Royce & Associates LP cut its stake in shares of Rudolph Technologies Inc (NYSE:RTEC) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 776,730 shares of the scientific and technical instruments company’s stock after selling 201,620 shares during the quarter. Royce & Associates LP’s holdings in Rudolph Technologies were worth $18,564,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Rudolph Technologies during the 3rd quarter valued at approximately $139,000. LS Investment Advisors LLC grew its holdings in shares of Rudolph Technologies by 68.4% during the 4th quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock valued at $205,000 after purchasing an additional 3,492 shares during the last quarter. Exane Derivatives bought a new stake in shares of Rudolph Technologies during the 4th quarter valued at approximately $237,000. SG Americas Securities LLC grew its holdings in shares of Rudolph Technologies by 37.4% during the 3rd quarter. SG Americas Securities LLC now owns 10,459 shares of the scientific and technical instruments company’s stock valued at $275,000 after purchasing an additional 2,848 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Rudolph Technologies during the 4th quarter valued at approximately $251,000. 89.08% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on RTEC shares. B. Riley reissued a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a report on Tuesday, October 31st. DA Davidson reissued a “buy” rating and set a $33.00 target price on shares of Rudolph Technologies in a report on Wednesday, January 17th. Zacks Investment Research raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, February 9th. Stifel Nicolaus boosted their target price on shares of Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, BidaskClub lowered shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $29.67.
In other news, VP Steven D. Gardner sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $25.21, for a total value of $151,260.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Steven R. Roth sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $468,180.00. Following the completion of the transaction, the insider now owns 74,073 shares in the company, valued at approximately $1,926,638.73. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock worth $776,220 over the last three months. Insiders own 2.00% of the company’s stock.
Shares of Rudolph Technologies Inc (RTEC) opened at $26.30 on Thursday. Rudolph Technologies Inc has a 1-year low of $21.00 and a 1-year high of $28.50. The firm has a market cap of $829.71, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.79 and a beta of 1.13.
Rudolph Technologies (NYSE:RTEC) last posted its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. The firm had revenue of $60.08 million for the quarter, compared to analyst estimates of $60.79 million. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities analysts anticipate that Rudolph Technologies Inc will post 1.47 EPS for the current year.
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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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