Swiss National Bank grew its position in shares of Rudolph Technologies Inc (NYSE:RTEC) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,200 shares of the scientific and technical instruments company’s stock after buying an additional 4,900 shares during the quarter. Swiss National Bank owned approximately 0.17% of Rudolph Technologies worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Rudolph Technologies by 4.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,202 shares of the scientific and technical instruments company’s stock valued at $554,000 after buying an additional 983 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Rudolph Technologies in the 2nd quarter valued at $441,000. Nationwide Fund Advisors boosted its stake in Rudolph Technologies by 3.4% in the third quarter. Nationwide Fund Advisors now owns 124,897 shares of the scientific and technical instruments company’s stock worth $3,285,000 after purchasing an additional 4,125 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Rudolph Technologies in the third quarter worth $292,000. Finally, Victory Capital Management Inc. boosted its stake in Rudolph Technologies by 459.2% in the third quarter. Victory Capital Management Inc. now owns 52,495 shares of the scientific and technical instruments company’s stock worth $1,381,000 after purchasing an additional 43,108 shares in the last quarter. Institutional investors and hedge funds own 91.15% of the company’s stock.
In other Rudolph Technologies news, insider Steven R. Roth sold 18,000 shares of Rudolph Technologies stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $26.01, for a total transaction of $468,180.00. Following the transaction, the insider now directly owns 74,073 shares of the company’s stock, valued at approximately $1,926,638.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Steven D. Gardner sold 6,000 shares of Rudolph Technologies stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $25.21, for a total value of $151,260.00. Following the transaction, the vice president now directly owns 37,102 shares in the company, valued at $935,341.42. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
Shares of RTEC stock traded up $0.55 during midday trading on Wednesday, reaching $29.90. The company had a trading volume of 36,386 shares, compared to its average volume of 226,096. Rudolph Technologies Inc has a 1 year low of $21.00 and a 1 year high of $30.85. The firm has a market capitalization of $940.34, a PE ratio of 28.77, a PEG ratio of 2.02 and a beta of 1.08.
Rudolph Technologies (NYSE:RTEC) last announced 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. The company had revenue of $60.08 million for the quarter, compared to analyst estimates of $60.79 million. Rudolph Technologies had a return on equity of 11.08% and a net margin of 12.90%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. equities analysts forecast that Rudolph Technologies Inc will post 1.47 earnings per share for the current year.
Several equities analysts have recently issued reports on RTEC shares. DA Davidson reiterated a “buy” rating and issued a $33.00 price objective on shares of Rudolph Technologies in a report on Wednesday, January 17th. Zacks Investment Research upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Friday, February 9th. Stifel Nicolaus increased their price target on Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. B. Riley increased their price target on Rudolph Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Sidoti began coverage on Rudolph Technologies in a research report on Friday, March 16th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $29.67.
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.
Receive News & Ratings for Rudolph Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies and related companies with MarketBeat.com's FREE daily email newsletter.