Boston Advisors LLC Sells 97,822 Shares of Rudolph Technologies, Inc. (NYSE:RTEC)

Boston Advisors LLC decreased its stake in Rudolph Technologies, Inc. (NYSE:RTEC) by 40.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.46% of Rudolph Technologies worth $3,323,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of RTEC. State of Alaska Department of Revenue raised its stake in Rudolph Technologies by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock worth $141,000 after buying an additional 2,760 shares during the period. Mason Street Advisors LLC raised its stake in Rudolph Technologies by 7.8% in the first quarter. Mason Street Advisors LLC now owns 7,305 shares of the scientific and technical instruments company’s stock worth $164,000 after buying an additional 527 shares during the period. Acadian Asset Management LLC increased its position in shares of Rudolph Technologies by 533.0% in the second quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock worth $177,000 after buying an additional 6,524 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Rudolph Technologies by 45.6% in the first quarter. Victory Capital Management Inc. now owns 7,979 shares of the scientific and technical instruments company’s stock worth $179,000 after buying an additional 2,499 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Rudolph Technologies during the first quarter worth approximately $207,000. Institutional investors and hedge funds own 91.96% of the company’s stock.

Rudolph Technologies, Inc. (RTEC) traded up 0.70% on Friday, reaching $21.50. The company’s stock had a trading volume of 981,750 shares. The stock’s 50 day moving average is $23.58 and its 200-day moving average is $23.21. Rudolph Technologies, Inc. has a 52 week low of $16.80 and a 52 week high of $27.30. The firm has a market capitalization of $678.11 million, a PE ratio of 21.70 and a beta of 1.08.

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

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A number of research analysts recently commented on the company. BidaskClub raised Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. B. Riley reissued a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a report on Sunday, May 7th. Stifel Nicolaus increased their price target on Rudolph Technologies from $19.00 to $24.00 and gave the company a “hold” rating in a report on Tuesday, May 2nd. Zacks Investment Research downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Credit Suisse Group downgraded Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Rudolph Technologies currently has a consensus rating of “Hold” and a consensus target price of $27.20.

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.

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

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