Old Mutual Global Investors UK Ltd. Has $3.11 Million Holdings in Rudolph Technologies, Inc. (RTEC)
Old Mutual Global Investors UK Ltd. raised its position in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 78.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,255 shares of the scientific and technical instruments company’s stock after buying an additional 51,899 shares during the period. Old Mutual Global Investors UK Ltd. owned about 0.37% of Rudolph Technologies worth $3,110,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in Rudolph Technologies by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,210 shares of the scientific and technical instruments company’s stock valued at $141,000 after buying an additional 2,760 shares during the period. Acadian Asset Management LLC boosted its position in Rudolph Technologies by 533.0% during the 2nd quarter. Acadian Asset Management LLC now owns 7,748 shares of the scientific and technical instruments company’s stock valued at $177,000 after buying an additional 6,524 shares during the period. Victory Capital Management Inc. boosted its position in Rudolph Technologies by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 9,387 shares of the scientific and technical instruments company’s stock valued at $214,000 after buying an additional 1,408 shares during the period. BNP Paribas Arbitrage SA boosted its position in Rudolph Technologies by 29.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,433 shares of the scientific and technical instruments company’s stock valued at $216,000 after buying an additional 2,170 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Rudolph Technologies during the 2nd quarter valued at $229,000. 92.22% of the stock is owned by institutional investors and hedge funds.
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In related news, VP Silveira Elvino M. Da sold 10,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $26.29, for a total value of $262,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.
Several equities research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $30.00 price target on shares of Rudolph Technologies in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Tuesday. DA Davidson restated a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a report on Monday, September 18th. BidaskClub upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Finally, Credit Suisse Group upped their price objective on shares of Rudolph Technologies from $23.00 to $24.00 and gave the stock an “underperform” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.00.
Rudolph Technologies, Inc. (RTEC) opened at $26.45 on Thursday. Rudolph Technologies, Inc. has a 1-year low of $16.80 and a 1-year high of $28.10. The company has a market cap of $835.47, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08.
Rudolph Technologies (NYSE:RTEC) last issued its quarterly earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $66.90 million during the quarter, compared to analyst estimates of $66.25 million. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. Rudolph Technologies’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. equities analysts forecast that Rudolph Technologies, Inc. will post 1.05 EPS for the current year.
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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