Los Angeles Capital Management & Equity Research Inc. reduced its position in shares of Rudolph Technologies Inc. (NYSE:RTEC) by 68.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,025 shares of the company’s stock after selling 32,635 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Rudolph Technologies were worth $233,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its position in Rudolph Technologies by 17,651.8% in the first quarter. Glenmede Trust Co. NA now owns 35,326 shares of the company’s stock worth $482,000 after buying an additional 35,127 shares during the last quarter. Algert Global LLC boosted its position in shares of Rudolph Technologies by 1.0% in the first quarter. Algert Global LLC now owns 32,991 shares of the company’s stock worth $451,000 after buying an additional 326 shares during the last quarter. Acrospire Investment Management LLC bought a new position in shares of Rudolph Technologies during the first quarter worth about $151,000. NN Investment Partners Holdings N.V. bought a new position in shares of Rudolph Technologies during the first quarter worth about $638,000. Finally, Palisade Capital Management LLC NJ boosted its position in shares of Rudolph Technologies by 11.2% in the first quarter. Palisade Capital Management LLC NJ now owns 722,940 shares of the company’s stock worth $9,875,000 after buying an additional 72,991 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.
Rudolph Technologies Inc. (NYSE:RTEC) traded up 0.51% during mid-day trading on Friday, hitting $17.74. The company’s stock had a trading volume of 226,871 shares. The company has a market cap of $548.88 million, a P/E ratio of 17.76 and a beta of 1.15. The firm’s 50-day moving average is $17.54 and its 200-day moving average is $15.39. Rudolph Technologies Inc. has a 12-month low of $11.17 and a 12-month high of $18.00.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. Rudolph Technologies had a return on equity of 9.17% and a net margin of 13.95%. The company had revenue of $62.70 million for the quarter, compared to analysts’ expectations of $60.27 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Rudolph Technologies’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that Rudolph Technologies Inc. will post $1.04 EPS for the current fiscal year.
A number of brokerages have issued reports on RTEC. B. Riley reiterated a “buy” rating and set a $17.00 price objective on shares of Rudolph Technologies in a research note on Monday, July 4th. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Thursday, August 4th. Dougherty & Co cut Rudolph Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, July 29th. Finally, Stifel Nicolaus lifted their price objective on Rudolph Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $18.50.
In other Rudolph Technologies news, Director Leo Berlinghieri sold 13,100 shares of the company’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $17.00, for a total transaction of $222,700.00. Following the completion of the sale, the director now owns 15,900 shares in the company, valued at $270,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Rajiv Roy bought 2,500 shares of the stock in a transaction on Thursday, August 4th. The shares were bought at an average price of $16.95 per share, with a total value of $42,375.00. Following the acquisition, the vice president now owns 26,903 shares of the company’s stock, valued at $456,005.85. The disclosure for this purchase can be found here. Company insiders own 4.60% of the company’s stock.
About Rudolph Technologies
Rudolph Technologies, Inc (Rudolph) 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 Company 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.
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