Rudolph Technologies Inc (NYSE:RTEC) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 1,166,800 shares, a growth of 18.6% from the May 30th total of 983,900 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 216,000 shares, the days-to-cover ratio is presently 5.4 days.
Several research firms have commented on RTEC. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Saturday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Rudolph Technologies has a consensus rating of “Buy” and an average target price of $31.50.
Several institutional investors have recently modified their holdings of RTEC. Quadrant Capital Group LLC grew its position in Rudolph Technologies by 529.3% during the first quarter. Quadrant Capital Group LLC now owns 1,183 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 995 shares during the period. First Mercantile Trust Co. lifted its holdings in shares of Rudolph Technologies by 16.5% in the first quarter. First Mercantile Trust Co. now owns 2,820 shares of the scientific and technical instruments company’s stock valued at $64,000 after purchasing an additional 400 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Rudolph Technologies by 2,950.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,559 shares of the scientific and technical instruments company’s stock valued at $150,000 after purchasing an additional 6,344 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Rudolph Technologies by 359.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,969 shares of the scientific and technical instruments company’s stock valued at $204,000 after purchasing an additional 7,797 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in shares of Rudolph Technologies in the fourth quarter valued at about $248,000. Institutional investors and hedge funds own 93.30% of the company’s stock.
Shares of NYSE:RTEC opened at $26.99 on Monday. The company has a 50-day simple moving average of $25.24. Rudolph Technologies has a one year low of $18.13 and a one year high of $30.65. The company has a quick ratio of 5.71, a current ratio of 8.06 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $837.40 million, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.35 and a beta of 1.02.
Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Monday, May 6th. The scientific and technical instruments company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Rudolph Technologies had a net margin of 14.35% and a return on equity of 10.48%. The business had revenue of $60.89 million during the quarter, compared to analysts’ expectations of $59.53 million. During the same period in the prior year, the company earned $0.51 earnings per share. The business’s revenue was down 16.7% compared to the same quarter last year. On average, equities research analysts forecast that Rudolph Technologies will post 1.15 earnings per share for the current fiscal year.
About Rudolph Technologies
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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