Municipal Employees Retirement System of Michigan continued to hold its stake in Rudolph Technologies, Inc. (NYSE:RTEC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,020 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Rudolph Technologies were worth $157,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mason Street Advisors LLC boosted 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 valued at $164,000 after buying an additional 527 shares during the period. Victory Capital Management Inc. boosted its stake 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 during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Rudolph Technologies during the first quarter worth approximately $207,000. Westwood Management Corp IL bought a new stake in shares of Rudolph Technologies during the first quarter worth approximately $224,000. Finally, SG Americas Securities LLC raised its position in Rudolph Technologies by 40.7% in the first quarter. SG Americas Securities LLC now owns 10,032 shares of the scientific and technical instruments company’s stock valued at $225,000 after buying an additional 2,900 shares in the last quarter. Institutional investors own 91.89% of the company’s stock.

Shares of Rudolph Technologies, Inc. (NYSE RTEC) traded down 1.34% on Tuesday, hitting $22.05. The stock had a trading volume of 254,807 shares. The company has a market capitalization of $694.57 million, a PE ratio of 22.25 and a beta of 1.08. Rudolph Technologies, Inc. has a 1-year low of $16.80 and a 1-year high of $27.30. The firm has a 50-day moving average of $24.22 and a 200 day moving average of $23.29.

Rudolph Technologies (NYSE:RTEC) last announced 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. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The company had revenue of $67.40 million during the quarter, compared to analyst estimates of $65.60 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Rudolph Technologies, Inc. will post $1.17 earnings per share for the current fiscal year.

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RTEC has been the topic of several recent analyst reports. Dougherty & Co upgraded Rudolph Technologies from a “neutral” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, April 19th. B. Riley restated a “buy” rating and issued a $30.00 price target on shares of Rudolph Technologies in a report on Tuesday, May 2nd. Stifel Nicolaus raised Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. Zacks Investment Research raised Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Saturday, May 6th. Finally, BidaskClub raised Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target 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 shares were sold at an average price of $24.71, for a total transaction of $84,977.69. Following the sale, the vice president now owns 43,065 shares of the company’s stock, valued at approximately $1,064,136.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Robert Alan Koch sold 4,000 shares of Rudolph Technologies stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $24.55, for a total transaction of $98,200.00. Following the sale, the vice president now owns 74,755 shares of the company’s stock, valued at $1,835,235.25. The disclosure for this sale can be found here. Insiders have sold a total of 45,439 shares of company stock valued at $1,108,278 in the last quarter. 2.00% of the stock is currently owned by company insiders.

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.

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

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