ClariVest Asset Management LLC grew its holdings in shares of Rudolph Technologies Inc (NYSE:RTEC) by 2.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 197,202 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,329 shares during the quarter. ClariVest Asset Management LLC owned about 0.62% of Rudolph Technologies worth $5,462,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RTEC. Exane Derivatives bought a new position in Rudolph Technologies during the fourth quarter worth about $237,000. Victory Capital Management Inc. boosted its position in Rudolph Technologies by 21.4% during the fourth quarter. Victory Capital Management Inc. now owns 63,728 shares of the scientific and technical instruments company’s stock worth $1,523,000 after purchasing an additional 11,233 shares during the period. Alambic Investment Management L.P. boosted its position in Rudolph Technologies by 71.8% during the fourth quarter. Alambic Investment Management L.P. now owns 21,957 shares of the scientific and technical instruments company’s stock worth $525,000 after purchasing an additional 9,174 shares during the period. Tygh Capital Management Inc. bought a new position in Rudolph Technologies during the fourth quarter worth about $2,627,000. Finally, Crossmark Global Holdings Inc. boosted its position in Rudolph Technologies by 56.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 17,420 shares of the scientific and technical instruments company’s stock worth $416,000 after purchasing an additional 6,320 shares during the period. Hedge funds and other institutional investors own 90.45% of the company’s stock.

In other Rudolph Technologies news, insider Steven R. Roth sold 18,000 shares of Rudolph Technologies stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $26.01, for a total transaction of $468,180.00. Following the completion of the sale, the insider now directly owns 74,073 shares in the company, valued at $1,926,638.73. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Whitten sold 6,300 shares of Rudolph Technologies stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $31.67, for a total transaction of $199,521.00. Following the sale, the director now owns 30,030 shares of the company’s stock, valued at $951,050.10. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

RTEC has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 20th. Sidoti initiated coverage on shares of Rudolph Technologies in a research report on Friday, March 16th. They issued a “neutral” rating for the company. B. Riley raised their price objective on shares of Rudolph Technologies from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus raised their price objective on shares of Rudolph Technologies from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Rudolph Technologies currently has a consensus rating of “Buy” and a consensus target price of $31.80.

Shares of Rudolph Technologies opened at $32.55 on Friday, MarketBeat.com reports. Rudolph Technologies Inc has a 1 year low of $32.05 and a 1 year high of $32.45. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 31.30, a P/E/G ratio of 1.83 and a beta of 1.04.

Rudolph Technologies (NYSE:RTEC) last announced its earnings results on Wednesday, May 2nd. The scientific and technical instruments company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. Rudolph Technologies had a net margin of 15.28% and a return on equity of 12.99%. The business had revenue of $73.10 million during the quarter, compared to analyst estimates of $68.94 million. During the same period in the previous year, the business posted $0.26 earnings per share. Rudolph Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts anticipate that Rudolph Technologies Inc will post 1.75 EPS for the current year.

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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Institutional Ownership by Quarter for Rudolph Technologies (NYSE:RTEC)

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