In a report released today, Craig Ellis from B.Riley FBR reiterated a Buy rating on Rudolph Technologies (RTEC), with a price target of $25. The company’s shares opened today at $20.89.
Ellis noted:
“We also note that the timing of customer orders is unpredictable. Growth Plan – There are many factors that may impact the company’s ability to achieve its stated growth objectives. Industry Change – The industry is subject to rapid technological change. International Operations – The company derives a significant portion of its revenues from outside the United States. The Company is subject to foreign exchange risk and the risks inherent in managing a global company. Litigation – The company is at risk of patent lawsuits, although we believe its patent portfolio provides adequate protection. We note that the industry is litigious, and the company is likely to be involved in lawsuits, whether future or current. Negative results in these cases could result in significant cash payments by the company.”
According to TipRanks.com, Ellis is a top 100 analyst with an average return of 17.1% and a 58.2% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Applied Materials Inc, and Axcelis Technologies.
Rudolph Technologies has an analyst consensus of Hold, with a price target consensus of $24.
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Rudolph Technologies’ market cap is currently $666.1M and has a P/E ratio of 18.78. The company has a Price to Book ratio of 1.78.
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Rudolph Technologies, Inc. engages 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.
