Highbridge Capital Management LLC purchased a new stake in shares of Rudolph Technologies, Inc. (NYSE:RTEC) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 14,934 shares of the scientific and technical instruments company’s stock, valued at approximately $334,000.

Several other hedge funds have also recently added to or reduced their stakes in RTEC. Wellington Management Group LLP raised its stake in shares of Rudolph Technologies by 0.5% in the first 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 last quarter. Louisiana State Employees Retirement System raised its stake in Rudolph Technologies by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the scientific and technical instruments company’s stock worth $284,000 after buying an additional 200 shares in the last quarter. Dalton Greiner Hartman Maher & Co. raised its stake in Rudolph Technologies by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 82,374 shares of the scientific and technical instruments company’s stock worth $1,845,000 after buying an additional 320 shares in the last quarter. Capital One National Association raised its stake in Rudolph Technologies by 1.0% in the first quarter. Capital One National Association now owns 31,814 shares of the scientific and technical instruments company’s stock worth $713,000 after buying an additional 320 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Rudolph Technologies by 2.5% in the first quarter. Arizona State Retirement System now owns 16,324 shares of the scientific and technical instruments company’s stock worth $366,000 after buying an additional 400 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rudolph Technologies, Inc. (NYSE:RTEC) traded down 7.87% during midday trading on Thursday, hitting $21.65. 336,888 shares of the stock traded hands. Rudolph Technologies, Inc. has a one year low of $16.80 and a one year high of $27.30. The firm has a 50-day moving average price of $24.37 and a 200 day moving average price of $23.31. The stock has a market cap of $680.68 million, a price-to-earnings ratio of 23.03 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 the Zacks’ consensus estimate of $0.28 by $0.02. The business had revenue of $67.40 million during the quarter, compared to analyst estimates of $65.60 million. Rudolph Technologies had a return on equity of 10.33% and a net margin of 12.62%. The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Analysts anticipate that Rudolph Technologies, Inc. will post $1.17 earnings per share for the current year.

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A number of analysts have recently weighed in on the company. BidaskClub upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. B. Riley reiterated a “buy” rating and set a $30.00 target price on shares of Rudolph Technologies in a research note on Sunday, May 7th. Stifel Nicolaus upped their price objective on shares of Rudolph Technologies from $19.00 to $24.00 and gave the company a “hold” rating in a research note on Tuesday, May 2nd. Dougherty & Co upgraded shares of Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, April 19th. Finally, Credit Suisse Group downgraded shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Rudolph Technologies presently has a consensus rating of “Buy” and an average target price of $27.20.

In other Rudolph Technologies news, VP Silveira Elvino M. Da sold 3,439 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $24.71, for a total value of $84,977.69. Following the sale, the vice president now owns 43,065 shares of the company’s stock, valued at $1,064,136.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Steven R. Roth sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $24.35, for a total value of $681,800.00. Following the completion of the sale, the insider now directly owns 143,324 shares in the company, valued at approximately $3,489,939.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,439 shares of company stock valued at $1,108,278. 2.00% of the stock is owned by company insiders.

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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