Kalos Management Inc. purchased a new position in Rudolph Technologies, Inc. (NYSE:RTEC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,566 shares of the scientific and technical instruments company’s stock, valued at approximately $330,000.
Several other large investors have also added to or reduced their stakes in RTEC. Marshall Wace North America L.P. grew its stake in shares of Rudolph Technologies by 405.7% in the second quarter. Marshall Wace North America L.P. now owns 376,190 shares of the scientific and technical instruments company’s stock worth $8,652,000 after purchasing an additional 301,807 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Rudolph Technologies by 436.1% during the second quarter. Russell Investments Group Ltd. now owns 333,406 shares of the scientific and technical instruments company’s stock valued at $7,619,000 after buying an additional 271,217 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Rudolph Technologies by 79.4% during the second quarter. Ameriprise Financial Inc. now owns 429,172 shares of the scientific and technical instruments company’s stock valued at $9,807,000 after buying an additional 189,967 shares in the last quarter. Thomson Horstmann & Bryant Inc. bought a new position in Rudolph Technologies during the third quarter valued at about $4,228,000. Finally, State Street Corp boosted its stake in Rudolph Technologies by 19.9% during the first quarter. State Street Corp now owns 883,658 shares of the scientific and technical instruments company’s stock valued at $19,793,000 after buying an additional 146,647 shares in the last quarter. 92.58% of the stock is owned by institutional investors.
In other news, VP Silveira Elvino M. Da sold 10,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total transaction of $262,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Robert Alan Koch sold 3,500 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.31, for a total value of $92,085.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,500 shares of company stock valued at $511,765. 2.00% of the stock is currently owned by company insiders.
RTEC has been the subject of several research reports. BidaskClub cut Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research cut Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Credit Suisse Group raised their target price on Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research note on Tuesday, October 31st. B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Tuesday, October 31st. Finally, DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.00.
Shares of Rudolph Technologies, Inc. (RTEC) traded down $0.20 during mid-day trading on Tuesday, reaching $23.40. The company had a trading volume of 183,600 shares, compared to its average volume of 232,947. Rudolph Technologies, Inc. has a fifty-two week low of $20.52 and a fifty-two week high of $28.10. The company has a market capitalization of $745.45, a PE ratio of 23.60, a P/E/G ratio of 1.68 and a beta of 1.03.
Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. The business had revenue of $66.90 million during the quarter, compared to the consensus estimate of $66.25 million. During the same period in the prior year, the business posted $0.29 earnings per share. Rudolph Technologies’s revenue was up 8.6% compared to the same quarter last year. research analysts expect that Rudolph Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.
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About Rudolph Technologies
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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