Timpani Capital Management LLC lifted its holdings in Rudolph Technologies, Inc. (NYSE:RTEC) by 166.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,995 shares of the scientific and technical instruments company’s stock after buying an additional 55,588 shares during the quarter. Timpani Capital Management LLC owned about 0.28% of Rudolph Technologies worth $2,034,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. increased its position in Rudolph Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 22,118 shares of the scientific and technical instruments company’s stock worth $505,000 after purchasing an additional 57 shares during the period. Louisiana State Employees Retirement System increased its position in Rudolph Technologies by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the scientific and technical instruments company’s stock worth $292,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its position in Rudolph Technologies by 0.6% in the second quarter. Arizona State Retirement System now owns 16,424 shares of the scientific and technical instruments company’s stock worth $375,000 after purchasing an additional 100 shares during the period. Wellington Management Group LLP grew its position in shares of Rudolph Technologies by 0.5% during the 1st quarter. Wellington Management Group LLP now owns 27,097 shares of the scientific and technical instruments company’s stock worth $607,000 after buying an additional 148 shares during the period. Finally, Texas Permanent School Fund grew its position in shares of Rudolph Technologies by 1.5% during the 2nd quarter. Texas Permanent School Fund now owns 22,955 shares of the scientific and technical instruments company’s stock worth $525,000 after buying an additional 338 shares during the period. 91.89% of the stock is owned by institutional investors and hedge funds.
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Several research firms have recently issued reports on RTEC. B. Riley reiterated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research report on Tuesday, August 8th. Zacks Investment Research cut Rudolph Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, June 16th. They noted that the move was a valuation call. 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. The company has an average rating of “Hold” and a consensus price target of $27.20.
Rudolph Technologies, Inc. (NYSE RTEC) traded down 1.06% during mid-day trading on Friday, hitting $23.30. The stock had a trading volume of 409,284 shares. The stock has a market capitalization of $734.88 million, a P/E ratio of 23.51 and a beta of 1.12. Rudolph Technologies, Inc. has a 52 week low of $16.80 and a 52 week high of $27.30. The company’s 50 day moving average is $22.36 and its 200-day moving average is $23.22.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $67.40 million during the quarter, compared to the consensus estimate of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. Rudolph Technologies’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 earnings per share. On average, analysts expect that Rudolph Technologies, Inc. will post $1.17 EPS for the current fiscal year.
Rudolph Technologies 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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