Chartwell Investment Partners LLC decreased its position in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 4.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,091 shares of the scientific and technical instruments company’s stock after selling 5,000 shares during the period. Chartwell Investment Partners LLC owned about 0.33% of Rudolph Technologies worth $2,356,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Alps Advisors Inc. boosted its position in shares of Rudolph Technologies by 0.3% in the second quarter. Alps Advisors Inc. now owns 22,118 shares of the scientific and technical instruments company’s stock worth $505,000 after buying an additional 57 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Rudolph Technologies by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the scientific and technical instruments company’s stock worth $292,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Rudolph Technologies by 0.6% in the second quarter. Arizona State Retirement System now owns 16,424 shares of the scientific and technical instruments company’s stock worth $375,000 after buying an additional 100 shares in the last quarter. Wellington Management Group LLP boosted its position 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 in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in shares of 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. Hedge funds and other institutional investors own 91.96% of the company’s stock.
Rudolph Technologies, Inc. (NYSE RTEC) opened at 21.95 on Wednesday. Rudolph Technologies, Inc. has a 12-month low of $16.80 and a 12-month high of $27.30. The firm has a market cap of $692.30 million, a PE ratio of 22.15 and a beta of 1.08. The stock has a 50 day moving average of $23.54 and a 200 day moving average of $23.20.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $67.40 million during the quarter, compared to the consensus estimate of $65.60 million. Rudolph Technologies had a return on equity of 10.36% and a net margin of 13.02%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts anticipate that Rudolph Technologies, Inc. will post $1.17 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: This piece was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be read at https://stocknewstimes.com/2017/08/23/chartwell-investment-partners-llc-has-2-36-million-position-in-rudolph-technologies-inc-rtec.html.
A number of research analysts recently issued reports on the stock. B. Riley restated a “buy” rating and set a $30.00 price objective on shares of Rudolph Technologies in a report on Tuesday, August 8th. Stifel Nicolaus upgraded shares of 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. Zacks Investment Research upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Saturday, May 6th. BidaskClub upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Credit Suisse Group cut shares of Rudolph Technologies from a “neutral” rating to an “underperform” rating and set a $23.00 price target for the company. in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $27.20.
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.
Want to see what other hedge funds are holding RTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rudolph Technologies, Inc. (NYSE:RTEC).
Receive News & Ratings for Rudolph Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
