Alambic Investment Management L.P. increased its position in shares of Rudolph Technologies Inc (NYSE:RTEC) by 14.1% during the first quarter, Holdings Channel reports. The fund owned 72,700 shares of the scientific and technical instruments company’s stock after buying an additional 9,000 shares during the period. Alambic Investment Management L.P.’s holdings in Rudolph Technologies were worth $1,628,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Acrospire Investment Management LLC acquired a new position in Rudolph Technologies during the third quarter worth approximately $120,000. Municipal Employees Retirement System of Michigan boosted its position in Rudolph Technologies by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,850 shares of the scientific and technical instruments company’s stock worth $122,000 after buying an additional 110 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Rudolph Technologies during the first quarter worth approximately $207,000. Teza Capital Management LLC acquired a new position in Rudolph Technologies during the fourth quarter worth approximately $224,000. Finally, Westwood Management Corp IL acquired a new position in Rudolph Technologies during the first quarter worth approximately $224,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Rudolph Technologies Inc (NYSE:RTEC) traded down 0.81% during trading on Friday, hitting $24.35. The stock had a trading volume of 256,309 shares. The company’s 50 day moving average is $23.22 and its 200-day moving average is $21.94. Rudolph Technologies Inc has a 12 month low of $13.55 and a 12 month high of $25.45. The company has a market cap of $765.54 million, a PE ratio of 25.88 and a beta of 1.31.
Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Monday, May 1st. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Rudolph Technologies had a return on equity of 9.44% and a net margin of 15.87%. The firm had revenue of $60.70 million for the quarter, compared to the consensus estimate of $58.58 million. During the same quarter last year, the business posted $0.18 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that Rudolph Technologies Inc will post $1.16 earnings per share for the current year.
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A number of research firms recently commented on RTEC. B. Riley reissued a “buy” rating and issued a $28.00 price target on shares of Rudolph Technologies in a report on Wednesday, March 22nd. Stifel Nicolaus boosted their price target on Rudolph Technologies from $19.00 to $24.00 and gave the stock a “hold” rating in a report on Tuesday, May 2nd. Zacks Investment Research cut Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Dougherty & Co raised Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, April 19th. Finally, Credit Suisse Group AG downgraded Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $26.20.
In other news, VP Steven D. Gardner sold 7,406 shares of Rudolph Technologies stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $21.67, for a total value of $160,488.02. Following the completion of the sale, the vice president now directly owns 51,066 shares of the company’s stock, valued at $1,106,600.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert Alan Koch sold 4,000 shares of Rudolph Technologies stock in a transaction on Friday, May 12th. The shares were sold at an average price of $24.55, for a total value of $98,200.00. Following the completion of the sale, the vice president now directly owns 74,755 shares of the company’s stock, valued at $1,835,235.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,406 shares of company stock valued at $940,488. 4.60% of the stock is owned by insiders.
Rudolph Technologies Company Profile
Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used by microelectronics device manufacturers. The Company provides process and yield management solutions used in both wafer processing and final manufacturing through a family of standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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