Rating to Follow: Does Rudolph Technologies (NYSE:RTEC) Look Bad? Stifel Nicolaus Downgrades It

November 23, 2016 - By Michael Collier

Rating to Follow: Does Rudolph Technologies (NYSE:RTEC) Look Bad? Stifel Nicolaus Downgrades It

Rudolph Technologies (NYSE:RTEC) Downgrade

Rudolph Technologies (NYSE:RTEC)‘s rating was cut by stock analysts at Stifel Nicolaus from a “Buy” rating to a “Hold” rating in an analyst report revealed to clients and investors on Wednesday, 23 November.

Rudolph Technologies Inc (NYSE:RTEC) Ratings Coverage

Out of 5 analysts covering Rudolph Tech (NYSE:RTEC), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. $19 is the highest target while $15.0 is the lowest. The $16.67 average target is -15.17% below today’s ($19.65) stock price. Rudolph Tech has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Barrington Research upgraded Rudolph Technologies Inc (NYSE:RTEC) rating on Tuesday, August 4. Barrington Research has “Mkt Perform” rating and $15.0 price target. The stock of Rudolph Technologies Inc (NYSE:RTEC) has “Neutral” rating given on Friday, July 29 by Dougherty & Company. DA Davidson maintained it with “Buy” rating and $19 target price in Tuesday, May 3 report. The stock has “Buy” rating given by Stifel Nicolaus on Thursday, January 14. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, May 3 report. The company was upgraded on Tuesday, August 4 by Credit Suisse.

About 179,689 shares traded hands. Rudolph Technologies Inc (NYSE: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 2016 Q2. 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.

Dimensional Fund Advisors L P last reported 2.52M shares in the company. Tower Research Ltd Liability Corporation (Trc) holds 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC) for 2,039 shares. Wolverine Asset Management Ltd Com last reported 0.02% of its portfolio in the stock. Moreover, Price T Rowe Assoc Md has 0% invested in Rudolph Technologies Inc (NYSE:RTEC) for 35,800 shares. Ls Ltd Co holds 0% or 1,101 shares in its portfolio. State Of Tennessee Treasury Department last reported 0% of its portfolio in the stock. Springbank Value Prtn L P holds 0.77% or 29,500 shares in its portfolio. Federated Invsts Pa holds 0% or 268 shares in its portfolio. Allianz Asset Mngmt Ag has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Moreover, Eam Limited Liability Company has 0.42% invested in Rudolph Technologies Inc (NYSE:RTEC) for 178,357 shares. Gotham Asset Mngmt Ltd Llc has 10,155 shares for 0% of their US portfolio. The New York-based Gagnon Secs Limited Liability Co has invested 5.44% in Rudolph Technologies Inc (NYSE:RTEC). California Public Employees Retirement Sys holds 68,400 shares or 0% of its portfolio. Pdt Prtnrs Ltd Liability accumulated 42,351 shares or 0.05% of the stock. Bnp Paribas Arbitrage Sa reported 9,510 shares or 0% of all its holdings.

Insider Transactions: Since May 24, 2016, the stock had 1 buying transaction, and 5 selling transactions for $600,685 net activity. On Tuesday, May 24 Roy Rajiv sold $58,467 worth of the stock or 4,063 shares. BERLINGHIERI LEO sold $222,700 worth of stock. ROTH STEVEN R sold $255,000 worth of stock or 15,000 shares. On Tuesday, May 24 BERRY DANIEL H sold $71,742 worth of the stock or 5,000 shares. SONDERMAN THOMAS had sold 1,000 shares worth $17,180 on Monday, August 8. The insider WHITTEN JOHN R sold $129,300.

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 $617.05 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 18.45 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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