Swiss National Bank boosted its stake in shares of Rudolph Technologies Inc (NYSE:RTEC) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,200 shares of the scientific and technical instruments company’s stock after buying an additional 4,900 shares during the period. Swiss National Bank owned about 0.17% of Rudolph Technologies worth $1,271,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of RTEC. The Manufacturers Life Insurance Company raised its holdings in Rudolph Technologies by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,202 shares of the scientific and technical instruments company’s stock worth $554,000 after buying an additional 983 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Rudolph Technologies during the 2nd quarter worth about $441,000. Nationwide Fund Advisors raised its holdings in Rudolph Technologies by 3.4% during the 3rd quarter. Nationwide Fund Advisors now owns 124,897 shares of the scientific and technical instruments company’s stock worth $3,285,000 after buying an additional 4,125 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in Rudolph Technologies during the 3rd quarter worth about $292,000. Finally, Victory Capital Management Inc. raised its holdings in Rudolph Technologies by 459.2% during the 3rd quarter. Victory Capital Management Inc. now owns 52,495 shares of the scientific and technical instruments company’s stock worth $1,381,000 after buying an additional 43,108 shares during the period. Hedge funds and other institutional investors own 91.25% of the company’s stock.
Several research firms have issued reports on RTEC. Zacks Investment Research downgraded Rudolph Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Stifel Nicolaus boosted their price objective on Rudolph Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. B. Riley boosted their price objective on Rudolph Technologies from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, DA Davidson restated a “buy” rating and set a $33.00 price objective on shares of Rudolph Technologies in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $29.67.
Rudolph Technologies Inc (NYSE:RTEC) opened at $29.75 on Wednesday. The firm has a market capitalization of $954.57, a PE ratio of 29.17, a PEG ratio of 2.05 and a beta of 1.08. Rudolph Technologies Inc has a twelve month low of $21.00 and a twelve month high of $30.85.
Rudolph Technologies (NYSE:RTEC) last issued its earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. The company had revenue of $60.08 million for the quarter, compared to the consensus estimate of $60.79 million. Rudolph Technologies had a return on equity of 11.08% and a net margin of 12.90%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. equities research analysts expect that Rudolph Technologies Inc will post 1.47 earnings per share for the current year.
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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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