Bailard Inc. bought a new position in shares of Rudolph Technologies Inc (NYSE:RTEC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the scientific and technical instruments company’s stock, valued at approximately $837,000. Bailard Inc. owned 0.11% of Rudolph Technologies at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of RTEC. Cornerstone Capital Management Holdings LLC. purchased a new position in Rudolph Technologies during the third quarter worth about $139,000. LS Investment Advisors LLC raised its stake in Rudolph Technologies by 68.4% during the fourth quarter. LS Investment Advisors LLC now owns 8,596 shares of the scientific and technical instruments company’s stock worth $205,000 after purchasing an additional 3,492 shares during the period. Exane Derivatives purchased a new position in Rudolph Technologies during the fourth quarter worth about $237,000. Teacher Retirement System of Texas purchased a new position in Rudolph Technologies during the fourth quarter worth about $251,000. Finally, SG Americas Securities LLC raised its stake in Rudolph Technologies by 37.4% during the third quarter. SG Americas Securities LLC now owns 10,459 shares of the scientific and technical instruments company’s stock worth $275,000 after purchasing an additional 2,848 shares during the period. 91.48% of the stock is currently owned by institutional investors.
In related news, VP Steven D. Gardner sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $25.21, for a total transaction of $151,260.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Robert Alan Koch sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $26.31, for a total transaction of $92,085.00. The disclosure for this sale can be found here. Insiders sold a total of 15,500 shares of company stock worth $400,125 over the last three months. Insiders own 2.00% of the company’s stock.
A number of brokerages have commented on RTEC. Credit Suisse Group lifted their target price on shares of Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 31st. Zacks Investment Research downgraded shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. BidaskClub downgraded shares of Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Stifel Nicolaus boosted their price target on shares of Rudolph Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, B. Riley boosted their price target on shares of Rudolph Technologies from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Rudolph Technologies currently has an average rating of “Buy” and an average price target of $29.67.
Shares of Rudolph Technologies Inc (NYSE RTEC) opened at $25.80 on Friday. The stock has a market cap of $799.15, a P/E ratio of 25.29, a PEG ratio of 1.72 and a beta of 1.13. Rudolph Technologies Inc has a 52 week low of $21.00 and a 52 week high of $28.50.
Rudolph Technologies (NYSE:RTEC) last released its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The business had revenue of $60.08 million for the quarter, compared to the consensus estimate of $60.79 million. Rudolph Technologies had a net margin of 12.90% and a return on equity of 11.08%. The business’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. analysts anticipate that Rudolph Technologies Inc will post 1.47 EPS for the current year.
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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.
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