Prudential Financial Inc. Has $1.48 Million Stake in Rudolph Technologies, Inc. (RTEC)
Prudential Financial Inc. decreased its holdings in shares of Rudolph Technologies, Inc. (NYSE:RTEC) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,320 shares of the scientific and technical instruments company’s stock after selling 4,700 shares during the quarter. Prudential Financial Inc. owned approximately 0.18% of Rudolph Technologies worth $1,481,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC increased its stake in shares of Rudolph Technologies by 78.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,615 shares of the scientific and technical instruments company’s stock worth $311,000 after purchasing an additional 5,966 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Rudolph Technologies by 94.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 233,761 shares of the scientific and technical instruments company’s stock valued at $5,341,000 after buying an additional 113,320 shares during the last quarter. Cigna Investments Inc. New acquired a new position in Rudolph Technologies in the 2nd quarter valued at $266,000. Vanguard Group Inc. grew its stake in Rudolph Technologies by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,680,423 shares of the scientific and technical instruments company’s stock valued at $38,397,000 after buying an additional 97,588 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its stake in Rudolph Technologies by 405.7% in the 2nd quarter. Marshall Wace North America L.P. now owns 376,190 shares of the scientific and technical instruments company’s stock valued at $8,652,000 after buying an additional 301,807 shares during the last quarter. Institutional investors own 92.58% of the company’s stock.
Rudolph Technologies, Inc. (NYSE:RTEC) traded up $0.10 during trading hours on Thursday, reaching $23.70. 145,100 shares of the company were exchanged, compared to its average volume of 232,902. Rudolph Technologies, Inc. has a 1-year low of $20.30 and a 1-year high of $28.10. The firm has a market cap of $745.45, a price-to-earnings ratio of 23.60, a PEG ratio of 1.68 and a beta of 1.03.
Rudolph Technologies (NYSE:RTEC) last posted its earnings results on Monday, October 30th. The scientific and technical instruments company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Rudolph Technologies had a net margin of 15.99% and a return on equity of 10.49%. The business had revenue of $66.90 million for the quarter, compared to analyst estimates of $66.25 million. During the same period last year, the business posted $0.29 EPS. Rudolph Technologies’s revenue was up 8.6% compared to the same quarter last year. equities research analysts forecast that Rudolph Technologies, Inc. will post 1.04 EPS for the current fiscal year.
In other Rudolph Technologies news, Director Daniel H. Berry sold 6,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $26.13, for a total value of $156,780.00. Following the completion of the sale, the director now directly owns 24,200 shares of the company’s stock, valued at approximately $632,346. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Robert Alan Koch sold 3,500 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $26.31, for a total transaction of $92,085.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,500 shares of company stock valued at $511,765. Insiders own 2.00% of the company’s stock.
A number of research analysts recently issued reports on RTEC shares. B. Riley started coverage on shares of Rudolph Technologies in a research note on Monday, September 11th. They issued a “buy” rating and a $30.00 target price on the stock. BidaskClub upgraded shares of Rudolph Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of Rudolph Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Credit Suisse Group raised their target price on shares of Rudolph Technologies from $23.00 to $24.00 and gave the company an “underperform” rating in a research note on Tuesday, October 31st. Finally, DA Davidson reiterated a “buy” rating and issued a $30.00 target price on shares of Rudolph Technologies in a research note on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.00.
ILLEGAL ACTIVITY NOTICE: “Prudential Financial Inc. Has $1.48 Million Stake in Rudolph Technologies, Inc. (RTEC)” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/prudential-financial-inc-has-1-48-million-stake-in-rudolph-technologies-inc-rtec/1749788.html.
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.
Want to see what other hedge funds are holding RTEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rudolph Technologies, Inc. (NYSE:RTEC).
Receive News & Ratings for Rudolph Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rudolph Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.