Assenagon Asset Management S.A. Invests $3.06 Million in Rudolph Technologies Inc (RTEC) Stock

Assenagon Asset Management S.A. purchased a new position in Rudolph Technologies Inc (NYSE:RTEC) in the third quarter, Holdings Channel reports. The fund purchased 124,932 shares of the scientific and technical instruments company’s stock, valued at approximately $3,055,000.

Other large investors also recently modified their holdings of the company. Macquarie Group Ltd. lifted its position in shares of Rudolph Technologies by 102.1% during the 2nd quarter. Macquarie Group Ltd. now owns 3,959 shares of the scientific and technical instruments company’s stock worth $117,000 after buying an additional 2,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Rudolph Technologies by 495.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,320 shares of the scientific and technical instruments company’s stock worth $128,000 after buying an additional 3,594 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Rudolph Technologies by 319.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,304 shares of the scientific and technical instruments company’s stock worth $157,000 after buying an additional 4,038 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Rudolph Technologies during the 2nd quarter worth approximately $219,000. Finally, Sei Investments Co. lifted its position in shares of Rudolph Technologies by 399.0% during the 2nd quarter. Sei Investments Co. now owns 7,565 shares of the scientific and technical instruments company’s stock worth $224,000 after buying an additional 6,049 shares during the last quarter. Institutional investors and hedge funds own 92.79% of the company’s stock.

In related news, VP Richard B. Rogoff sold 3,768 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $27.70, for a total value of $104,373.60. Following the completion of the sale, the vice president now owns 32,688 shares in the company, valued at approximately $905,457.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on RTEC. ValuEngine upgraded shares of Rudolph Technologies from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, August 29th. B. Riley reduced their price objective on shares of Rudolph Technologies from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, October 4th. Finally, Sidoti upgraded shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Monday, September 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $32.80.

Shares of NYSE:RTEC opened at $21.16 on Tuesday. The company has a market cap of $678.85 million, a PE ratio of 20.35, a P/E/G ratio of 1.59 and a beta of 1.08. Rudolph Technologies Inc has a twelve month low of $19.06 and a twelve month high of $34.55.

Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.25 by $0.01. Rudolph Technologies had a net margin of 13.36% and a return on equity of 13.13%. The firm had revenue of $60.43 million during the quarter, compared to the consensus estimate of $60.74 million. During the same quarter in the prior year, the firm earned $0.33 EPS. Rudolph Technologies’s revenue for the quarter was down 9.7% on a year-over-year basis. As a group, research analysts expect that Rudolph Technologies Inc will post 1.34 earnings per share for the current fiscal year.

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

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