Voya Investment Management LLC Has $1.80 Million Stake in Rudolph Technologies, Inc. (RTEC)

Voya Investment Management LLC raised its position in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 119.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,629 shares of the scientific and technical instruments company’s stock after acquiring an additional 42,780 shares during the period. Voya Investment Management LLC owned approximately 0.25% of Rudolph Technologies worth $1,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its position in shares of Rudolph Technologies by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock worth $141,000 after buying an additional 2,760 shares during the period. Mason Street Advisors LLC boosted its position in shares of Rudolph Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock worth $164,000 after buying an additional 527 shares during the period. Acadian Asset Management LLC boosted its position in shares of Rudolph Technologies by 533.0% in the second quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock worth $177,000 after buying an additional 6,524 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Rudolph Technologies by 45.6% in the first quarter. Victory Capital Management Inc. now owns 7,979 shares of the scientific and technical instruments company’s stock worth $179,000 after acquiring an additional 2,499 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Rudolph Technologies by 29.9% in the second quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock worth $216,000 after acquiring an additional 2,170 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

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Shares of Rudolph Technologies, Inc. (NYSE:RTEC) traded up 0.74% during mid-day trading on Friday, hitting $27.40. The stock had a trading volume of 191,778 shares. The stock has a market cap of $864.20 million, a price-to-earnings ratio of 27.65 and a beta of 1.13. The firm has a 50 day moving average of $25.31 and a 200 day moving average of $24.08. Rudolph Technologies, Inc. has a one year low of $16.80 and a one year high of $27.95.

Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The business had revenue of $67.40 million for the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. On average, analysts forecast that Rudolph Technologies, Inc. will post $1.17 earnings per share for the current year.

Several research firms recently commented on RTEC. Zacks Investment Research upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. BidaskClub upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. DA Davidson restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research note on Monday, September 18th. Finally, B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $27.80.

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.

Institutional Ownership by Quarter for Rudolph Technologies (NYSE:RTEC)

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