The New York State Teachers Retirement System decides to keep it stake in Rudolph Technologies Inc. (RTEC) to the level of $1,764,000

The New York State Teachers Retirement System decides to keep it stake in Rudolph Technologies Inc. (RTEC) to the level of $1,764,000

New York State Teachers Retirement System lowered its stake in Rudolph Technologies Inc. (NYSE:RTEC) by 1.4% during the second quarter, Holdings Channel reports. The firm owned 113,586 shares of the company’s stock after selling 1,600 shares during the period. New York State Teachers Retirement System’s holdings in Rudolph Technologies were worth $1,764,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voce Capital Management LLC raised its stake in shares of Rudolph Technologies by 1.9% in the first quarter. Voce Capital Management LLC now owns 239,917 shares of the company’s stock valued at $3,277,000 after buying an additional 4,400 shares in the last quarter. Foundry Partners LLC raised its stake in shares of Rudolph Technologies by 0.3% in the second quarter. Foundry Partners LLC now owns 149,595 shares of the company’s stock valued at $2,323,000 after buying an additional 425 shares in the last quarter. Hancock Holding Co. raised its stake in shares of Rudolph Technologies by 5.0% in the first quarter. Hancock Holding Co. now owns 69,626 shares of the company’s stock valued at $951,000 after buying an additional 3,313 shares in the last quarter. Value Holdings LP raised its stake in shares of Rudolph Technologies by 112.1% in the first quarter. Value Holdings LP now owns 62,555 shares of the company’s stock valued at $855,000 after buying an additional 33,055 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Rudolph Technologies during the first quarter valued at approximately $651,000. Institutional investors and hedge funds own 92.12% of the company’s stock.

Rudolph Technologies Inc. (NYSE:RTEC) traded up 0.06% during mid-day trading on Monday, reaching $17.76. 157,155 shares of the company were exchanged. Rudolph Technologies Inc. has a one year low of $11.17 and a one year high of $18.36. The stock has a market capitalization of $549.49 million, a price-to-earnings ratio of 17.78 and a beta of 1.23. The stock has a 50 day moving average of $17.66 and a 200-day moving average of $15.76.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Rudolph Technologies had a net margin of 13.95% and a return on equity of 9.17%. The company had revenue of $62.70 million for the quarter, compared to the consensus estimate of $60.27 million. During the same period in the prior year, the firm posted $0.23 EPS. Rudolph Technologies’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that Rudolph Technologies Inc. will post $1.04 earnings per share for the current fiscal year.

Several analysts have recently issued reports on RTEC shares. Zacks Investment Research lowered shares of Rudolph Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 29th. Dougherty & Co lowered shares of Rudolph Technologies from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Stifel Nicolaus boosted their price target on shares of Rudolph Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Wednesday, July 27th. Finally, B. Riley reissued a “buy” rating and issued a $19.50 price target on shares of Rudolph Technologies in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.50.

In other news, insider Steven R. Roth sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $17.00, for a total transaction of $255,000.00. Following the sale, the insider now owns 76,207 shares of the company’s stock, valued at approximately $1,295,519. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Rajiv Roy purchased 2,500 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $16.95 per share, for a total transaction of $42,375.00. Following the acquisition, the vice president now owns 26,903 shares in the company, valued at $456,005.85. The disclosure for this purchase can be found here. Corporate insiders own 4.60% of the company’s stock.

Rudolph Technologies Company Profile

Rudolph Technologies, Inc (Rudolph) is engaged in the design, development, manufacture and support of defect inspection, packaging lithography, thin film metrology, and data analysis systems and software used by microelectronics device manufacturers. The Company operates in a segment of the design, development, manufacture and support of process control defect inspection and metrology; packaging lithography, and data analysis systems and software used by microelectronics device manufacturers.

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