Revenue Update on Rudolph Technologies Inc(NYSE:RTEC)

Rudolph Technologies Inc(NYSE:RTEC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $62.70M. Analysts estimated a revenue of $60.27M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.24.

In a different note, On May 3, 2016, Stifel Nicolaus said it Maintains its rating on Rudolph Technologies Inc. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Buy’ by the firm. On May 3, 2016, DA Davidson said it Maintains its rating on Rudolph Technologies Inc. In the research note, the firm Raises the price-target to $18.00 per share. The shares have been rated ‘Buy’ by the firm.

Rudolph Technologies Inc (RTEC) shares turned negative on Thursdays trading session with the shares closing down -0.14 points or -0.82% at a volume of 2,92,847. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.06. The peak price level was also seen at $17.06 while the days lowest was $16.81. Finally the shares closed at $16.87. The 52-week high of the shares is $17.72 while the 52-week low is $11.17. According to the latest information available, the market cap of the company is $522 M.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Daniel H Berry (director) sold 5,000 shares at $14.35 per share price.Also, On Nov 20, 2015, Paul F Mclaughlin (Chairman) sold 44,184 shares at $14.59 per share price.On Nov 16, 2015, Leo Berlinghieri (director) sold 16,800 shares at $14.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Rudolph Technologies Inc. is engaged in the design development manufacture and support of defect inspection advanced packaging lithography thin film metrology and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection lithography probe card test and analysis and transparent and opaque thin film measurements. The Company provides its technologies in business areas including Inspection Business Lithography Business Metrology Business and Yield Management and Process Control Software. It markets and sells its products to memory data storage flat panel and application-specific integrated circuit (ASIC) device manufacturers.

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