock. WHITTEN JOHN R had sold 7,500 shares worth $129,300. Shares for $71,742 were sold by BERRY DANIEL H on Tuesday, May 24. 2,337 Rudolph Technologies Inc (NYSE:RTEC) shares with value of $33,629 were sold by Roy Rajiv.

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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