The stock of Rudolph Technologies Inc (NYSE:RTEC) hit a new 52-week high and has $29.49 target or 46.00% above today’s $20.20 share price. The 7 months bullish chart indicates low risk for the $639.52 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $29.49 price target is reached, the company will be worth $294.18M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 159,154 shares traded hands. Rudolph Technologies Inc (NYSE:RTEC) has risen 44.43% since April 19, 2016 and is uptrending. It has outperformed by 40.57% the S&P500.
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. Rudolph Tech has been the topic of 6 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Dougherty & Company downgraded the shares of RTEC in a report on Friday, July 29 to “Neutral” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, May 3 report. The stock of Rudolph Technologies Inc (NYSE:RTEC) has “Buy” rating given on Tuesday, May 3 by DA Davidson. As per Tuesday, August 4, the company rating was upgraded by Credit Suisse. The rating was upgraded by Stifel Nicolaus on Thursday, January 14 to “Buy”. Barrington Research upgraded the shares of RTEC in a report on Tuesday, August 4 to “Mkt Perform” rating.
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.”
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.
The Massachusetts-based Rhumbline Advisers has invested 0% in Rudolph Technologies Inc (NYSE:RTEC). Tanaka Capital Mngmt owns 73,649 shares or 2.94% of their US portfolio. Thompson Davis & last reported 250 shares in the company. Prudential has invested 0% of its portfolio in Rudolph Technologies Inc (NYSE:RTEC). Schwab Charles Invest Management last reported 0% of its portfolio in the stock. Qs Ltd Liability Company has 513 shares for 0% of their US portfolio. State Board Of Administration Of Florida Retirement Sys accumulated 0% or 52,487 shares. Manufacturers Life Co The last reported 20,560 shares in the company. Da Davidson And last reported 0% of its portfolio in the stock. Moreover, Parametric Port Assoc Limited Liability Com has 0% invested in Rudolph Technologies Inc (NYSE:RTEC) for 145,706 shares. Los Angeles Cap Mngmt & Equity Research holds 0% or 15,025 shares in its portfolio. Voya Inv Lc reported 77,513 shares or 0% of all its holdings. 1St Advisors Inc last reported 0.04% of its portfolio in the stock. Arbor Mgmt Lc has 139,175 shares for 1.14% of their US portfolio. Glenmede Na has 0% invested in the company for 35,028 shares.
Insider Transactions: Since May 24, 2016, the stock had 1 insider purchase, and 5 selling transactions for $600,685 net activity. Roy Rajiv also sold $33,629 worth of Rudolph Technologies Inc (NYSE:RTEC) shares. Another trade for 15,000 shares valued at $255,000 was made by ROTH STEVEN R on Tuesday, August 2. SONDERMAN THOMAS sold $17,180 worth of Rudolph Technologies Inc (NYSE:RTEC) on Monday, August 8. BERLINGHIERI LEO sold $222,700 worth of stock or 13,100 shares. $71,742 worth of Rudolph Technologies Inc (NYSE:RTEC) shares were sold by BERRY DANIEL H. Shares for $129,300 were sold by WHITTEN JOHN R.
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.
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