Prudential Financial Inc. cut its stake in Rudolph Technologies, Inc. (NYSE:RTEC) by 22.9% during the third quarter, Holdings Channel reports. The fund owned 57,140 shares of the company’s stock after selling 16,950 shares during the period. Prudential Financial Inc. owned about 0.18% of Rudolph Technologies worth $1,014,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in Rudolph Technologies during the third quarter valued at $100,000. US Bancorp DE boosted its stake in Rudolph Technologies by 1.5% in the second quarter. US Bancorp DE now owns 9,075 shares of the company’s stock valued at $141,000 after buying an additional 137 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Rudolph Technologies by 111.8% in the second quarter. BNP Paribas Arbitrage SA now owns 9,510 shares of the company’s stock valued at $148,000 after buying an additional 5,020 shares during the last quarter. Strs Ohio purchased a new stake in Rudolph Technologies during the third quarter valued at $168,000. Finally, Alliancebernstein L.P. purchased a new stake in Rudolph Technologies during the second quarter valued at $200,000. 92.31% of the stock is currently owned by institutional investors.
Shares of Rudolph Technologies, Inc. (NYSE:RTEC) remained flat at $23.30 during mid-day trading on Wednesday. The company had a trading volume of 63,034 shares. The stock’s 50-day moving average price is $22.60 and its 200 day moving average price is $18.88. Rudolph Technologies, Inc. has a 1-year low of $11.17 and a 1-year high of $24.90. The stock has a market cap of $722.67 million, a PE ratio of 22.02 and a beta of 1.34.
Rudolph Technologies (NYSE:RTEC) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. Rudolph Technologies had a net margin of 14.67% and a return on equity of 8.96%. The company had revenue of $61.60 million for the quarter, compared to analyst estimates of $61.38 million. During the same period in the prior year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Rudolph Technologies, Inc. will post $0.99 EPS for the current year.
Several analysts have weighed in on RTEC shares. B. Riley reaffirmed a “buy” rating on shares of Rudolph Technologies in a research report on Sunday. DA Davidson reaffirmed a “buy” rating on shares of Rudolph Technologies in a research report on Tuesday, November 8th. Stifel Nicolaus cut Rudolph Technologies from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research cut Rudolph Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 29th. Finally, Credit Suisse Group cut Rudolph Technologies from an “outperform” rating to a “neutral” rating in a research report on Monday, January 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Rudolph Technologies currently has an average rating of “Hold” and a consensus price target of $18.50.
About Rudolph Technologies
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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