KBC Group NV reduced its stake in Rudolph Technologies, Inc. (NYSE:RTEC) by 14.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,777 shares of the scientific and technical instruments company’s stock after selling 8,689 shares during the period. KBC Group NV owned about 0.16% of Rudolph Technologies worth $1,183,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of Rudolph Technologies by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the scientific and technical instruments company’s stock valued at $284,000 after buying an additional 200 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Rudolph Technologies by 18.5% in the first quarter. Nationwide Fund Advisors now owns 155,078 shares of the scientific and technical instruments company’s stock valued at $3,474,000 after buying an additional 24,252 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Rudolph Technologies by 2.1% in the first quarter. Wells Fargo & Company MN now owns 137,794 shares of the scientific and technical instruments company’s stock valued at $3,087,000 after buying an additional 2,825 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Rudolph Technologies by 3.5% in the first quarter. Great West Life Assurance Co. Can now owns 43,443 shares of the scientific and technical instruments company’s stock valued at $970,000 after buying an additional 1,486 shares in the last quarter. Finally, Capital One National Association raised its stake in shares of Rudolph Technologies by 1.0% in the first quarter. Capital One National Association now owns 31,814 shares of the scientific and technical instruments company’s stock valued at $713,000 after buying an additional 320 shares in the last quarter. 91.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of Rudolph Technologies, Inc. (NYSE:RTEC) opened at 22.20 on Friday. The stock has a 50 day moving average of $23.14 and a 200 day moving average of $23.17. The company has a market cap of $700.19 million, a price-to-earnings ratio of 22.40 and a beta of 1.08. Rudolph Technologies, Inc. has a 52-week low of $16.80 and a 52-week high of $27.30.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Wednesday, August 2nd. The scientific and technical instruments company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The firm had revenue of $67.40 million for the quarter, compared to the consensus estimate of $65.60 million. Rudolph Technologies had a net margin of 13.02% and a return on equity of 10.36%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 EPS. On average, equities research analysts expect that Rudolph Technologies, Inc. will post $1.17 EPS for the current year.

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Several analysts have commented on RTEC shares. Zacks Investment Research raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, May 6th. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Rudolph Technologies in a research report on Sunday, May 7th. Stifel Nicolaus raised shares of Rudolph Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Friday, June 16th. They noted that the move was a valuation call. Finally, BidaskClub lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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.

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

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