Malaga Cove Capital LLC lessened its holdings in Rudolph Technologies Inc (NYSE:RTEC) by 2.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 125,893 shares of the scientific and technical instruments company’s stock after selling 3,270 shares during the period. Rudolph Technologies accounts for approximately 1.8% of Malaga Cove Capital LLC’s holdings, making the stock its 9th biggest position. Malaga Cove Capital LLC’s holdings in Rudolph Technologies were worth $2,870,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Rudolph Technologies by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,687,523 shares of the scientific and technical instruments company’s stock worth $55,013,000 after buying an additional 62,465 shares in the last quarter. Gagnon Advisors LLC grew its position in shares of Rudolph Technologies by 51.4% during the fourth quarter. Gagnon Advisors LLC now owns 270,070 shares of the scientific and technical instruments company’s stock valued at $5,528,000 after purchasing an additional 91,650 shares in the last quarter. Legal & General Group Plc grew its position in shares of Rudolph Technologies by 9.0% during the third quarter. Legal & General Group Plc now owns 68,312 shares of the scientific and technical instruments company’s stock valued at $1,668,000 after purchasing an additional 5,656 shares in the last quarter. Stone Ridge Asset Management LLC grew its position in shares of Rudolph Technologies by 8.4% during the fourth quarter. Stone Ridge Asset Management LLC now owns 25,586 shares of the scientific and technical instruments company’s stock valued at $524,000 after purchasing an additional 1,976 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its position in shares of Rudolph Technologies by 59.6% during the third quarter. MetLife Investment Advisors LLC now owns 20,882 shares of the scientific and technical instruments company’s stock valued at $511,000 after purchasing an additional 7,797 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Shares of NYSE:RTEC traded down $0.05 during trading on Thursday, reaching $23.61. The company’s stock had a trading volume of 50,761 shares, compared to its average volume of 139,797. Rudolph Technologies Inc has a 12 month low of $18.13 and a 12 month high of $34.55. The company has a market cap of $731.80 million, a price-to-earnings ratio of 16.63, a PEG ratio of 2.08 and a beta of 0.92.

Rudolph Technologies (NYSE:RTEC) last announced its quarterly earnings results on Monday, February 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Rudolph Technologies had a net margin of 16.47% and a return on equity of 12.70%. The firm had revenue of $62.78 million during the quarter, compared to the consensus estimate of $64.40 million. During the same quarter last year, the firm earned $0.29 EPS. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts predict that Rudolph Technologies Inc will post 1.12 earnings per share for the current fiscal year.

A number of research analysts have recently weighed in on RTEC shares. ValuEngine upgraded Rudolph Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. Zacks Investment Research lowered Rudolph Technologies from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Rudolph Technologies currently has an average rating of “Hold” and a consensus target price of $32.75.

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About Rudolph Technologies

Rudolph Technologies, Inc designs, develops, manufactures, and supports process control defect inspection and metrology, advanced packaging lithography, and process control software systems used by microelectronic device manufacturers. It offers process and yield management solutions used in bare silicon wafer production and processing facilities, and device packaging and test facilities through standalone systems for macro-defect inspection, packaging 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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