Swiss National Bank continued to hold its position in Rudolph Technologies Inc. (NYSE:RTEC) during the second quarter, Holdings Channel reports. The firm owned 47,500 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.15% of Rudolph Technologies worth $738,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of RTEC. Springbank Value Partners LP boosted its position in Rudolph Technologies by 130.4% in the first quarter. Springbank Value Partners LP now owns 26,500 shares of the company’s stock worth $362,000 after buying an additional 15,000 shares in the last quarter. Hancock Holding Co. boosted its position in Rudolph Technologies by 5.0% in the first quarter. Hancock Holding Co. now owns 69,626 shares of the company’s stock worth $951,000 after buying an additional 3,313 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Rudolph Technologies during the first quarter worth about $638,000. 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 in the last quarter. Finally, Acrospire Investment Management LLC bought a new position in Rudolph Technologies during the first quarter worth about $151,000. 92.13% of the stock is owned by institutional investors and hedge funds.
Rudolph Technologies Inc. (NYSE:RTEC) traded up 0.28% during mid-day trading on Monday, reaching $18.17. 122,603 shares of the company traded hands. The firm has a market capitalization of $562.18 million, a price-to-earnings ratio of 18.19 and a beta of 1.23. Rudolph Technologies Inc. has a 52 week low of $11.17 and a 52 week high of $18.36. The stock’s 50 day moving average price is $17.64 and its 200 day moving average price is $15.55.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.24 by $0.07. Rudolph Technologies had a net margin of 13.95% and a return on equity of 9.17%. The company earned $62.70 million during the quarter, compared to analysts’ expectations of $60.27 million. During the same quarter in the previous year, the business posted $0.23 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Rudolph Technologies Inc. will post $1.04 EPS for the current year.
RTEC has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Rudolph Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 29th. Dougherty & Co lowered shares of Rudolph Technologies from a “buy” rating to a “neutral” rating in a research note on Friday, July 29th. Stifel Nicolaus increased their price objective on shares of Rudolph Technologies from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, B. Riley reiterated a “buy” rating and issued a $19.50 price objective on shares of Rudolph Technologies in a research note on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $18.50.
In other Rudolph Technologies news, VP Rajiv Roy purchased 2,500 shares of Rudolph Technologies stock in a transaction that occurred on Thursday, August 4th. The stock was purchased at an average price of $16.95 per share, for a total transaction of $42,375.00. Following the transaction, the vice president now directly owns 26,903 shares in the company, valued at $456,005.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John R. Whitten sold 7,500 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $17.24, for a total transaction of $129,300.00. Following the completion of the sale, the director now owns 40,000 shares of the company’s stock, valued at approximately $689,600. The disclosure for this sale can be found here. 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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