Boston Advisors LLC decreased its stake in Rudolph Technologies Inc. (NYSE:RTEC) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 420,888 shares of the company’s stock after selling 810 shares during the period. Boston Advisors LLC’s holdings in Rudolph Technologies were worth $6,536,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Palisade Capital Management LLC NJ raised its position in 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 period. Voce Capital Management LLC raised its position in Rudolph Technologies by 1.9% in the first quarter. Voce Capital Management LLC now owns 239,917 shares of the company’s stock worth $3,277,000 after buying an additional 4,400 shares during the period. Foundry Partners LLC raised its position in Rudolph Technologies by 0.3% in the second quarter. Foundry Partners LLC now owns 149,595 shares of the company’s stock worth $2,323,000 after buying an additional 425 shares during the period. Hancock Holding Co. raised 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 during the period. Finally, Value Holdings LP raised its position in Rudolph Technologies by 112.1% in the first quarter. Value Holdings LP now owns 62,555 shares of the company’s stock worth $855,000 after buying an additional 33,055 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.
Shares of Rudolph Technologies Inc. (NYSE:RTEC) traded up 0.85% during mid-day trading on Wednesday, reaching $17.78. The company’s stock had a trading volume of 253,049 shares. The firm has a 50-day moving average of $17.51 and a 200-day moving average of $15.34. The firm has a market capitalization of $550.11 million, a PE ratio of 17.80 and a beta of 1.15. Rudolph Technologies Inc. has a 52 week low of $11.17 and a 52 week high of $18.00.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The company earned $62.70 million during the quarter, compared to analysts’ expectations of $60.27 million. Rudolph Technologies had a net margin of 13.95% and a return on equity of 9.17%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. Equities research analysts forecast that Rudolph Technologies Inc. will post $1.04 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on RTEC shares. Dougherty & Co lowered Rudolph Technologies from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Thursday, August 4th. B. Riley reiterated a “buy” rating and issued a $17.00 target price on shares of Rudolph Technologies in a report on Monday, July 4th. Finally, Stifel Nicolaus lifted their target price on Rudolph Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $18.50.
In other news, insider Steven R. Roth sold 15,000 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $17.00, for a total transaction of $255,000.00. Following the transaction, the insider now owns 76,207 shares of the company’s stock, valued at $1,295,519. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Rajiv Roy purchased 2,500 shares of Rudolph Technologies stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $456,005.85. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by company insiders.
Rudolph Technologies Company Profile
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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