Stephens Investment Management Group LLC reduced its stake in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 0.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 560,346 shares of the scientific and technical instruments company’s stock after selling 4,285 shares during the quarter. Stephens Investment Management Group LLC owned approximately 1.78% of Rudolph Technologies worth $12,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of RTEC. Morgan Stanley raised its holdings in shares of Rudolph Technologies by 15.7% in the first quarter. Morgan Stanley now owns 345,351 shares of the scientific and technical instruments company’s stock valued at $7,736,000 after acquiring an additional 46,941 shares in the last quarter. Swiss National Bank raised its holdings in shares of Rudolph Technologies by 6.4% in the first quarter. Swiss National Bank now owns 48,300 shares of the scientific and technical instruments company’s stock valued at $1,082,000 after acquiring an additional 2,900 shares in the last quarter. Westwood Management Corp IL raised its holdings in shares of Rudolph Technologies by 100.0% in the second quarter. Westwood Management Corp IL now owns 20,000 shares of the scientific and technical instruments company’s stock valued at $457,000 after acquiring an additional 10,000 shares in the last quarter. Legato Capital Management LLC raised its holdings in shares of Rudolph Technologies by 888.8% in the second quarter. Legato Capital Management LLC now owns 15,336 shares of the scientific and technical instruments company’s stock valued at $350,000 after acquiring an additional 13,785 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new stake in shares of Rudolph Technologies in the second quarter valued at about $266,000. 91.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Rudolph Technologies, Inc. (RTEC) traded up 0.44% during trading on Wednesday, reaching $22.75. 11,369 shares of the company’s stock were exchanged. The company has a market capitalization of $717.54 million, a P/E ratio of 22.96 and a beta of 1.12. Rudolph Technologies, Inc. has a 12-month low of $16.80 and a 12-month high of $27.30. The stock has a 50-day moving average price of $22.61 and a 200 day moving average price of $23.20.

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 (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The business had revenue of $67.40 million during the quarter, compared to analysts’ expectations of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities analysts expect that Rudolph Technologies, Inc. will post $1.17 EPS for the current fiscal year.

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Several analysts recently weighed in on RTEC shares. Stifel Nicolaus upgraded Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, June 16th. They noted that the move was a valuation call. B. Riley started coverage on Rudolph Technologies in a report on Monday. They issued a “buy” rating and a $30.00 price objective for the company. BidaskClub downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Zacks Investment Research downgraded Rudolph Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Rudolph Technologies has an average rating of “Hold” and a consensus price target of $27.20.

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.

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

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