In a report released today, Craig Ellis from B.Riley FBR reiterated a Buy rating on Rudolph Technologies (RTEC), with a price target of $31. The company’s shares closed yesterday at $25.54.
Ellis commented:
“Monday 5/6, front- and back-end Software specialist Rudolph Tech’s (RTEC) 1Q19 results modestly exceeded the Street; 2Q’s guide was essentially in line despite intense cyclical pressure, in part, as new products performed well. Overall, the quarterly execution performance appears comparatively favorable versus other back-end peers. We believe that across macro inspection, advanced packaging, and panel lithography, RTEC appears to be building 2H19 visibility and, in some cases, backlog is stretching into 2020. Overall, we observed plusses and minuses, but gained incremental confidence in company-specific growth positioning and opex discipline.”
According to TipRanks.com, Ellis is a top 100 analyst with an average return of 17.8% and a 65.8% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Brooks Automation, and Kulicke & Soffa.
Rudolph Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $30.50.
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Rudolph Technologies’ market cap is currently $789.3M and has a P/E ratio of 18.28. The company has a Price to Book ratio of 2.18.
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Rudolph Technologies, Inc. is engaged in the design, development, manufacture, and support of defect inspection, lithography, process control metrology, and process control software. Its products include semiconductor, light emitting diodes, flat panel display, data storage, and compound semi.
