Stock Rating Runner: Does Rudolph Technologies Inc (NYSE:RTEC) Look Bad? Stifel Nicolaus Downgrades It

November 23, 2016 - By Louis Casey

Stock Rating Runner:  Does Rudolph Technologies Inc (NYSE:RTEC) Look Bad? Stifel Nicolaus Downgrades It

Rudolph Technologies Inc (NYSE:RTEC) Downgrade

Stifel Nicolaus cut Rudolph Technologies Inc (NYSE:RTEC)‘s stock to a “Hold” rating from “Buy”. The ratings change was sent to investors in a analysts note today. The firm currently has a $19.00 target price on the stock.

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 -14.95% below today’s ($19.6) stock price. Rudolph Tech has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Credit Suisse on Tuesday, August 4 to “Neutral”. As per Tuesday, May 3, the company rating was maintained by DA Davidson. The firm earned “Neutral” rating on Friday, July 29 by Dougherty & Company. The rating was upgraded by Stifel Nicolaus on Thursday, January 14 to “Buy”. The stock of Rudolph Technologies Inc (NYSE:RTEC) has “Mkt Perform” rating given on Tuesday, August 4 by Barrington Research. The rating was maintained by Stifel Nicolaus on Tuesday, May 3 with “Buy”.

About 182,682 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 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.

Teachers Advisors has invested 0.01% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Wells Fargo And Mn owns 275,313 shares or 0% of their US portfolio. Teachers Retirement System Of The State Of Kentucky holds 0% or 17,700 shares in its portfolio. Eam Investors Limited Liability Corp holds 0.42% or 178,357 shares in its portfolio. The New York-based Gagnon Advsrs Ltd Liability Company has invested 8.53% in Rudolph Technologies Inc (NYSE:RTEC). Vanguard Group Inc holds 1.49 million shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,270 shares or 0% of all its holdings. Public Employees Retirement Association Of Colorado holds 0% or 13,200 shares in its portfolio. Gemmer Asset Mngmt accumulated 202 shares or 0% of the stock. Moreover, Paradigm Capital Mngmt Inc has 0.61% invested in Rudolph Technologies Inc (NYSE:RTEC) for 324,900 shares. Alliancebernstein L P has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Moreover, Tudor Investment Corporation Et Al has 0% invested in Rudolph Technologies Inc (NYSE:RTEC) for 12,133 shares. Commercial Bank Of Montreal Can has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Fny Managed Accounts Ltd reported 18,000 shares or 0% of all its holdings. Los Angeles Capital Mngmt Equity holds 15,025 shares or 0% of its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 1 buy, and 5 sales for $600,685 net activity. WHITTEN JOHN R had sold 7,500 shares worth $129,300 on Wednesday, August 3. Shares for $42,375 were bought by Roy Rajiv on Thursday, August 4. $255,000 worth of Rudolph Technologies Inc (NYSE:RTEC) was sold by ROTH STEVEN R on Tuesday, August 2. The insider SONDERMAN THOMAS sold 1,000 shares worth $17,180. On Friday, August 5 the insider BERLINGHIERI LEO sold $222,700. BERRY DANIEL H had sold 5,000 shares worth $71,742 on Tuesday, May 24.

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 $615.48 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 18.4 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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