Rudolph Technologies, Inc. (NYSE:RTEC) Position Cut by Boston Advisors LLC

Boston Advisors LLC cut its stake in Rudolph Technologies, Inc. (NYSE:RTEC) by 40.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 145,446 shares of the scientific and technical instruments company’s stock after selling 97,822 shares during the period. Boston Advisors LLC owned 0.46% of Rudolph Technologies worth $3,323,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in Rudolph Technologies by 109.1% in the first quarter. Renaissance Technologies LLC now owns 611,736 shares of the scientific and technical instruments company’s stock valued at $13,703,000 after buying an additional 319,136 shares in the last quarter. AQR Capital Management LLC boosted its stake in Rudolph Technologies by 112.5% in the first quarter. AQR Capital Management LLC now owns 567,047 shares of the scientific and technical instruments company’s stock valued at $12,702,000 after buying an additional 300,169 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Rudolph Technologies by 436.1% in 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 during the last quarter. State Street Corp raised its position in shares of Rudolph Technologies by 19.9% in 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 during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Rudolph Technologies by 223.4% in the first quarter. American Century Companies Inc. now owns 208,800 shares of the scientific and technical instruments company’s stock valued at $4,677,000 after buying an additional 144,236 shares during the last quarter. Institutional investors and hedge funds own 91.89% of the company’s stock.

Shares of Rudolph Technologies, Inc. (RTEC) traded up 2.09% during midday trading on Friday, hitting $21.95. 264,146 shares of the stock traded hands. The company has a market capitalization of $692.30 million, a PE ratio of 22.15 and a beta of 1.08. The firm’s 50 day moving average price is $23.93 and its 200 day moving average price is $23.26. Rudolph Technologies, Inc. has a 12-month low of $16.80 and a 12-month high of $27.30.

Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $67.40 million during the quarter, compared to analysts’ expectations of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. Rudolph Technologies’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 EPS. Analysts expect that Rudolph Technologies, Inc. will post $1.17 EPS for the current year.

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Several equities analysts recently weighed in on RTEC shares. Stifel Nicolaus raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, May 6th. Credit Suisse Group lowered shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective on the stock. in a research report on Tuesday, May 2nd. B. Riley reaffirmed a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a research report on Tuesday. Finally, BidaskClub lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.20.

In other Rudolph Technologies news, Director John R. Whitten sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $24.33, for a total transaction of $243,300.00. Following the completion of the transaction, the director now owns 43,300 shares of the company’s stock, valued at approximately $1,053,489. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Silveira Elvino M. Da sold 3,439 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $24.71, for a total value of $84,977.69. Following the transaction, the vice president now directly owns 43,065 shares of the company’s stock, valued at approximately $1,064,136.15. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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.

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

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