Nationwide Fund Advisors boosted its stake in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,897 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,125 shares during the quarter. Nationwide Fund Advisors owned approximately 0.40% of Rudolph Technologies worth $3,285,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in RTEC. Aperio Group LLC raised its stake in Rudolph Technologies by 3.7% during the 2nd quarter. Aperio Group LLC now owns 16,001 shares of the scientific and technical instruments company’s stock valued at $366,000 after acquiring an additional 565 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Rudolph Technologies by 4.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 45,543 shares of the scientific and technical instruments company’s stock valued at $1,040,000 after acquiring an additional 2,100 shares in the last quarter. Texas Permanent School Fund raised its stake in 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 valued at $525,000 after acquiring an additional 338 shares in the last quarter. Cigna Investments Inc. New bought a new stake in Rudolph Technologies during the 2nd quarter valued at $266,000. Finally, Trexquant Investment LP bought a new stake in Rudolph Technologies during the 2nd quarter valued at $229,000. Institutional investors and hedge funds own 92.58% of the company’s stock.
In other news, VP Silveira Elvino M. Da sold 10,000 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $26.29, for a total value of $262,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel H. Berry sold 6,000 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $26.13, for a total value of $156,780.00. Following the completion of the sale, the director now directly owns 24,200 shares in the company, valued at approximately $632,346. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $511,765 in the last three months. Company insiders own 2.00% of the company’s stock.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Rudolph Technologies had a return on equity of 10.49% and a net margin of 15.99%. The company had revenue of $66.90 million for the quarter, compared to the consensus estimate of $66.25 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. sell-side analysts anticipate that Rudolph Technologies, Inc. will post 1.04 earnings per share for the current year.
Several analysts have weighed in on RTEC shares. B. Riley reaffirmed a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Thursday, September 21st. BidaskClub raised Rudolph Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. DA Davidson reaffirmed a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Zacks Investment Research raised Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group lifted their target price on Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Rudolph Technologies currently has an average rating of “Hold” and an average target price of $28.00.
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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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