Tanaka Capital Management Inc. decreased its holdings in Rudolph Technologies Inc (NYSE:RTEC) by 22.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,558 shares of the scientific and technical instruments company’s stock after selling 15,333 shares during the quarter. Rudolph Technologies accounts for about 3.8% of Tanaka Capital Management Inc.’s portfolio, making the stock its 9th largest holding. Tanaka Capital Management Inc. owned approximately 0.17% of Rudolph Technologies worth $1,585,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of RTEC. Prudential Financial Inc. raised its position in shares of Rudolph Technologies by 41.1% in the 1st quarter. Prudential Financial Inc. now owns 76,930 shares of the scientific and technical instruments company’s stock valued at $2,131,000 after buying an additional 22,400 shares in the last quarter. Aperio Group LLC raised its position in shares of Rudolph Technologies by 15.6% in the 1st quarter. Aperio Group LLC now owns 20,778 shares of the scientific and technical instruments company’s stock valued at $576,000 after buying an additional 2,799 shares in the last quarter. Alambic Investment Management L.P. raised its position in shares of Rudolph Technologies by 16.9% in the 1st quarter. Alambic Investment Management L.P. now owns 25,657 shares of the scientific and technical instruments company’s stock valued at $711,000 after buying an additional 3,700 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Rudolph Technologies by 1,635.6% in the 1st quarter. Systematic Financial Management LP now owns 355,389 shares of the scientific and technical instruments company’s stock valued at $9,844,000 after buying an additional 334,912 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Rudolph Technologies by 0.8% in the 1st quarter. Northern Trust Corp now owns 406,545 shares of the scientific and technical instruments company’s stock valued at $11,263,000 after buying an additional 3,372 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.
Several brokerages have recently commented on RTEC. Sidoti cut shares of Rudolph Technologies from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Monday, June 4th. ValuEngine upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research cut shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $32.50.
In related news, VP Richard B. Rogoff sold 3,768 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $27.70, for a total transaction of $104,373.60. Following the completion of the transaction, the vice president now directly owns 32,688 shares in the company, valued at approximately $905,457.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.
RTEC stock opened at $24.70 on Monday. The company has a market cap of $778.38 million, a P/E ratio of 23.75, a P/E/G ratio of 1.49 and a beta of 0.85. Rudolph Technologies Inc has a 1 year low of $23.05 and a 1 year high of $34.55.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings data on Thursday, August 2nd. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.03. The business had revenue of $77.48 million during the quarter, compared to analysts’ expectations of $77.80 million. Rudolph Technologies had a net margin of 16.71% and a return on equity of 14.01%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. analysts anticipate that Rudolph Technologies Inc will post 1.63 earnings per share for the current year.
Rudolph Technologies Profile
Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and data analysis systems and software used in microelectronic device manufacturing. The company also offers process and yield management solutions used in wafer processing facilities, and device packaging and test facilities manufacturing through standalone systems for macro-defect inspection, lithography, probe card test and analysis, and transparent and opaque thin film measurements.
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