What Next for Rudolph Technologies, Inc. (RTEC) Stock After Reaching 52-Week High?

May 17, 2018 - By Kristen Paramore

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.15, from 1.03 in 2017Q3. It fall, as 17 investors sold Rudolph Technologies, Inc. shares while 66 reduced holdings. 27 funds opened positions while 46 raised stakes. 28.21 million shares or 0.66% more from 28.02 million shares in 2017Q3 were reported.
Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Rudolph Technologies, Inc. (NYSE:RTEC) for 1,783 shares. Mckinley Ltd Co Delaware has invested 0.11% in Rudolph Technologies, Inc. (NYSE:RTEC). The New York-based Dalton Greiner Hartman Maher has invested 0.14% in Rudolph Technologies, Inc. (NYSE:RTEC). Tudor Investment Et Al reported 11,044 shares or 0.01% of all its holdings. Moreover, Pacific Ridge Capital Ptnrs Limited Liability Corporation has 0.97% invested in Rudolph Technologies, Inc. (NYSE:RTEC). State Of Alaska Department Of Revenue holds 6,300 shares or 0% of its portfolio. Smith Asset Mgmt Grp L P invested 0.1% of its portfolio in Rudolph Technologies, Inc. (NYSE:RTEC). Pennsylvania-based Vanguard Gp has invested 0% in Rudolph Technologies, Inc. (NYSE:RTEC). Dimensional Fund Limited Partnership holds 2.65M shares. Parallax Volatility Advisers Limited Partnership owns 4,704 shares or 0% of their US portfolio. Jacobs Levy Equity Mngmt Incorporated accumulated 0.02% or 51,778 shares. Barclays Public Limited Company has invested 0% in Rudolph Technologies, Inc. (NYSE:RTEC). 32,700 were reported by Strs Ohio. Metropolitan Life Insur Com stated it has 0% in Rudolph Technologies, Inc. (NYSE:RTEC). Bancorporation Of Ny Mellon holds 413,616 shares.

Since February 14, 2018, it had 0 insider buys, and 6 insider sales for $1.16 million activity. The insider Gardner Steven D. sold $151,260. ROTH STEVEN R also sold $468,180 worth of Rudolph Technologies, Inc. (NYSE:RTEC) on Tuesday, February 20. Goodrich Michael F. also sold $63,250 worth of Rudolph Technologies, Inc. (NYSE:RTEC) shares. $125,220 worth of Rudolph Technologies, Inc. (NYSE:RTEC) was sold by MILLER DAVID BRIAN on Wednesday, May 9.

The stock of Rudolph Technologies, Inc. (NYSE:RTEC) hit a new 52-week high and has $35.53 target or 9.00 % above today’s $32.60 share price. The 6 months bullish chart indicates low risk for the $1.04 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $35.53 price target is reached, the company will be worth $93.33M 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.

The stock increased 0.46% or $0.15 during the last trading session, reaching $32.6. About 79,658 shares traded. Rudolph Technologies, Inc. (NYSE:RTEC) has risen 23.77% since May 17, 2017 and is uptrending. It has outperformed by 12.22% the S&P500.

Analysts await Rudolph Technologies, Inc. (NYSE:RTEC) to report earnings on August, 1. They expect $0.44 EPS, up 46.67 % or $0.14 from last year’s $0.3 per share. RTEC’s profit will be $14.00 million for 18.52 P/E if the $0.44 EPS becomes a reality. After $0.48 actual EPS reported by Rudolph Technologies, Inc. for the previous quarter, Wall Street now forecasts -8.33 % negative EPS growth.

Rudolph Technologies, Inc. (NYSE:RTEC) Ratings Coverage

Among 2 analysts covering Rudolph Technologies (NYSE:RTEC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rudolph Technologies had 3 analyst reports since February 2, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, May 3 by Stifel Nicolaus. The company was initiated on Friday, February 2 by FBR Capital. Stifel Nicolaus maintained Rudolph Technologies, Inc. (NYSE:RTEC) on Friday, February 2 with “Buy” rating.

More recent Rudolph Technologies, Inc. (NYSE:RTEC) news were published by: Globenewswire.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within IDT, National Presto Industries, EnPro Industries …” on May 17, 2018. Also Businesswire.com published the news titled: “Rudolph Technologies to Present at Second Quarter 2018 Investor Conferences” on May 17, 2018. Streetinsider.com‘s news article titled: “Rudolph Technologies (RTEC) Tops Q1 EPS by 11c” with publication date: May 02, 2018 was also an interesting one.

Rudolph Technologies, Inc. designs, develops, makes, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company has market cap of $1.04 billion. The firm also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements. It has a 31.96 P/E ratio. In addition, it provides spare parts; and software licensing services.

Rudolph Technologies, Inc. (NYSE:RTEC) Institutional Positions Chart

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